New Jersey, Illinois, Delaware, and inland California continued to have the highest concentrations of the most-at-risk markets in the country, with the biggest clusters in the New York City, Chicago and Philadelphia areas. Southern and Midwestern states remained less exposed.
According to the National Association of Realtors, U.S. pending home sales slid for the fifth consecutive month in October 2022. Three of four U.S. regions recorded month-over-month decreases, and all four regions recorded year-over-year declines in transactions.
The latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported this week a 10.6% annual gain in September 2022, down from 12.9% in the previous month.
Based on a new survey by Zillow Home Loans finds prospective U.S. home buyers spend about as much time researching their next TV purchase and more time researching their next vacation or car purchase than they do their mortgage lender.
According to CBRE's annual Holiday Retail Trends Guide, U.S. retailers have applied lessons learned from the past two years of pandemic-influenced shopping patterns to position their stores and e-commerce operations for this year's holiday season.
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