Author Archives: leonardrealestategroup

PENDING HOME SALES FALL 5.5% DESPITE EASING RATES via realtor.com—Pending home sales dropped 5.5% in July as affordability remained a challenge for homebuyers, despite easing mortgage rates through the month. Pending home sales were 8.5% lower year over year and … Read More

BUYERS TAKE ADVANTAGE OF LOWER RATES via realtor.com—Buyers continue to see growing existing for-sale inventory, but new home inventory dipped this month as buyers returned to the market in the wake of falling mortgage rates. Overall, for-sale inventory hit a … Read More

U.S. FORECLOSURE ACTIVITY RISES via themortgagepoint.com—The U.S. foreclosure market experienced a notable uptick in July 2024, with foreclosure filings increasing by 15% from the previous month, according to the latest report from ATTOM Data, a land, property, and real estate … Read More