WASHINGTON (AP) — Spending on U.S. construction projects fell 1.3% in February with housing and nonresidential construction both showing weakness even before the coronavirus struck with force in the.. SeattlePI.com - Published
Pending home sales in February rose 2.4% from the prior month, increasing for the second consecutive month, according to a report Tuesday from the National Association of Realtors.
The post U.S... HousingWire - Published Also reported by •RTTNews •MarketWatch •SeattlePI.com •Seattle Times
The change came as the result of a weeklong lobbying campaign by Washington Realtors, a statewide industry group with clout in Olympia, which told members that "our staff has been meeting two to three.. Seattle Times - Published
BALTIMORE (AP) — Americans signed more contracts in February to buy homes, but the gains are likely relics of a moment before the coronavirus outbreak sent the U.S. economy spiraling into a likely.. SeattlePI.com - Published Also reported by •Seattle Times
Here's what you need to know before the markets open.
1. *'The pain looks far from over': Stocks whipsaw as oil plunges to 17-year low on coronavirus fears*. "Sheer economic shock is about to.. Business Insider - Published
U.S. mortgage rates dropped significantly following three weeks of increases, according to Freddie Mac. The 30-year fixed mortgage rate averaged 3.50 percent for the week ending March 26 — a decline.. bizjournals - Published
It's been a crazy decade for Seattle real estate with 2019 as a crazy end. One of the most news-worthy feats for the Emerald City: 11 homes in the metro are sold for over $10 million dollars, and the.. SeattlePI.com - Published
A south Charlotte home that sold for $4 million in February logged in as Mecklenburg County's priciest residential sale of the month. That home on Baltusrol Lane in the exclusive Quail Hollow.. bizjournals - Published
Business events scheduled for the coming week.
All times are Eastern.
MONDAY, March 30
WASHINGTON — National Association of Realtors releases pending home sales index for February, 10.. SeattlePI.com - Published Also reported by •Seattle Times
Sales of new U.S. single-family homes fell in February after surging in the prior month, and could decline further because of the coronavirus pandemic which is boosting unemployment and severely.. Reuters - Published
After reporting a jump in U.S. new home sales in the previous month, the Commerce Department released a report on Tuesday showing home sales pulled back sharply in the month of February. The Commerce.. RTTNews - Published
The four priciest homes sold in the Triangle in the last 12 months (March 2019 through Feb. 2020) each fetched at least $3 million, with the top one surpassing the $4 million mark. The average sales.. bizjournals - Published
The Seattle-based online home sales giant said it was making the move "to help protect the safety and health of its employees, customers and partners" amid the coronavirus pandemic. Seattle Times - Published
The top home sale in the Valley during February was from the state's chief executive. Subscribers can check out a list of the top 10 highest-priced homes sold that month, including the buyer and.. bizjournals - Published
U.S. mortgage rates have continued to rise, after hitting their lowest rate in nearly 50 years, according to Freddie Mac. The 30-year fixed mortgage rate averaged 3.65 percent for the week ending March.. bizjournals - Published
A look at some of the key business events and economic indicators upcoming this week:
SPOTLIGHT ON HOUSING
The Commerce Department issues its February tally of new home sales Tuesday.
Sales.. SeattlePI.com - Published Also reported by •Seattle Times
LOS ANGELES (AP) — Economic and housing market trends at the start of the year both favored U.S. homebuilders’ prospects for solid sales in 2020.
Sales of new homes rose by the fastest pace in.. SeattlePI.com - Published
NEW YORK (AP) — Stocks that moved heavily or traded substantially on Friday:
MGM Resorts International, up $1.41 to $9.11.
Travel and tourism shares climbed as Congress worked on a stimulus.. SeattlePI.com - Published
U.S. home sales surged to a 13-year high in February, but the housing market recovery is likely to be derailed by the coronavirus pandemic, which has unleashed a wave of layoffs and left the economy.. Reuters India - Published Also reported by •Reuters
We recently asked area residential real estate firms to submit their five biggest sales of 2019 as part of our List coverage. For a look at those homes with photos — either submitted by firms or.. bizjournals - Published
U.S. existing-home sales rose in February, increasing 6.5% from the previous month’s pace, according to the National Association of Realtors.According to Lawrence Yun, NAR’s chief economist,.. HousingWire - Published