Albuquerque Real Estate News
Albuquerque
Total U.S. Commercial Mortgage Debt Rises to $4.7 Trillion in Q1
Based on the Mortgage Bankers Association's latest Commercial / Multifamily Mortgage Debt Outstanding quarterly report, the level of commercial and multifamily mortgage debt outstanding in the U.S. increased by $40.1 billion (0.9 percent) in the first quarter of 2024.
Homebuilder Confidence in the U.S. Drops to 2024 Low in June
Based on the latest National Association of Home Builders / Wells Fargo Housing Market Index, U.S. home builder confidence in the market for newly built single-family homes was 43 in June 2024, down two points from May 2024. This is the lowest reading since December 2023.
U.S. Mortgage Rates Dip Below 7 Percent, First Time in 5 Weeks
Based on Freddie Mac's latest Primary Mortgage Market Survey for the week ending May 23, 2024, the 30-year fixed-rate mortgage averaged 6.94 percent.
Record High Monthly Housing Payments Put Chill in U.S. Spring Selling Season
Based on new data from Redfin, the median U.S. monthly housing payment hit an all-time high of $2,894 during the four weeks ending May 5, 2024, up 14% from a year earlier, and home prices rose 4.5% to their own record high.
