The National Association of Home Builders (NAHB) reports that rising mortgage rates and persistent affordability challenges kept many potential homebuyers on the sidelines in October 2024.
All four major U.S. regions experienced month-over-month gains in transactions, with the Northeast leading the way. Year-over-year, contract signings increased in all four U.S. regions, led by the West.
Veteran media and real estate technology entrepreneur Michael Gerrity announced this week the expansion of his emerging direct-to-consumer global real estate streaming platform's video category offerings ahead of its anticipated 2025 launch.
U.S. homebuyers are finding more leverage in negotiations nationwide as competition eased in October 2024. The company's market heat index shows that conditions are gradually shifting toward a buyer's market as activity slows heading into winter.
Posted on October 25, 2024
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