Pending Home Sales Up 0.9% in July
The National Association of Realtors is reporting that pending home sales were up 0.9% in July, 2023. Click here to read more.
FHFA Says Q2 Home Prices Up 3% Over Last Year
According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), home prices were up 3% over Q2 2022 though Q2 2023. Click here to read more.
U.S. Construction Spending Up 0.7% in July
The U.S. government is reporting that total construction spending in July, 2023 was at a seasonally adjusted annual rate of $1,972.6 billion, which is 0.7% higher than June’s revised estimate and 5.5% higher than one year ago. Click here to read more.
NAR President Resigns and Other Real Estate Wranglings
On a recent episode of Real Estate News for Investors, Kathy Fettke says like any industry, there are plenty of stories within the real estate world about lawsuits, fraud, and scandalous behavior. Click here to read more.
U.S. Employment Situation – August 2023
According to the U.S. Department of Labor’s Bureau of Labor Statistics, total nonfarm payroll employment increased by 187k, in August 2023, with the unemployment rate rising to 3.8%. Click here to read more.
Zumper’s National Rent Report for August ’23
Rental information site Zumper recently released their latest monthly National Rent Report for August, 2023. Click here to read more.
New Single-Family Home Size Reach Decade Low
Recent analysis from the NAHB’s Eye on Housing shows that for new single family homes, the median single-family square floor area declined to 2,191 square feet, the lowest reading since the end of 2010. Click here to read more.
Monthly Cost of Buying vs. Renting a House in America
Infographic: Today’s graphic from the Visual Capitalist says the U.S. has witnessed the biggest numerical gap in 50 years between the cost of renting or owning a home. Click here to read more.