United States Real Estate News
United States
New Tariffs on Canada, Mexico to Impact U.S. Homebuilder Input Costs
This week the U.S. imposed 25% tariffs on its North American partners after a 30-day delay, citing insufficient action against drug cartels. Canada and Mexico immediately announced retaliatory tariffs.
U.S. Home Purchase Cancellations Surge, 1 in 7 Sales Getting Canceled
New data from Redfin reveals a growing trend of canceled home purchases across the U.S., with the highest rates in the Southeast. In January 2025, more than 41,000 home-purchase agreements fell through, representing 14.3% of all contracts signed that month.
U.S. Pending Home Sales Hit Historic Low in Early 2025
According to the National Association of Realtors (NAR), pending home sales in the U.S. dropped 4.6% in January 2025. The Midwest, South, and West saw month-over-month declines in transactions, with the South experiencing the steepest drop.
Greater Miami Area Residential Sales Dip in January
According to new data from the Miami Association of Realtors, total residential sales in Miami-Dade County declined by 2.7% year-over-year in January 2025, dropping from 1,414 to 1,376 transactions.
United States Property News
Average Americans Spend 38 Percent of Monthly Income on Mortgage Payments
Posted on February 21, 2025
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