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Baton Rouge

Almost 55 Million People to Travel This Thanksgiving Holiday in America

Based on new AAA predictions, 54.6 million people will travel 50 miles or more from home this Thanksgiving holiday in America. That's a 1.5% increase over 2021 and 98% of pre-pandemic volumes. This year is projected to be the third busiest for Thanksgiving travel since AAA started tracking in 2000.

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.

Home Prices Rose in 98 Percent of all U.S. Metros in Q3

An overwhelming majority of U.S. metro markets saw home price gains in the third quarter of 2022 despite mortgage rates that approached 7% and declining sales.

New Home Construction Sales in Q3 Reached a Record-High in the U.S.

According to national property broker Redfin, twenty-nine percent of U.S. single-family homes for sale in the third quarter of 2022 were new construction - the highest share of any third quarter on record.

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