Des Moines

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.

Pandemic Boomtowns Like Phoenix, Miami Now Have Highest Inflation Rates in Q3

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

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.

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