Real Estate News

• Pending Home Sales Decline 1.9% in June 2021 July 30, 2021
  Pending Home Sales Decline 1.9% in June 2021 June's pending home sales pace declined 1.9% last month and fell 1.9% from a year ago. By:  Michael Hyman
• Tracking Housing Construction at the Local Level: June 2021 July 29, 2021
  Housing Construction at the Local Level: June 2021 Housing starts rose strongly in June, above 1.6 million units and housing inventory has also modestly improved in the last several months. By:  Nadia Evangelou
• Instant Reaction: Mortgage Rates, July 29, 2021 July 29, 2021
  Instant Reaction: Mortgage Rates, July 29, 2021 Mortgage rates rose slightly this week but remained below 3% for the fifth straight week. As of today, the average rate is clocking in at 2.93%. By:  Nadia Evangelou
• Instant Reaction: GDP, July 29, 2021 July 29, 2021
  Instant Reaction: GDP, July 29, 2021 Real GDP ($ 19.35 trillion) is now running at 2% above the pre-pandemic level in the first quarter of 2020 ($18.9 trillion). By:  Scholastica (Gay) Cororaton
• Foreign Buyer Purchases Fall to Lowest Level With Lingering Impacts into 2022 July 27, 2021
  Foreign Buyer Purchases Fall to Lowest Level The dollar volume of U.S. existing homes purchased by foreign buyers in April 2020–March 2021 fell 27% to $54.4 billion. By:  Scholastica (Gay) Cororaton International Real Estate
• June 2021 Existing-Home Sales Bounce Back as Home Prices Hit Second Highest Pace July 22, 2021
  June 2021 Existing-Home Sales Bounce Back June existing-home sales increased 1.4% from May 2021 and 22.9% from June 2020, reaching a 5.86 million seasonally adjusted annual rate. By:  Michael Hyman
• Instant Reaction: Mortgage Rates, July 22, 2021 July 22, 2021
  Instant Reaction: Mortgage Rates, July 22, 2021 Mortgage rates dropped significantly this week, with the 30-year fixed mortgage rate falling to 2.78% from last week's 2.88%. By:  Nadia Evangelou Mortgage Financing