US Real Estate

Many sellers have begun listing their homes for sale following a spike in demand.

Region-wise, the West registered the largest increase, with asking rents up 4.4 percent, followed by the Midwest and the South.

Prospective buyers may have an ‘opportunity to snag a deal’ in the slower winter months.

Mortgage rates at 6 percent are expected to be the ‘new normal’ next year.

New home listings have risen as well, boosting property supply in the market.

Homes that were on the market for several weeks are ‘finally selling,’ a real estate expert said.

A decline in inflation numbers could encourage the Federal Reserve to bring down its benchmark rates, potentially triggering a further jump in applications.

Builders are showing ‘increasing confidence’ that the incoming administration will provide regulatory relief, which will boost new construction activities.

The decision could enable potential home buyers in the United States to purchase higher-priced homes.

About 13 percent of U.S. renters reported withdrawing money from retirement funds to cover rent.

The increase in sales was quickly followed by a rise in mortgage rates and diminishing demand.

Low inventories and expectations that mortgage rates could go lower are supporting market demand and pushing up prices.

A typical household spends nearly 40 percent of its income on mortgage payments.

Builders expressed confidence that a Republican trifecta in Washington will boost the housing market by delivering regulatory relief.

Pending transactions jumped in September, with many finalized in October, thereby boosting existing home sales numbers.

California accounted for four of the top five least affordable metros: San Jose, Los Angeles, San Diego, and San Francisco.

Virginia Beach and Washington saw the largest increases at more than 11 percent.

Almost 90 percent of U.S. metro home prices swelled in the third quarter.