ly 2022 Existing Home Sales: What Happened This Month: Existing home sales dropped for a sixth month in July, following a sharp June decline in pending home sales and a fifth consecutive month of waning single-family housing starts. July existing home sales were at a pace of 4.81 million, down 5.9% from June and 20.2% from one year ago. […]
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July Highlights Rent Flattens and Year-over-Year Growth Continues to Slide The median rent across the 50 largest metropolitan areas in the United States grew by just $3 from June 2022 into July, reaching $1,879. This sets yet another new high for national rent, breaking the record for the 17th month in a row, but it […]
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What Happened to Mortgage Rates This Week: The Freddie Mac fixed rate for a 30-year loan jumped to 5.55% this week, in the wake of the 10-year Treasury’s strong advance. Investors are parsing through data highlighting a resilient economy, and keeping an eye on Fed Chairman Powell’s statements tomorrow. Expectations are that he will highlight […]
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