World News
Greater Orlando Area Home Sales Continue to Slide in October
According to new data from the Orlando Regional Realtor Association (ORRA), listings inventory for October 2024 totaled 11,357, marking a 1.8% decline from September's 11,560 listings.
U.S. Mortgage Credit Availability Increased in October
According to the Mortgage Credit Availability Index (MCAI) report by the Mortgage Bankers Association, which analyzes data from ICE Mortgage Technology, U.S. mortgage credit availability increased in October 2024.
U.S. Mortgage Rates Remain Stubbornly High Post Election, Rate Cuts
Based on Freddie Mac's latest Primary Mortgage Market Survey (PMMS), the 30-year fixed-rate mortgage (FRM) averaged 6.78 percent as of November 14, 2024.
Construction Input Prices Continue to Rise in October
Construction input prices rose by 0.3% in October 2024 compared to the previous month, according to an analysis by Associated Builders and Contractors of Producer Price Index data from the U.S. Bureau of Labor Statistics
Tech, AI Industries Drive Largest Share of Office Leasing Activity in U.S.
CBRE's latest Tech-30 report shows that the tech industry boosted its share of U.S. office leasing to 18% in the first three quarters of this year, partly fueled by companies involved in artificial intelligence (AI).
