Foreign buyers are pulling back from the Texas housing market, according to new data from Texas Realtors. Between April 2023 and March 2024, approximately 6,900 buyers from other countries purchased Texas residential properties. This represented a 30% decline from the...
The August edition of the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) reached its lowest reading since last December with a 39 reading, down two points from a downwardly revised reading of 41 in July. The HMI index charting...
CBRE (NYSE:CBRE) has revised its forecast for 2024 U.S. hotel performance, citing weaker-than-expected leisure travel and the slowing in corporate profit growth. CBRE is now projecting a 1.2% increase in revenue per available room (RevPAR) growth for 2024, down from...
Mortgage rates recorded a slight uptick in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.49% as of Aug. 15, up from last week when it averaged 6.49%. A year ago at this time, it averaged...
The Trump Organization is seeking to construct new residences and retail units at one of its Florida golf resorts. Bloomberg reports project would be located at the 600-acre Trump National Doral Miami resort, which is home to a hotel and four golf courses including...
A total of 31,929 U.S. properties had foreclosure filings during July, according to new data from ATTOM. This represents a 15% increase from June and up by a scant 0.2% from July 2023. Nationwide, one in every 4,414 housing units had a foreclosure filing last month....
Hits and Misses for the Real Estate Week of May 4-8
