Real Estate News Feed
All Cash Sales Reach 3-Yr Low
Tue, 18 Feb 2025 16:06:31 GMT
The percentage of U.S. home purchases made in cash fell to 32.6% in 2024, a three-year low, as the total number of all-cash purchases dropped to its lowest level in a decade. Florida homebuyers were most likely to pay cash.
Spring Thaw For Listings
Mon, 17 Feb 2025 16:50:54 GMT
As of February 14th, the inventory of homes available for sale nationwide was 638 thousand, compared to 632 thousand the prior week.
Retail Sales Drop Slightly
Fri, 14 Feb 2025 16:14:30 GMT
Retail and food services sales for January 2025 were $723.9 billion, down 0.9% from the previous month but were up 4.2 percent higher than January 2024.
Industrial Production Continues To Grow
Fri, 14 Feb 2025 16:13:48 GMT
Industrial production increased 0.5 percent in January after moving up 1.0 percent in December.
Mortgage Rates Notch Down
Thu, 13 Feb 2025 17:13:36 GMT
The 30-year FRM averaged 6.87% as of February 13, 2025, down from last week when it averaged 6.89%. A year ago at this time, the 30-year FRM averaged 6.77%.
Listings Swell
Thu, 13 Feb 2025 16:18:24 GMT
Housing supply rose to the highest level since 2020 in January, but housing demand fell to the lowest level since 2020 as mortgage rates hit an eight-month high, according to a report from Redfin.