Based on new data by Kate Everett-Allen, head of international residential research at Knight Frank, despite 2 regional wars, rising mortgage rates and inflation, global economies have displayed surprising resilience, with recent inflation figures suggesting a turning point.
National property broker Redfin says there are new signs pointing to a shift toward a buyer's market in 2024, as pandemic-driven inflation takes its last gasps, mortgage rates come down and more people list their homes for sale.
According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending December 1, 2023, U.S. mortgage applications increased 2.8 percent from one week earlier.
Based on new data from the California Association of Realtors, California home sales were essentially flat in October 2023, as the cost of borrowing remained elevated and housing inventory continued to be tight.
Based on ATTOM's newly released its third-quarter 2023 U.S. Residential Property Mortgage Origination Report, 1.54 million U.S. mortgages secured by residential property (1 to 4 units) were issued in the United States during the third quarter, representing a 3 percent decline from the prior three-month period.