realestate

Existing Home Sales Post First Annual Increase Since 2021

At Calculated Risk Real Estate Newsletter: Almost 20% of Units Started in Q2 Were Built-for-Rent Properties

R
eal Estate Newsletter Articles this Week:

    Existing home sales saw their first year-over-year gain since August 2021, marking a significant shift in the market.

    Key highlights from this week's Calculated Risk Real Estate Newsletter include:

    • In Q2, nearly one-fifth of new construction units were built-for-rent single-family homes.

    • Mortgage delinquencies decreased slightly in Q3 2024, according to the MBA.

    • Local housing markets reported a year-over-year sales gain for the first time since August 2021.

    • Asking rents remained largely unchanged from last year.

    • The ICE Mortgage Monitor noted that annual home price growth slowed for the seventh consecutive month.

    The Calculated Risk Real Estate Newsletter is typically published 4-6 times a week, providing in-depth analysis of the housing market.

Existing home sales rise annually for first time since 2021 nationwide.