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.
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 (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.
According to Redfin, the four U.S. metropolitan areas with the highest inflation rates in the third quarter are Covid migration hotspots.
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.
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