Analysis and Data
The Democratic U.S. Senator and three of her colleagues are asking the Fed to lower interest rates this week.
While overall pending home sales enjoyed an impressive boost, the Midwest, South, and West regions led the way, while the Northeast experienced a slight setback.
Despite challenges, a busier spring homebuying season is anticipated, with prices continuing to rise steadily.
An estimated 668,000 new homes were sold in 2023.
The profit actually marks the first decline in both gross profits and profit margins since 2011.
Economic growth surpasses forecasts, consumer spending remains strong, and housing market outlook brightens.
Severe winter weather impacted real estate activity, leading to an 8% decline in pending home sales.
The MBA's measures of affordability show slight improvement to close out 2023.
Unusual Sunday month-end contributes to delinquency increase; serious delinquencies dip, foreclosures reach 18-month low, and prepayments rise in housing market.
Homebuyers drive uptick as refinancing activity remains low.