North America Residential Real Estate News
North America Residential
30-Year Mortgage Drops to 6.56 Percent in Late August, Lowest Since October 2024
U.S. mortgage rates eased slightly this week, reaching their lowest level in nearly 10 months, a development that could provide some relief to homebuyers after two years of elevated borrowing costs.
Investors Maintain Elevated Role in U.S. Housing Market Despite Slight Pullback
Investor activity in the U.S. housing market softened slightly in the second quarter of 2025 but remains elevated relative to historical norms, according to new data by Cotality, a global property analytics firm.
Pending Home Sales Show Mixed Signals as U.S. Buyers Remain Cautious
Pending home sales edged down in July 2025, signaling continued buyer caution despite modest improvements in mortgage rates and inventory, according to the National Association of Realtors (NAR). Contracts for existing homes fell 0.4% from June but were 0.7% higher than a year earlier, NAR's Pending Home Sales Report showed.
Canadian Home Sales Extend Recovery in July
According to the Canadian Real Estate Association (CREA), Canadian home sales rose 3.8% month-over-month in July 2025, marking a fourth consecutive monthly increase and extending a post-inflation crisis rebound that has now lifted transactions 11.2% since March.
North America Residential Property News
Los Angeles Area Wildfires Destroyed Nearly $52 Billion in Homes Last January
Posted on July 30, 2025
Greater Palm Beach Area Residential Sales Slip in June Amid Growing Inventory
Posted on July 29, 2025
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