After seven consecutive months of rising optimism, builder confidence dropped in August as mortgage rates neared the 7% mark. The National Association of Home Builders (NAHB)/Wells Fargo (NYSE:WFC) Housing Market Index (HMI) saw builder confidence in the market for...
Mortgage applications for new home purchases in July increased by 35.5% year-over-year, according to new data from the Mortgage Bankers Association (MBA). Compared to June, applications inched up by 0.2%. MBA estimated new single-family home sales were running at a...
Canada’s home sales dipped by 0.7% month-over-month in July, even though number of newly listed properties rose 5.6% month-over-month and sales were up in more than half of all local markets. According to data from the Canadian Real Estate Association (CREA), a...
The average American teacher can only afford 12% of the homes for sale within commuting distance of their school, according to a new data study from Redfin (NASDAQ:RDFN). The new data is down from 17% in the summer of 2022 and down 30% from pre-pandemic 2019. And the...
Orlando-based NNN REIT Inc. (NYSE: NNN) has promoted Jonathan A. Adamo to executive vice president of portfolio operations. Adamo joined NNN in April 2003 and currently serves as senior vice president and head of portfolio operations. He previously served in the...
