Reef Daily | November 27 2024

Updates on mortgage rates, notable transactions, and market indicators.

Reef Daily | November 27 2024

Updates on mortgage rates, notable transactions, and market indicators.

Reef Daily Newsletter (Nov 26, 2024): U.S. house prices rose 4.3% YoY in Q3, while new home sales declined to 610K units. Miami leads metro gains at 10.8%, mortgage rates climb to 7.03% for 30-year fixed. Notable industrial leases in South Carolina's Upstate region signal continued commercial activity.

November 25 2024

Latest real estate updates: Palm Springs sees 8.7% YOY drop in median home prices, while Tampa plans new 262K sq ft industrial complex. Mortgage rates climb with 30-year fixed at 6.98%. Notable $8M land acquisition by Foundry Commercial signals industrial market strength. Coachella Valley inventory rises but remains below pre-pandemic levels. Daily market insights and regional trends for November 25, 2024.

November 23 2024

The latest real estate market data shows inventory levels tightening to 719,055 homes nationwide, though remaining significantly higher than 2023 levels. Mortgage rates have stabilized with 30-year fixed rates at 7.048%, while Fannie Mae adjusts their 2025 forecast to 6.30%. Notable commercial activity includes major industrial transactions in Spartanburg and Greenville, with QualFlex Technologies securing nearly 80,000 square feet. New listings showed positive momentum with 53,220 properties added this week, marking a 9.5% increase from the same period last year. Price adjustments remain a key market feature, with 39.1% of listings seeing reductions, reflecting ongoing market normalization.

November 23 2024

The latest real estate market data shows inventory levels tightening to 719,055 homes nationwide, though remaining significantly higher than 2023 levels. Mortgage rates have stabilized with 30-year fixed rates at 7.048%, while Fannie Mae adjusts their 2025 forecast to 6.30%. Notable commercial activity includes major industrial transactions in Spartanburg and Greenville, with QualFlex Technologies securing nearly 80,000 square feet. New listings showed positive momentum with 53,220 properties added this week, marking a 9.5% increase from the same period last year. Price adjustments remain a key market feature, with 39.1% of listings seeing reductions, reflecting ongoing market normalization.