According to CBRE's annual Holiday Retail Trends Guide, U.S. retailers have applied lessons learned from the past two years of pandemic-influenced shopping patterns to position their stores and e-commerce operations for this year's holiday season.
Based on new AAA predictions, 54.6 million people will travel 50 miles or more from home this Thanksgiving holiday in America. That's a 1.5% increase over 2021 and 98% of pre-pandemic volumes. This year is projected to be the third busiest for Thanksgiving travel since AAA started tracking in 2000.
According to national property broker Redfin, pending U.S. home sales fell the most on record in October 2022, while deal cancellations and price cuts hit record highs.
According to the National Association of Realtors, existing-home sales retreated for the ninth straight month in October 2022. All four major U.S. regions registered month-over-month and year-over-year declines.
An overwhelming majority of U.S. metro markets saw home price gains in the third quarter of 2022 despite mortgage rates that approached 7% and declining sales.
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