The WPJ

Memphis

U.S. Home Sales Slide 15 Percent Annually in October

Among the four major U.S. regions, sales slid in the Northeast, South and West but were unchanged in the Midwest. All four regions experienced year-over-year sales declines.

Multifamily Apartment Rent Growth in U.S. Slows in Q3

According to CBRE's latest research, the U.S. multifamily market continued to see healthy demand in the third quarter of 2023, though rent growth slowed from previous highs.

One-Third of U.S. Home Sellers Give Concessions to Buyers

Based on new data from Redfin, U.S. home sellers gave concessions to buyers in 35% of U.S. home sales during the three months ending Oct. 31, 2023. That's about the same as one year earlier, but up from 27.6% from two years ago.

Over 80 Percent of U.S. Metros Experienced Home Price Increases in Q3

According to the National Association of Realtors' latest quarterly report, more than 80% of metro markets (182 out of 221) posted home price gains in the third quarter of 2023 as the 30-year fixed mortgage rate ranged from 6.81% to 7.31%.

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