United States
Real Estate News

Architecture Billings Index in U.S. Remains Flat in July

Architecture Billings Index in U.S. Remains Flat in July

According to a new report released today from The American Institute of Architects, U.S. demand for design services in July 2019 remained essentially flat in comparison to the previous month. Read More »


U.S. Home Sales Uptick in July

U.S. Home Sales Uptick in July

Existing-home sales in the U.S. strengthened in July 2019, a positive reversal after total sales were down slightly in the previous month. Although Northeast transactions declined, the other three major U.S. regions recorded sales increases, including vast growth in the West last month. Read More »

Detroit Tops List of Most Affordable U.S. Cities for Middle-Class

Detroit Tops List of Most Affordable U.S. Cities for Middle-Class

A typical family in the San Francisco area would need to nearly triple their annual income to comfortably purchase a median-priced home. In stark contrast, the typical family in Detroit earns more than twice as much as they'd need to afford a median-priced home. Read More »

Builder Confidence Upticks as Interest Rates Move Lower in U.S.

Builder Confidence Upticks as Interest Rates Move Lower in U.S.

According to the National Association of Home Builders, U.S. builder confidence in the market for newly-built single-family homes rose one point to 66 in August 2019, based on the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released this past week. Read More »


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Global Property Spotlight

The Landings - (St. Lucia, West Indies)

The Landings - (St. Lucia, West Indies)

While investors in Sunbelt real estate have watched their property values slip and slide over the past year, those who discovered the tiny island of St. Lucia have smiles on their faces. Read More »

Last Updated August 22, 2019 9:02 AM ET

United States Property News

According to Freddie Mac's latest Primary Mortgage Market Survey for mid-August 2019, the 30-year fixed-rate mortgage rate in the U.S. averaged 3.60 percent, unchanged from last week.

The changes, many of which NAR has championed for over a decade, should yield thousands of new homeownership opportunities and help alleviate affordability restraints impacting markets across the country.

Orlando's housing market enjoyed year-over-year increases of more than 5% in both median price and sales in July 2019, while inventory continued its steady upward trek and increased more than 6% compared to July of last year.

Knight Franks' latest Prime Global Cities Index, which tracks the movement in luxury residential prices across 46 International cities, increased by 1.4% in the year to June 2019, up marginally from 1.3% in March 2019 but still significantly lower than its four-year average of 3.8%.

According to the California Association of Realtors, higher home prices negated low interest rates and further reduced Californians' ability to purchase a home in the second quarter of 2019.

According to ATTOM Data Solutions newly released Q3 2019 Vacant Property and Zombie Foreclosure Report, there are over 1.5 million (1,530,563) U.S. single-family homes and condos vacant in the third quarter of 2019, representing 1.6 percent of all homes.

The Miami Association of Realtors is reporting this week that Palm Beach County single-family home sales and median prices rose in 2Q 2019.

As the U.S. hurricane and fire season come into full swing, new research from Zillow reports half (50%) of residents of major U.S. metro areas believe climate change will affect their homes or communities within their lifetime.

Property broker Redfin is reporting this week that the average U.S. sales price for luxury homes nationwide increased 1 percent year over year to $1.64 million in the second quarter of 2019. This marks a modest return to the trend of rising luxury home prices

According to the Greater Las Vegas Association of Realtors, local home prices continue to be higher in July 2019 than they were a year ago, but not by much.

According to the Miami Association of Realtors, Miami-Dade County existing home sales and median sale prices increased year-over-year in 2Q 2019.

The Mortgage Bankers Association is reporting that U.S. mortgage credit availability decreased in July 2019, according to their most recent Mortgage Credit Availability Index (MCAI).

According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage rate in the U.S. averaged 3.60 percent in the first week of August 2019, the lowest it has been since November 2016.

According to the National Association of Realtors, most metro U.S. areas saw price gains under marginal inventory growth in the second quarter of 2019.

According to Transwestern's recently released national office report reflects resilience in U.S. market fundamentals, even in the face of the moderating pace of U.S. economic growth demonstrated by net job creation averaging 172,000 per month for the first half of the year.

According to research from CBRE, commercial real estate lending activity gained traction in the second quarter of 2019 following a brief pause at the start of the year amid financial market volatility.

According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending August 2, 2019, U.S. mortgage applications increased 5.3 percent from one week earlier.

Home prices rose both year over year and month over month. Home prices increased nationally by 3.4% from June 2018. On a month-over-month basis, prices increased by 0.4% in June 2019.


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