NAR: Nov. Pending Home Sales Down 2.2%
The drop reverses an increase in Oct. NAR Economist Yun attributes it to a tight inventory supply and buyer hesitation over rising home prices.
Dec. Consumer Confidence: Americans More Optimistic
While attitudes about the current economy dropped slightly, consumers seem to think the future is brighter with the Expectations Index rising 6.7 points.
Community Mourns Realtor Shot in S. Fla.
On Dec 23, a Coral Springs agent was killed inside her car near a house she was showing. The killer, a former tenant, allegedly mistook her for the landlord.
‘First-Time Buyer’ Season 2 Out Now
The NAR-produced TV show that focuses on the challenges and joys exhibited by first-time homebuyers, and its second season debuted recently on Hulu.
Inflation Pushing 1 in 4 Buyers to Accelerate Plans
Inflation is weighing on buyer decisions, according to a study. While 24% now plan to move faster, 1 in 10 have canceled plans and 29% have decided to delay.
Case-Shiller: Home Prices Surge 18.4% in Oct.
The 20-city home price index climbed 18.4% in Oct. year-to-year – though the pace of that rise is down a bit from Sept.’s 19.1% year-over-year increase.
Fla.’s Nov. Sales: Single-Family Up, Prices Up
Florida Realtors: Condo sales dropped slightly year-to-year, single-family home sales and pending sales rose in Nov. Prices rose more than 19% for both.
Mortgage Rates End 2021 Slightly Higher: 3.11%
One week earlier, a 30-year, fixed-rate mortgage averaged 3.05%; a year ago, it averaged 2.67%. Most economists predict more slight rises in 2022.
NAR: Existing Home Sales Rose 1.9% in Nov.
It’s the third straight month for increased sales. However, prices jumped 13.9% higher year-to-year as the inventory of for-sale homes decreased 13.3%.