Existing home sales were on the rise in November, according to new data from the National Association of Realtors (NAR). Last month, total existing home sales were up 4.8% from October to a seasonally adjusted annual rate of 4.15 million in November. On a...
Mortgage rates shot up again in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.72% as of Dec. 19, up from last week when it averaged 6.60%. A year ago at this time, it averaged 6.67%. The...
Closed sales of existing single-family homes across Florida totaled 17,095 in November, down 3.5% year-over-year, while existing condo-townhouse sales in the Sunshine State totaled 6,002, down 15.6% year-over-year. According to data from Florida Realtors, the...
LRT Company, a Bluffton, South Carolina-headquartered development firm, has expanded into Rhode Island with its acquisition of 12.38 acres in the Providence suburb of Coventry, where it plans to develop Tiffany Laurel Reserve, a 204-unit senior housing campus. The...
California home sales during November marked the largest yearly increase in existing home sales since June 2021, although the level was still below the pre-Covid levels. According to new data from the California Association of Realtors (CAR), closed escrow sales of...
Canada’s home sales during November were up 2.8% from the prior month and up 26% from one year earlier, according to data from the Canadian Real Estate Association (CREA). Last month’s sales are now a cumulative 18.4% above where they were in May, just before the Bank...
Hits and Misses for the Real Estate Week of April 27-May 1
