The WPJ

Orlando

Pending Home Sales in U.S. Dip 5 Percent in January

Based on new data from the National Association of Realtors, U.S. pending home sales in January 2024 dropped 4.9%. The Northeast and West posted monthly gains in transactions while the Midwest and South recorded losses. All four U.S. regions registered year-over-year decreases.

U.S. Multifamily Construction Starts to Decline in 2024

According to the National Association of Home Builders, Multifamily starts in the U.S. are predicted to decline in 2024. Meanwhile, the remodeling sector remains on solid ground and will hold steady this year.

Orlando Area Home Sales Slide in January, Eighth Consecutive Month

Based on new data by the Orlando Regional Realtor Association (ORRA), Greater Orlando area residential listings rose 46.3% from December 2023 to January 2024, with 3,524 new homes on the market in January, compared to 2,409 in December.

U.S. Mortgage Rates Uptick in Early February

Based on Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 6.64 percent as of February 8, 2023.

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