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U.S. Construction Spending Down 0.4% in July

U.S. Construction Spending Down 0.4% in July The U.S. government is reporting that total construction spending in July, 2022 was at a seasonally adjusted annual rate of $ 1,777.3 billion, which is 0.4% lower than June’s revised estimate but is 8.5% higher than one year ago.  Residential construction came in at a seasonally adjusted annual

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Pending Home Sales Down 1% in July

Pending Home Sales Down 1% in July The National Association of Realtors is reporting that pending home sales were down 1% in July, 2022.  The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) dipped to 89.8.  The NAR once again predicts home sales should start to rise by early 2023.  Indeed…

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Existing Home Sales Drop 5.9% in July

Existing Home Sales Drop 5.9% in July The National Association of Realtors is reporting that existing home sales were down 5.9% in July to a seasonally-adjusted annual rate of 4.81 million (down 20.2% year over year).  Total housing inventory at the end of July was 1,310,000 units, up 4.8% from June and unchanged from one

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Zumper’s National Rent Report for July ’22

Zumper’s National Rent Report for July ’22 Rental information site Zumper recently released their latest monthly National Rent Report showing that their median national rent for 1-bedroom apartments in July, 2022 was $ 1,450 (up 2% from June) and the median two-bedroom rent was $ 1,750 (up 2% from June).  Be sure to check out

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July with Propy

July with Propy July was another busy month here at Propy. We finalized and announced the details of our Elite Pro and Pro Agents Program, announced plans for the Web3 and Real Estate Summit we are hosting in Miami in October, and Propy Title team has completed the traditional sale of the Orlando townhouse that

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