NAR: Existing-Home Sales Receded 4.1% in Oct.

Total sales fell 14.6% year-over-year. Single-family home sales were down 4.2% month-to-month and down 14.6% year-over-year. Single-family median price was $396,100.

NAR Installs 2024 Leadership

Tracy Kasper is now officially installed as NAR’s 2024 president, and Eric Sain, Florida Realtors’ 2019 president, is NAR’s 2024 VP of association affairs.

Citizens Tops 1.344M Policies

Nearly 6,000 policies were added last week. But that number could drop as 7 insurers were approved to assume as many as 202K policies from Citizens this week.

Multifamily Developer Confidence Weak in 3Q

NAHB: Attitudes about current production conditions for multifamily housing ranked low, while attitudes about occupancies in existing apartments rated highly positive.