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Dulles

U.S. Mortgage Originations Predicted to Hit $1.95 Trillion in 2024

According to the Mortgage Bankers Association, total U.S. mortgage origination volume is expected to increase to $1.95 trillion in 2024 from the $1.64 trillion expected in 2023.

Office Conversions on Pace to Double in U.S.

According to global property consultant CBRE, U.S. office conversions are on pace to more than double their recent annual average this year, with momentum picking up due to increased incentives and other support from state and local governments.

Home Purchase Cancellations Accelerating in the U.S.

According to national property broker Redfin, residential real estate deals are falling through at the highest rate in almost a year as high mortgage rates give homebuyers sticker shock.

U.S. Housing Inventory Drops to Lowest Levels Since 1999, Says NAR

According to the National Association of Realtors newly released 2023 Member Profile, amid a significant shortage of housing supply in 2022, 32% of Realtors named a lack of inventory as the most important factor limiting potential clients from making a purchase.

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