Jackson Real Estate News
Jackson
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.
U.S. Labor Day Weekend Travel To Uptick in 2023
Based on new projections by AAA booking data for flights, hotels, rental cars, and cruises shows Labor Day weekend travel in 2023 is up over last year: domestic bookings are up 4% and international bookings are up 44%.
U.S. Builder Confidence Falls in August, Driven by Rising Mortgage Rates
The National Association of Home Builders is reporting this week U.S. builder confidence retreated in August 2023 as rising mortgage rates and stubbornly high shelter inflation have further eroded housing affordability and put a damper on consumer demand.
Mortgage Applications Dip in Late July
According to data from the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending July 28, 2023, U.S. mortgage applications decreased 3.0 percent from one week earlier.
