The U.S. Census Bureau and U.S. Department of Housing and Urban Development released residential sales statistics for October 2024, finding that sales for the month were at a seasonally adjusted annual rate of 610,000.
Tag: Odeta Kushi
October Housing Starts Fall
Privately-owned housing starts were at a seasonally adjusted annual rate of 1,311,000, the U.S. Census Bureau and U.S. Department of Housing and Urban Development jointly announced Nov. 19.
BLS: 254,000 Jobs Added in September
The Bureau of Labor Statistics announced 254,000 jobs were added in September, with the unemployment level still relatively flat at 4.1%.
Unemployment Rises to 4.3% in July
Total nonfarm payroll increased by 114,000 in July, per the U.S. Bureau of Labor Statistics. However, the unemployment rate rose to 4.3%.
Odeta Kushi From First American: The Tale of Two Markets Continues…For Now
Even with more existing-home inventory on the market than last year, today’s potential home buyers face one of the least affordable markets in history due to record-high and still-rising home prices and elevated mortgage rates.
Pending Home Sales Drop Again in May
Pending home sales slipped 2.1% in May, the National Association of Realtors reported Thursday.
Odeta Kushi from First American: Twin Market Dynamics Stifling Existing-Home Sales
The housing market is struggling to gain momentum with mortgage rates above their levels from a year ago. Higher rates have a dual impact on sales – pricing out buyers who lose purchasing power and keeping some potential sellers rate-locked in.
Odeta Kushi from First American: Twin Market Dynamics Continue to Stifle Existing-Home Sales
The housing market is struggling to gain momentum with mortgage rates above their levels from a year ago. Higher rates have a dual impact on sales – pricing out buyers who lose purchasing power and keeping some potential sellers rate-locked in.
First American’s Odeta Kushi: Twin Market Dynamics Continue to Stifle Existing-Home Sales
The housing market is struggling to gain momentum with mortgage rates above their levels from a year ago. Higher rates have a dual impact on sales – pricing out buyers who lose purchasing power and keeping some potential sellers rate-locked in.
Jobs Report: 272,000 Added in May
The U.S. Bureau of Labor Statistics announced nonfarm payroll increased by 272,000 and the unemployment rate was at 4% in May.