World News
Greater Palm Beach Area Home Sales Uptick 4 Percent in October
According to the Miami Association of Realtors, greater Palm Beach County total home sales in October 2023 rose year-over-year as South Florida real estate continues to outperform the nation.
October is the Best Month of the Year to Buy a Home in the U.S.
Based on new data from ATTOM, October continues to offer lower premiums for U.S. homebuyers, the single best day to buy a home is in January.
Miami Overall Residential Sales Slip 5 Percent Annually in October
Miami single-family home sales decreased 1.5% year-over-year, from 884 in October 2022 to 871 in October 2023. Miami single-family home sales, which saw an increase in transactions the previous month, still has a lack of inventory in key price points as elevated mortgage rates have impacted buyers looking to finance.
Commercial Real Estate Lending in U.S. Shows Signs of Stabilizing in Late 2023
According to the latest research from CBRE, the commercial real estate lending market is beginning to stabilize, with borrowing costs appearing to have peaked, even as transaction activity remains subdued.
Mortgage Rates Decrease for Third Consecutive Week in U.S.
Based on Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 7.29 percent. This week's results include an adjustment for the observance of Thanksgiving.
