August
Instant Reaction: Mortgage Rates, August 29, 2024
The average 30-year fixed mortgage rate from Freddie Mac dropped to 6.35% this week from 6.46% last week. www.nar.realtor – Research
August 2024 Commercial Real Estate Market Insights
In July 2024, office vacancy rates remained at a record high of 13.8%, retail and industrial fundamentals softened, and demand for apartments surged. www.nar.realtor – Research
Consumer Confidence Up Slightly in August Due to Economy and Inflation
The Conference Board Consumer Confidence Index, which measures American opinions of current economic conditions and their outlook for the next six months, rose in August to 103.3, from an upwardly revised 101.9 in July, while the Present Situation Index—based on consumers’ assessment of current business and labor market conditions—improved to 134.4 from 133.1. The Expectations… […]
Existing-Home Sales Decreased 0.7% in August
Existing-Home Sales Decreased 0.7% in August In August 2023, existing-home sales improved in the Midwest, were unchanged in the Northeast, and slipped in the South and West. Media Contact: Troy Green 202-383-1042
Instant Reaction: Mortgage Rates, August 17, 2023
Mortgage interest rates are now officially above 7%, hitting 7.09% this week, up from 6.96% the prior week, and is the highest rate in more than 20 years. www.nar.realtor – Research
NAR Welcomes FHFA’s Cancellation of August 1 LLPA Fee Increase
FHFA Rescinds August 1 LLPA Fee Increase NAR applauds the FHFA for listening to the industry’s concerns by choosing to drop this fee on borrowers with higher debt-to-income ratios. Media Contact: Tori Syrek Financing & Credit
The Institute: August Luxury Market Report
The Institute’s Luxury Market Report is your guide to analyzing the trends and comparative data on the top-residential markets throughout Canada and the United States. August’s report reviews the current statistics for the luxury market in North America month over month, as well as the 13-month trend. This summer, several trends are making waves. We… […]
Housing Affordability Continued to Improve in August
At the national level, housing affordability increased for the second consecutive month in August compared to the previous month, with the monthly mortgage payment falling by 1.1% and the median family income falling modestly by 0.7%. www.nar.realtor – Research
Existing-Home Sales Recede 2.0% in August
Existing-Home Sales Recede 2.0% in August In August 2021, each of the four major U.S. regions experienced declines on both a month-over-month and a year-over-year perspective. Media Contact: Quintin Simmons 202-383-1178
Instant Reaction: Consumer Price Index, August 11, 2021
Inflation continued to rise quickly in July. Over the last 12 months the inflation rate rose 5.4%, the same annual rate as in June. www.nar.realtor – Research