Housing starts rose to a 1.37 million annual pace from 1.35 million in October, the government said Friday.
The post U.S. Housing Starts Rise ‘Unexpectedly’ for the Second Straight Month appeared first on Real Estate News & Insights | realtor.com®.
Category: Real Estate News
NAR names Nykia Wright interim CEO, replacing retiring Bob Goldberg
Nykia Wright has been named interim CEO for the National Association of Realtors® (NAR), effective Nov. 20.
The post NAR names Nykia Wright interim CEO, replacing retiring Bob Goldberg appeared first on Atlanta Agent Magazine.
U.S. Home Prices Rose for the Sixth Month in a Row, Case-Shiller Says
Chicago led the nation in home price gains for the fourth month in a row, Case-Shiller says.
The post U.S. Home Prices Rose for the Sixth Month in a Row, Case-Shiller Says appeared first on Real Estate News & Insights | realtor.com®.
U.S. Pending Home Sales Stay Near Record Low Despite Modest Pickup in September
Existing-home sales will fall in 2023 to the lowest rate since 2008, National Association of Realtors forecasts.
The post U.S. Pending Home Sales Stay Near Record Low Despite Modest Pickup in September appeared first on Real Estate News & Insights | realtor.com®.
The Rental Market’s Downward Slide: 5 Straight Months of Falling Rents
Rents continued to fall around the country as more rental units hit the market. However, there are still some places where they are climbing.
The post The Rental Market’s Downward Slide: 5 Straight Months of Falling Rents appeared first on Real Estate News & Insights | realtor.com®.
Home Sales Slide to Lowest Pace Since 2010 as High Rates Squeeze Market
Home sales fell in September to the lowest rate in 13 years, showing the corner of the economy most weakened by high interest rates remains in decline.
The post Home Sales Slide to Lowest Pace Since 2010 as High Rates Squeeze Market appeared first on Real Estate News & Insights | realtor.com®.
U.S. Housing Starts Rebound in September After Sharp Drop in Prior Month
Construction of new U.S. homes rebounded 7% in September to an annual pace of 1.36 million units after a sharp 1.5% drop in the prior month.
The post U.S. Housing Starts Rebound in September After Sharp Drop in Prior Month appeared first on Real Estate News & Insights | realtor.com®.
Mortgage Rates March Towards 8%, Pushing Demand to the Lowest Level in 27 Years
Mortgage demand dropped to the lowest level since 1996 as rates surged across the board due to a recent jump in Treasury yields.
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Contract Signings for U.S. Homes Drop in August to Lowest Level Since April 2020
“Increased housing inventory and better interest rates are essential to revive the housing market,” Lawrence Yun of the National Association of Realtors says.
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Home-Buying Demand Falls as Mortgage Rates Reach Multi-Decade Highs
The 30-year mortgage rate hit it highest level since December 2000, and the jumbo rate rose to a 12-year high.
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