U.S. Consumer Confidence Down Slightly in April
Americans were slightly less optimistic about current conditions in April, but their attitudes remain more positive about the short-term outlook.
Managing Fla.’s Massive Growth: What’s Next
Fla.’s population may grow by 3.5M residents to reach 26M by 2030. A chamber report predicts 1.6M jobs more will be needed and 3M more cars will be on roads.
Fair Housing Champion Award Winners Named
NAR recognized 4 winners for making a difference in their businesses and communities as they help expand homeownership to buyers of all backgrounds.
New-Home Sales Fall, Buyers Face ‘Sticker Shock’
New-home sales down 8.6% in March; sales are down nearly 13% from a year ago. Only 14% of March’s new-home sales were below $300K; a year ago, it was 34%.
NAR: Pending Home Sales Down 1.2% in March
The index has dropped for 5 straight months; it fell 8.2% year-over-year. Chief Economist Yun: It may signal “calmer and normalized market conditions” soon.
Long-term U.S. Mortgage Rates Edge Down to 5.1%
After 7 weeks of increases, the average rate on a 30-year mortgage dipped to 5.1%; a year ago, it was 2.98%. Last week, it was 5.11% – highest since April 2010.