The National Association of Realtors is reporting that pending home sales were up 8.1% in January, 2023 – two months in a row. The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) increased to 82.5 in January. The NAR says buyers are responding to better affordability from falling mortgage rates in December & January. Continue reading HERE...
Bloomberg Law has reported that a federal judge in Texas has issued a preliminary injunction against the Biden administration’s waters of the US rule (aka WOTUS). However, the injunction only applies
The U.S. government is reporting that privately‐owned housing starts in February were at a seasonally adjusted annual rate of 1,450,000, which is 9.8% higher than January’s revised number but is 18.4%
According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents were $1,702 in February, the same as January’s figure. Yardi says year-over-year growth continued its downw