October Existing Home Sales: Mortgage Rate Swings Extend Home Sales Decline
Existing home sales dropped again in October after a spike in mortgage rates caused both supply and demand to pull back.
Renters Offered More Concessions as Market Stabilizes
Rents are rising, but landlords and property managers are offering more sweeteners to entice tenants
With a large number of homes still under construction and more new home completions, builders grew increasingly cautious as mortgage rates soared to a 23-year high.
New Listing Improvement Held in October, Helping to Cool Competition (October 2023 Market Report)
New listings have trended closer to pre-pandemic norms so far this fall