Savannah Real Estate News
Savannah
U.S. Home Sales Slightly Upticked in May
According to the National Association of Realtors existing-home sales marginally increased in May 2023. Sales were mixed among the four major U.S. regions, with the South and West posting improvements and the Northeast and Midwest experiencing pullbacks. All four regions experienced year-over-year sales declines.
Investor Home Flipping Profits Remain at 10-Year Lows in Q1
According to ATTOM's first-quarter 2023 U.S. Home Flipping Report, 72,960 single-family homes and condominiums in the United States were flipped in the first quarter. Those transactions represented 9 percent of all sales.
Lack of Existing Inventory Boosts U.S. Builder Confidence in May
The National Association of Home Builders reported this week that limited existing U.S. housing inventory, which has put a renewed emphasis on new construction, resulted in a solid gain for builder confidence in May 2023.
U.S. Mortgage Rates Continue to Climb in Late April
Based on Freddie Mac's latest Primary Mortgage Market Survey as of April 20, 2023, the U.S. 30-year fixed-rate mortgage (FRM) averaged 6.39 percent.
