Real Estate News Feed
California Home Sales Pull Back
Wed, 18 Sep 2024 14:47:05 GMT
Existing, single-family home sales totaled 262,050 in August on a seasonally adjusted annualized rate, down 6.3 percent from 279,810 in July and up 2.8 percent from 254,820 in August 2023.
Housing Starts Fastest Pace Since April
Wed, 18 Sep 2024 14:46:31 GMT
US housing starts bounced back in August after tumbling a month earlier, illustrating uneven residential construction as builders weigh inventory levels against brighter demand prospects tied to falling borrowing costs.
Mortgage Applications Surge
Wed, 18 Sep 2024 14:45:52 GMT
Application activity was up significantly last week, as market expectations of a rate cut from the Fed pulled mortgage rates lower. The seasonally adjusted Purchase Index increased 5 percent from one week earlier.
Stock Traders Sidelined
Wed, 18 Sep 2024 14:44:45 GMT
Stocks wavered amid uncertainties on how aggressive the Federal Reserve will be with rate cuts after holding them at a two-decade high for more than a year.
New Home Purchase Applications Grow
Tue, 17 Sep 2024 14:48:57 GMT
Applications for new home purchases continue to show year-over-year growth, increasing by more than four percent and extending the annual growth streak to 19 consecutive months, according to the Mortgage Bankers Association.
Builder Confidence Rose in September
Tue, 17 Sep 2024 14:48:21 GMT
Builder confidence in the market for newly built single-family homes was 41 in September, up two points from a reading of 39 in August, according to the National Association of Home Builders.