The WPJ

North America Residential

High Mortgage Rates in February Slow New Home Sales in America

According to new data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, a small rise in U.S. mortgage rates in February 2024 led to sales of newly built, single-family homes to edge down 0.3% to a 662,000 seasonally adjusted annual rate.

California Home Sales Uptick in February

Based on new data from the California Association of Realtors, despite a recent uptick in mortgage rates, California's housing market continued to demonstrate resilience in February 2024, reaching sales levels not seen since September 2022.

Greater Miami Overall Residential Sales Uptick 1 Percent in February

Based on new data from the Miami Association of Realtors, Miami-Dade County overall residential sales rose year-over-year 0.8% in February 2024.

Home Sales in U.S. Down 3 Percent Annually in February

According to the National Association of Realtors, U.S. existing-home sales climbed in February 2024. Among the four major U.S. regions, sales jumped in the West, South and Midwest, and were unchanged in the Northeast. Year-over-year, sales declined in all regions.

North America Residential Property News












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