The WPJ

Philadelphia

New Home Sales Hit 2 Year Low in America

The National Association of Home Builders (NAHB) reports that rising mortgage rates and persistent affordability challenges kept many potential homebuyers on the sidelines in October 2024.

80 Million Americans to Hit the Road, Skies and Seas for 2024 Thanksgiving Holiday

AAA estimates that 79.9 million people will travel 50 miles or more from home during the Thanksgiving holiday period. For the first time, the forecast includes the Tuesday before and the Monday after Thanksgiving Day, offering a more comprehensive view of holiday travel patterns.

Home Buyers Negotiation Power Grows Amid Cooling U.S. Market

U.S. homebuyers are finding more leverage in negotiations nationwide as competition eased in October 2024. The company's market heat index shows that conditions are gradually shifting toward a buyer's market as activity slows heading into winter.

U.S. Mortgage Credit Availability Increased in October

According to the Mortgage Credit Availability Index (MCAI) report by the Mortgage Bankers Association, which analyzes data from ICE Mortgage Technology, U.S. mortgage credit availability increased in October 2024.

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