Dulles Real Estate News
Dulles
U.S. Pending Home Sales Fall to All-time Low in May
According to the National Association of Realtors, U.S. Pending home sales in May slipped 2.1 percent. The Midwest and South posted monthly losses in transactions while the Northeast and West recorded gains. Year-over-year, all U.S. regions registered reductions.
U.S. Mortgage Applications Dive 7 Percent in Mid-October
According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending October 13, 2023, U.S. mortgage applications decreased 6.9 percent from one week earlier.
U.S. Mortgage Originations Predicted to Hit $1.95 Trillion in 2024
According to the Mortgage Bankers Association, total U.S. mortgage origination volume is expected to increase to $1.95 trillion in 2024 from the $1.64 trillion expected in 2023.
Office Conversions on Pace to Double in U.S.
According to global property consultant CBRE, U.S. office conversions are on pace to more than double their recent annual average this year, with momentum picking up due to increased incentives and other support from state and local governments.
