July Housing Stats

[Update. 10:30 am (CST): the official number is down 27.2%. Meanwhile, the market is up just a bit from where it opened, down 100. The takeaway? Nobody’s shocked.]

The big number today is the imminent release of July housing sales (about a minute away).

Judging by the stock market’s first 30 minutes today — in fact, the week-long slide — no one’s anticipating that the number’s going to be good.

You’ll know if the number is better or worse than expected by the market’s immediate reaction.

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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