August
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
Housing Affordability Weakens in August 2020 as Home Prices Rose Faster than Median Family Incomes
At the national level, housing affordability declined in August 2020 compared to a year ago and fell compared to July. www.nar.realtor – Research
Manhattan rental market plunges, leaving 15,000 empty apartments in August
Hopes for a rebound in the fall or the end of 2020 look increasingly unlikely. Although rental prices have come down, the discounts are not steep enough yet to lure new renters back to the city….(read more) Forward this article via email: Send a copy of this story to someone you know that may want to […]