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

Continue Reading

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.… […]

Continue 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

Continue Reading

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

Continue Reading
modern-white-house-with-back-window-wall-and-furnished-patio-gettyimages-1342242296-1300w-867h

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

Continue Reading
Grice_Jordan_2021_60x60

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 […]

Continue Reading
houses-in-new-england-in-the-fall-GettyImages-513394375-1300w-867h

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

Continue Reading

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

Continue Reading

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

Continue Reading
house-with-a-fenced-yard-on-the-water-vidar-nordli-mathisen-nGA6aQebrLw-unsplash-1300w-867h

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

Continue Reading