From the NAR:
Pending Home Sales Edged Up 0.6% in August
Pending home sales in August rose 0.6%, according to the National Association of REALTORS®. The Midwest, South and West posted monthly gains in transactions, while the Northeast recorded a loss. Year-over-year, the West registered growth, but the Northeast, Midwest and South declined.
The Pending Home Sales Index (PHSI)* – a forward-looking indicator of home sales based on contract signings – increased to 70.6 in August. Year over year, pending transactions were down 3.0%. An index of 100 is equal to the level of contract activity in 2001.
“A slight upward turn reflects a modest improvement in housing affordability, primarily because mortgage rates descended to 6.5% in August,” said NAR Chief Economist Lawrence Yun. “However, contract signings remain near cyclical lows even as home prices keep marching to new record highs.”
The Northeast PHSI diminished 4.6% from last month to 61.6, a drop of 2.2% from August 2023. The Midwest index intensified 3.2% to 70.0 in August, down 3.6% from one year ago.
The South PHSI grew 0.1% to 83.6 in August, receding 5.3% from the prior year. The West index increased 3.2% in August to 58.0, up 2.7% from August 2023.
“In terms of home sales and prices, the New England region has performed relatively better than other regions in recent months,” Yun said. “Contract signings rose in both the most affordable and most expensive regions – the Midwest and West, respectively – because mortgage rates have fallen nationally. Housing affordability will continue to see notable improvements.”
“The Federal Reserve does not directly control mortgage rates, but the anticipation of more short-term interest rate cuts has pushed long-term mortgage rates down to near 6% in late September,” added Yun. “On a typical $300,000 mortgage, that translates to approximately $300 per month in mortgage payment savings compared to a few months ago.”
Phirst
Talk Tuah. #2 Podcast in America. Learn what American women think is important to know today! NSFW
https://www.youtube.com/watch?v=1J6VVBoKtVk
Trump is an eejit, but a smarter one than Kamala who lets Zelensky pull her strings like a puppet.
She will step over homeless vets while carrying bags of American taxpayer dollars to put in Zelensky’s hands. She is a traitor to the American soldier.
But hey, it’s not like she has ever signed up for duty or Selective Service. Just like that Danish Dame.
Zelensky Cuts Off Trump After He Boasts About Relationship With Putin: ‘I Hope We Have More Good Relations’
‘murica. New “fear” unlocked. College education finances unlocked as well.
Hey, beats working for a livin’
Hehe.
A woman and her husband are suing American Dream Mall in East Rutherford and some of its business partners after she says she was run over by a motorized animal while holding her baby in the Summer of 2023.
Jia Li, a Millburn resident, was walking through the mall holding her baby when she was “suddenly and violently” struck from behind by a person operating a motorized version of a plush animal on Sunday, July 9, 2023.
Li’s husband, Bo Hu, said he suffered the loss of his services and companionship of his wife as a result of the incident, according to the lawsui
Florida republicans now asking for federal government Marxist socialism for taxpayers pay for their flood damage.
Ted Cruz voted against federal
Government relief for NJ during Hurricane Sandy
“ FLORIDA
DeSantis voted against Sandy aid a decade ago. Now his state needs the help.”
Capitalism for NJ.
Marxist Socialism for Florida on the back of taxpayers
“On a typical $300,000 mortgage, that translates to approximately $300 per month in mortgage payment savings compared to a few months ago.”
Sorry, the house price will just increase as the 30-year rate lowers a bit. Gone are the days of a buyers market. House ownership is what owning a Mercedes Benz used to be.
VSG
That’s very smart on his part. He never has to pay, those cheap azz Boomers (type that wouldn’t fix their condos) will vote for him, and at the end of the day, our weak azz government that hands out dollars to everyone not deserving (like Ukraine, the bankers, the insurance companies) will do what they always do.
Florida will get it’s money no matter what. Just like when the Cretin Obama bailed out the banks.
We live in the land of supporting our defective children.
Religion:
https://www.reddit.com/r/CrazyFuckingVideos/comments/1fr170z/what_is_really_crazy_is_the_amount_of_people_who/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button
And now, a message from the Haitian President:
https://www.youtube.com/watch?v=8EX-Tr1eiYU
Who was more ‘brilliant’, Cumella’s handlers suggesting she visit the border or Cumella actually visiting the border? You thought Joe was a mess of an administration? Cumella is saying, “Hold my beer.”
Speaking of brilliant, ICE released the number of violent felons who crossed the border illegally as Cumella’s plane touched down in Arizona: 13,000 murderers, 16,000 rap1sts and 452,000 offenders overall roaming among us. That’s the ones ICE knows about, not the totals overall.