Albuquerque Real Estate News
Albuquerque
U.S. Pending Home Sales Down 7 Percent Annually in February
According to the National Association of Realtors, pending U.S. home sales in February 2024 grew 1.6% month-over-month from January 2024. The Midwest and South posted monthly gains in transactions while the Northeast and West recorded losses. All four U.S. regions registered year-over-year decreases.
U.S. Mortgage Applications Increase in Late November as Rates Moderate
According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending December 1, 2023, U.S. mortgage applications increased 2.8 percent from one week earlier.
U.S. Residential Mortgage Lending Dipped in Q3 as Rates Jumped
Based on ATTOM's newly released its third-quarter 2023 U.S. Residential Property Mortgage Origination Report, 1.54 million U.S. mortgages secured by residential property (1 to 4 units) were issued in the United States during the third quarter, representing a 3 percent decline from the prior three-month period.
U.S. Home Sales Slide 15 Percent Annually in October
Among the four major U.S. regions, sales slid in the Northeast, South and West but were unchanged in the Midwest. All four regions experienced year-over-year sales declines.
