Newark Real Estate News
Newark
Growing Share of U.S. Listings Going Stale As Multiple Housing Markets Cool
According to national property broker Redfin, the share of U.S. homes that were listed for 30 days or longer without going under contract increased 12.5% in July 2022 from a year earlier.
Mortgage Credit Availability Dips in the U.S.
Based on a new report from the Mortgage Bankers Association, that analyzed data from ICE Mortgage Technology, U.S. mortgage credit availability decreased in July 2022.
Nonresidential Construction Spending Falls 0.5 Percent in the U.S.
According to the Associated Builders and Contractors trade association's analysis of data published by the U.S. Census Bureau, national nonresidential construction spending was down by 0.5% in June 2022.
Pending Home Sales in America Fall 8.6 Percent in June
According to the National Association of Realtors, pending home sales decreased in June 2022, following a slight increase in May 2022. All four major regions posted month-over-month and year-over-year pullbacks, the largest of which occurred in the West.
