According to national property broker Redfin, a record 2% of U.S. homes for sale were delisted each week on average during the 12 weeks ending Nov. 20, compared with 1.6% one year earlier. That share has come down a touch since then, declining to 1.9% during the 12 weeks ending Nov. 27, which include the Thanksgiving holiday.
New Jersey, Illinois, Delaware, and inland California continued to have the highest concentrations of the most-at-risk markets in the country, with the biggest clusters in the New York City, Chicago and Philadelphia areas. Southern and Midwestern states remained less exposed.
According to the National Association of Realtors, U.S. pending home sales slid for the fifth consecutive month in October 2022. Three of four U.S. regions recorded month-over-month decreases, and all four regions recorded year-over-year declines in transactions.
Based on brand new Retail Research by CBRE, Black Friday in the U.S. was off to a better-than-expected start for the 2022 Christmas holiday shopping season.
Based on a new survey by Zillow Home Loans finds prospective U.S. home buyers spend about as much time researching their next TV purchase and more time researching their next vacation or car purchase than they do their mortgage lender.
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