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Existing sales up 23.7% | Pound Ridge Real Estate
NAR released a summary of existing-home sales data showing that housing market activity this January rose modestly 0.6% from December 2020. January’s existing home sales reached a 6.69 million...
View ArticleMortgage rates average 2.96% | Pound Ridge Real Estate
Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 2.96 percent. “Mortgage rates have remained under three...
View ArticleUS housing market is short 5.5 million homes, NAR says | Pound Ridge Real Estate
The National Association of Realtors says the current state of the housing market is absolutely “dire,” the consequence of a housing shortage 30 years in the making. According to the lobbying group,...
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Rent prices up 10.3% | Pound Ridge Real Estate
Asking rents rose by 10.3% year over year in August, marking the first double-digit YOY increase in the history of the Yardi Matrix Multifamily National Report dataset. At the same time, overall rents...
View ArticlePending home sales drop 8% | Pound Ridge Real Estate
Pending home sales take a surprising dip in September Housing activity in the U.S. kicked off the fall season slower than anticipated. Pending home sales, a leading indicator of the health of the...
View ArticleNAR reports existing home sales drop 5.9% YoY | Pound Ridge Real Estate
Existing-home sales fell for the third straight month to a seasonally adjusted annual rate of 5.61 million. Sales were down 2.4% from the prior month and 5.9% from one year ago. With slower demand,...
View ArticleExisting home sales fall 20% | Pound Ridge Real Estate
Existing-home sales sagged for the sixth straight month in July, according to the National Association of REALTORS®. All four major U.S. regions recorded month-over-month and year-over-year sales...
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