Closed sales of existing single-family homes in Florida totaled 23,435 in March, down 10.4% year-over-year, according to new data from Florida Realtors. Existing condo-townhouse sales totaled 9,332, down 16.6% over March 2023. For the first quarter of the year,...
Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 267,470 in March, according to data from the California Association of Realtors (CAR). This is a 7.8% slide from the revised 290,470 homes sold...
Housing inventory across New York State plummeted to a new record low in March, according to the housing report released today by the New York State Association of Realtors (NYSAR). The total inventory of homes across the Empire State was down 14.7% year-over-year,...
The U.S. Department of Housing and Urban Development (HUD) has updated its policies for wind and named storm insurance coverage required for multifamily properties financed with a Federal Housing Administration (FHA)-insured mortgage. According to HUD, the updates are...
Mortgage rates blew past the dreaded 7% level for the first time this year, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.10% as of April 18, up from last week when it averaged...
Existing home sales tanked in March, according to data from the National Association of Realtors (NAR). Last month, total existing home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – declined by 4.3% from February...
Hits and Misses for the Real Estate Week of May 11-15
