North America Residential Real Estate News
North America Residential
Pending Home Sales in U.S. Post Historic Drop in October
According to national property broker Redfin, pending U.S. home sales fell the most on record in October 2022, while deal cancellations and price cuts hit record highs.
Greater Miami Area Condo Sales Dive 35 Percent Annually in October
According to the Miami Association of Realtors, Miami-Dade County residential property sales transactions in October 2022 decreased 30.6% year-over-year, from 2,978 in October 2021 to 2,067 today, because of high mortgage rates, economic uncertainty and low inventory.
U.S. Home Sales Decline for 9 Consecutive Months in October
According to the National Association of Realtors, existing-home sales retreated for the ninth straight month in October 2022. All four major U.S. regions registered month-over-month and year-over-year declines.
Independent Mortgage Banks in U.S. Lost $624 on Each Loan Originated in Q3
Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a net loss of $624 on each loan they originated in the third quarter of 2022, down from a reported loss of $82 per loan in the second quarter of 2022.
North America Residential Property News
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