The WPJ

Waikiki

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.

47.9 Million Americans Will Travel This July 4th Weekend

This week AAA predicts 47.9 million people will travel 50 miles or more from home over the July 4th holiday weekend (June 30 - July 4). This is an increase of 3.7% over 2021, bringing travel volumes just shy of those seen in 2019.

$683 Billion of U.S. Commercial and Multifamily Mortgages Originated in 2021

According to the Mortgage Bankers Association's 2021 Commercial Real Estate and Multifamily Finance Annual Origination Volume Summation, commercial and multifamily mortgage bankers closed $683.2 billion of loans in 2021.

Covid Driven Vacation Home Boom in America Now Ending in 2022

According to national property broker Redfin, demand for vacation homes in the U.S. has dropped sharply for the second month in a row in March 2022, with mortgage-rate locks for second homes at their lowest level since May 2020.

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