US Pending Home Sales Gauge Slumps in April to Four-Year Low –Bloomberg News
Bloomberg News A gauge of pending U.S. existing-home sales tumbled to a four-year low in April as higher mortgage rates cast a pall on the spring selling season. An index of contract signings from the National Association of REALTORS® dropped 7.7% to 72.3, the lowest reading since the early months o
Instant Reaction: Mortgage Rates, June 6, 2024
Facts: The 30-year fixed mortgage rate from Freddie Mac eased slightly to 6.99% over the last week from 7.03%. At 6.99%, with 20% down, a mortgage payment on the median-priced existing home of $400,000 is $2,127. In the most expensive MSA of San Jose-Sunnyvale-Santa Clara, CA (median price of $1,840
May 2024 Commercial Real Estate Market Insights
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