Indianapolis Real Estate News
Indianapolis
U.S. Home Sales Dip 15 Percent Annually in August
Existing-home sales moved lower in August 2023. Among the four major U.S. regions, sales improved in the Midwest, were unchanged in the Northeast, and slipped in the South and West. All four regions recorded year-over-year sales declines.
Mortgage Applications Uptick in U.S. Amid High Rates
According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending September 15, 2023, U.S. mortgage applications increased 5.4 percent from one week earlier. Last week's results included an adjustment for the Labor Day holiday.
Home Purchase Cancellations Accelerating in the U.S.
According to national property broker Redfin, residential real estate deals are falling through at the highest rate in almost a year as high mortgage rates give homebuyers sticker shock.
Investor Home Buying Dives 45 Percent Annually in the U.S.
Based on a new report by national property broker Redfin, investor home purchases fell 45% from a year earlier in the second quarter of 2023, outpacing the 31% drop in overall home sales.
