November
November 2023 Existing-Home Sales Rise After Five Months of Declines
NAR released a summary of existing-home sales data showing that housing market activity increased by 0.8% from October 2023. www.nar.realtor – Research
Consumer Price Index Sees Small Rise in November
Inflation saw a small rise again in November, following no changes in October. After the recent pause in rate hikes from the Fed, this reading is in line with economist predictions that the Fed could continue the pause, and possibly halt rate hikes altogether. The Consumer Price Index saw 0.1% increase in its November reading.… […]
Instant Reaction: Mortgage Rates, November 30, 2023
Mortgage interest rates dropped again to 7.22% from 7.29% last week; the drop from the October peak of 7.79% translates into a $ 125-a-month savings on a $ 400,000 mortgage. www.nar.realtor – Research
Instant Reaction: Mortgage Rates, November 16, 2023
The three-week drop in mortgage rates is a steady sign that they have likely hit a peak and are headed down. www.nar.realtor – Research
Pending Home Sales Slid 4.0% in November
Pending Home Sales Slid 4.0% in November With mortgage rates falling throughout December, home-buying activity should inevitably rebound in the coming months and help economic growth. Media Contact: Lauren Cozzi 202-383-1178
U.S. Construction Spending Climbed in November 2021
Construction spending saw a modest boost in November, according to recent reports from the U.S. Census Bureau and the Department of Commerce. The Commerce Department announced on Jan. 3 that construction spending climbed by 0.4% in November 2021, with single-family homebuilding playing a significant role in the uptick. Total spending rose from $ 1.62 billion […]
Pending Home Sales Subside 2.2% in November
Pending Home Sales Subside 2.2% in November Each of the four major U.S. regions declined month-over-month. Only the Midwest saw an increase year-over-year. Media Contact: Quintin Simmons 202-383-1178
Instant Reaction: Mortgage Rates, November 4, 2021
The 30-year fixed mortgage rate fell to 3.09% this week from 3.14%, good news for homebuyers and homeowners who want to refinance. www.nar.realtor – Research
Instant Reaction: Jobs, November 5, 2021
The job market continues to make progress in October with 531,000 net new jobs. Since coming out of lockdown 18 million jobs have been created, but total jobs are still 4 million below the level seen before the arrival of COVID-19. www.nar.realtor – Research
Pending Home Sales Slide 2.6% in November
Pending Home Sales Slide 2.6% in November Despite the fall in month-over-month pending sales, contract signings were up 16.4% from one year ago and reached a record high for November. Media Contact: Quintin Simmons 202-383-1178