According to the California Association of Realtors, the pace of home sales in California in March 2023 decreased 1. 0% on a monthly basis from 284,010 in February 2023, but down 34. 2% from a year ago, when 427,040 revised homes were sold on an annualized basis.
Builders remained cautiously positive in April as limited resale inventories helped boost construction demand in the new home market, even as the industry continues to face construction issues.
The Miami Association of Realtors reports this week that general residential sales in the greater Miami area declined 36. 2% year-over-year in March 2023, from a high of 3939 overall transactions in March 2022 to 2513 in March 2023.
According to Freddie Mac’s most recent number one loan market survey as of April 20, 2023, the U. S. Fixed Rate Loan (FRM) is in the strongest possible position. The U. S. 30-year U. S. average averaged 6. 39%.
According to new knowledge from the National Association of Realtors, existing home sales declined in March 2023. Monthly sales declined in 3 of the top 4 U. S. regions. Sales in the U. S. remained flat, while sales in the Northeast remained stable. -Annual decreases.
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