Sales of new single‐family houses in December were at a seasonally adjusted annual rate of 664,000, according to estimates from the U.S. Census Bureau and the Department of Housing and Urban Development. This is 8% above the revised November rate of 615,000 and is...
Home sellers made a $121,000 profit and a 56.5% return on investment (ROI) for the typical sale in 2023, according to data from ATTOM. Last year’s figures were down from the $122,600 profit and 59.8% ROI recorded in 2022 – the first decline in either category since...
The median asking rent for 0-2 bedroom properties in the 50 largest metros was $1,713 in December, according to new data from Realtor.com. This is down by $7 (-0.4%) from December 2022 and down $63 (-3.5%) from its July 2022 peak – although it is also $309 (22%)...
Mortgage applications for new home purchases in December were up by 22.2% from one year earlier, according to new data from the Mortgage Bankers Association (MBA). Compared to November, the application volume dipped by 4%. The MBA estimated new single-family home...
Existing home sales ended 2023 on a downturn, according to data from the National Association of Realtors (NAR). Total existing home sales dipped by 1% from November to a seasonally adjusted annual rate of 3.78 million in December. On a year-over-year measurement,...
10-Year Treasury Yield Surges to 5.27%, Intensifying Mortgage-Rate Pressure
