A new report just released from Realtor.com reveals that investor home purchases comprised 9.5 percent of home sales nationally, with Charlotte, North Carolina, leading the pack as the fastest-growing investor market. In the 12 months ended in April 2022, 20 percent of properties sold in the greater Charlotte metropolitan area were bought by both institutional and individual…
US Pending Home Sales Tumble in June as Mortgage Rate Soar
WASHINGTON—Contracts to buy U.S. previously owned homes fell more than expected in June as rising mortgage rates and higher house prices continued to reduce affordability for entry-level and first-time buyers. The National Association of Realtors (NAR) said on Wednesday its Pending Home Sales Index, based on signed contracts, tumbled 8.6 percent to 91.0 last month….
SoCal Home Sales Drop to Lowest Level Since Great Recession
Home sales in California continued to fall in June and reached to the lowest level since 2008 amid hiking interest rates, according to data released by the California Association of Realtors (CAR) on July 18. Southern California home sales went down by 27.1 percent in the last year, with all six counties dropping more than 20…
New Home Sales Are Up, But Fewer People Are Looking for New Homes
Two new housing data reports find an increasing volume of new home sales and a drop in the number of people seeking out these properties. What Happened Sales of new single‐family houses in May 2022 were at a seasonally adjusted annual rate of 696,000, according to estimates released by the U.S. Census Bureau and the…
Largest US Pork Processor Leaving Calif.; Bitcoin Falls, Crypto Mkt Value Under $1T | NTD Business
The largest pork processor in the United States is abandoning California. It says it’s not worth doing business there anymore because of taxes and inflation. Luxury home sales see the biggest drop since 2020. Why? And what could it mean for some buyers? McDonald’s restaurants reopen in Russia, under a new name and Russian ownership….
US Pending Home Sales Post 5th Straight Monthly Decline in March
WASHINGTON—Contracts to buy U.S. previously owned homes dropped to the lowest level in nearly two years in March as soaring house prices and mortgage rates reduced the pool of buyers. The National Association of Realtors (NAR) said on Wednesday its Pending Home Sales Index, based on signed contracts, fell 1.2 percent last month to 103.7….
US Pending Home Sales Approach Two-Year Low; Consumer Sentiment Slumps
WASHINGTON—Contracts to buy U.S. previously owned homes dropped to the lowest level in nearly two years in February, weighed down by a persistent shortage of properties, and activity could remain sluggish amid increasing mortgage rates and high house prices. The National Association of Realtors (NAR) said on Friday its Pending Home Sales Index, based on…
US New Home Sales Drop Further as Mortgages Rates Rise; Prices Push Higher
WASHINGTON—Sales of new U.S. single-family homes unexpectedly fell in February amid rising mortgage rates and higher house prices, which are squeezing out some first-time buyers from the market. Despite the second straight monthly decline reported by the Commerce Department on Wednesday, sales remained above their pre-pandemic level. Economists saw reduced affordability curbing activity in the…
Homebuilder Confidence Falls to 4-Month Low on ‘Severe’ Supply Disruptions: NAHB
February 18, 2022
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Confidence among U.S. homebuilders fell in February to a four-month low amidst persistent delays to projects, rising construction costs, and building material production bottlenecks, according to a trade association, indicating a near-term gloomy outlook for the industry. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) declined by one point to 82…
US Housing Market Grows $6.9 Trillion in 2021, Biggest Annual Gain in History
A fresh datapoint has emerged showing just how red-hot America’s housing market has been as the pandemic’s work-from-home revolution sent people on a buying spree that collided with slim supply to send the value of the U.S. housing stock soaring. The total value of homes in the United States surged by $6.9 trillion in 2021, according…
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