The WPJ

Charlotte

Foreign Investment in U.S. Residential Properties Plummet 21 Percent Over Last 12 Months

According to a new report from the National Association of Realtors, foreign buyers purchased $42 billion worth of U.S. existing homes from April 2023 through March 2024

U.S. Homes Sales Fell to One of Lowest Levels on Record in May

According to Redfin, U.S. home sales fell 1.7% month over month in May 2024 on a seasonally adjusted basis and dropped 2.9% from a year earlier.

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.

All Regions of U.S. Experience Monthly Home Sales Declines in April

According to new data from the National Association of Realtors, existing U.S. home sales declined in April 2024. All four major U.S. regions experienced month-over-month decreases. Yet, year-over-year sales fell in the Northeast, Midwest, and South, but rose exclusively in the West.

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