Homebuyer affordability improved in November, with the national median payment applied for by mortgage applicants decreasing 1.8 percent to $1,977 from $2,012 in October, according to the Mortgage Bankers Association’s Purchase Applications Payment Index.
Existing home sales declined in November, the 10th straight monthly decline, the National Association of Realtors reported Wednesday. All four U.S. regions recorded month-over-month and year-over-year declines.
ATTOM, Irvine, Calif., released its fourth-quarter U.S. Home Affordability Report showing median-priced single-family homes and condos are less affordable compared to historical averages in 99 percent of counties across the nation -- far above the 68 percent of counties that were less affordable a year ago.
Commercial property market supply and demand fundamentals slipped in the third quarter, reported Moody's Investors Service, New York.
The Conference Board, New York, said its monthly Consumer Confidence Index rebounded in December following back-to-back monthly declines, to its highest level since April.