US Real Estate

Both sales and inventory of existing homes saw slight monthly declines in August.

Home prices have grown much faster than incomes, putting ownership out of reach for millions of Americans.

Miami, Chicago, and New York are among the most competitive rental markets, with more than a dozen people competing for the same unit.

Rates for a 30-year fixed mortgage dipped to 6.34 percent last week.

Georgia remains a hotbed of flipping activity.

Both single-family and multi-family new housing construction fell in August.

Lower mortgage rates and anticipated Fed cuts are boosting expectations for stronger fourth-quarter sales.

The report also indicates that more than one in four homes in the United States are at risk of severe or extreme climate events.

The 30-year fixed mortgage rate decreased to 6.49 percent last week, marking its lowest level since October 2024, according to the Mortgage Bankers Association.

With the August nonfarm report showing weakness in the jobs sector, mortgage rates are expected to continue their downward slide, economists say.

All regions posted rent decreases in August, led by the West and South. But some metro areas are seeing rent increases, notably San Francisco.

The softening in residential investor purchases was most keenly felt among condominium properties, Redfin said.

North Port, Florida, leads the country in homeownership at 79.5 percent, while California and New York have the highest share of renters.

‘I think everything is on the table,’ Treasury Secretary Scott Bessent said in a Labor Day interview.

The 30-year fixed mortgage rate has fallen to its lowest level in 10 months.

Year over year, national pending home sales saw a 0.7 percent increase.

More than 15 percent of deals fell through last month, even as overall sales ticked higher.

Nevada ranked first in the number of homes on the market, with inventory up by 52.9 percent year over year.

Single- and multi-family starts rose on hopes that lower mortgage rates later this year could lift the sluggish market, an analyst said.

Both sales and inventory of existing homes saw slight monthly declines in August.

Home prices have grown much faster than incomes, putting ownership out of reach for millions of Americans.

Miami, Chicago, and New York are among the most competitive rental markets, with more than a dozen people competing for the same unit.

Rates for a 30-year fixed mortgage dipped to 6.34 percent last week.

Georgia remains a hotbed of flipping activity.

Both single-family and multi-family new housing construction fell in August.

Lower mortgage rates and anticipated Fed cuts are boosting expectations for stronger fourth-quarter sales.

The report also indicates that more than one in four homes in the United States are at risk of severe or extreme climate events.

The 30-year fixed mortgage rate decreased to 6.49 percent last week, marking its lowest level since October 2024, according to the Mortgage Bankers Association.

With the August nonfarm report showing weakness in the jobs sector, mortgage rates are expected to continue their downward slide, economists say.

All regions posted rent decreases in August, led by the West and South. But some metro areas are seeing rent increases, notably San Francisco.

The softening in residential investor purchases was most keenly felt among condominium properties, Redfin said.

North Port, Florida, leads the country in homeownership at 79.5 percent, while California and New York have the highest share of renters.

‘I think everything is on the table,’ Treasury Secretary Scott Bessent said in a Labor Day interview.

The 30-year fixed mortgage rate has fallen to its lowest level in 10 months.

Year over year, national pending home sales saw a 0.7 percent increase.

More than 15 percent of deals fell through last month, even as overall sales ticked higher.

Nevada ranked first in the number of homes on the market, with inventory up by 52.9 percent year over year.

Single- and multi-family starts rose on hopes that lower mortgage rates later this year could lift the sluggish market, an analyst said.