Pending Home Sales Jump 7.5% in October

Mon, 29 Nov 2021 14:25:44 +0000

Pending home sales activity rose month-over-month in each of the four major U.S. regions. On a year-over-year basis, however, transactions were split, as the Northeast and West reported drops and the Midwest and the South posted gains.

October 2021 Existing-Home Sales Rise Modestly

Wed, 24 Nov 2021 15:45:09 +0000

Housing market activity in October fell 0.8% from September 2021, with existing-home sales reaching a 6.34 million seasonally adjusted annual rate.

October 2021 Realtors® Confidence Index Report: First-time Buyers Struggle to Compete Against Cash, Investor, and Vacation Home Buyers

Mon, 22 Nov 2021 19:35:29 +0000

First-time buyers continue to struggle to compete with cash and non-primary residence buyers, according to the October 2021 REALTORS® Confidence Index report.

Existing-Home Sales Inch Up 0.8% in October

Mon, 22 Nov 2021 14:35:20 +0000

Two of the four major U.S. regions saw month-over-month sales climb, one region reported a drop and the fourth area held steady in October. On a year-over-year basis, each region witnessed sales decrease.

Commercial Weekly: Office Occupancy Recovery Facing Headwinds Due to Working From Home, Smaller Office Spaces, and Lack of Workers

Fri, 19 Nov 2021 20:25:28 +0000

After office occupancy rose by 6 million square feet during 2021 Q3, occupancy fell anew by 2 million square feet as of November compared to 2021 Q3 bringing the total loss in office occupancy to 133 million square feet since 2020 Q2.

October 2021 Foot Traffic

Fri, 19 Nov 2021 15:13:53 +0000

Showings declined in every region: Northeast region (-23%), Midwest (-17%), West (-17%) and South (-12%).

Commercial Weekly: Retail Sales Continue Positive Impact on Retail Space Net Absorption

Thu, 18 Nov 2021 20:36:53 +0000

In October 2021, both consumer confidence and retail sales increased, with consumers indicating they intend to purchase housing, vehicles, and appliances.

Instant Reaction: Mortgage Rates, November 18, 2021

Thu, 18 Nov 2021 16:37:57 +0000

Mortgage rates rose significantly this week, due to inflation that was higher than expected, with the 30-year fixed mortgage rate moving up to 3.10% from 2.98% the previous week.

Strong Potential for Office-to-Housing Conversion of Class B Buildings in Metro Areas Impacted by the Pandemic

Tue, 16 Nov 2021 20:57:24 +0000

Apartment demand is soaring and office vacancy rates have spiked, which has prompted conversion of vacant office buildings into housing, particularly multifamily rental housing or owner-occupied condominiums.

Housing Affordability Conditions Unchanged in September

Tue, 16 Nov 2021 17:16:29 +0000

At the national level, housing affordability was flat in September compared to the previous month, with the monthly mortgage payment falling by 0.7% while the median family income fell modestly by 0.6%.

Lisa Cromwell, REALTOR®
RE/MAX Premier
602 S King St Ste 202
Leesburg, VA 20175
© 2020 Lisa Cromwell, Realtor®
© 2020 Lisa Cromwell, Realtor®
RE/MAX Premier is an independently owned and operated real estate brokerage with five offices throughout Loudoun and Fairfax Counties to better serve you!
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