PrePandemic
Rental Markets Cool—but Not to Pre-Pandemic Levels
“The rent is too damn high,” famously proclaimed New York City perennial candidate Jimmy McMillan. The latest analysis from Harvard University’s State of the Nation’s Housing 2024 report suggests those who share McMillan’s views are unlikely to change their tune. The report, tracking data up to Q2 2024, includes three major takeaways when it comes… […]
Elevated Inflation Starts To Hit Consumers’ Pockets; However, Retail Sales Are Higher Than Pre-pandemic
Amid unyielding inflation and rising borrowing costs, consumers are starting to cut spending, mostly on big-ticket items. www.nar.realtor – Research
Delinquencies Still Double Pre-Pandemic Rate
Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 15.7 percent in October compared to a 17.4 percent gain in September. The portfolio balance at the end of the period was $ 3.179 trillion compared to $ 3.137 trillion the prior month and $ 2.669 trillion a year […]