Tag: Real estate market
Record-low Pending Home Sales in January
In January, pending home sales hit record lows due to a combination of high mortgage rates and soaring home prices. The National Association of Realtors reported a 4.6% drop in signed contracts for existing...
January Home Sales Decline Amid Record High Prices
The latest data on January home sales paints a challenging picture for the U.S. housing market. Despite a slight uptick in sales compared to the previous year, the numbers are still hovering at a...
December Pending Home Sales Plummet as Mortgage Rates Exceed 7%
December Pending Home Sales Plummet as Mortgage Rates Exceed 7%In a surprising turn of events, signed contracts on existing homes took a steep nosedive in December, plummeting by 5.5% from the previous month and...
Office Demand in New York City Returns to Normal Levels
Demand for office space in New York City has surged back to pre-pandemic levels, signaling a significant shift in the city's economic landscape. The Empire State Building, the Chrysler Building, and One Vanderbilt stand...
U.S. Mortgage Rates Near 7%: Impact on Housing Market
U.S. Mortgage Rates Near 7%: Impact on Housing MarketMortgage rates in the United States have reached a near 7% high, sending shockwaves throughout the housing market. The surge in interest rates is leaving potential...