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☆ See Timothée Chalamet transform into Bob Dylan in ‘A Complete Unknown’
▼ + stars: | 2024-03-19 | by ( Leah Asmelash | ) edition.cnn.com time to read: +2 min

CNN —After multiple delays in production, the new Bob Dylan biopic has started filming — which means a first look at actor Timothée Chalamet as the legendary folk singer. “This is not Bob Dylan, it’s simply every man who has ever tried to talk to me about Bob Dylan,” wrote author Marissa R. Moss. After first being announced in 2020, production for “A Complete Unknown” experienced numerous lags, from the pandemic to the SAG-AFTRA strike. Still, the movie has retained complete support from Dylan himself, who gave director James Mangold detailed annotated notes on the script. “A Complete Unknown” does not yet have a release date.

Persons: Bob Dylan, Timothée Chalamet, ”, it’s, Marissa R, Moss, Dylan, James Mangold, “ I’ve, ” Mangold, “, Mangold, Woody Guthrie, Chalamet, Austin Butler, ” Dylan, Todd Haynes, Martin Scorsese Organizations: CNN, SAG Locations: New York, “ Elvis

☆ New home sales fell last month as mortgage rates hit 2023 high
▼ + stars: | 2023-11-27 | by ( Anna Bahney | ) edition.cnn.com time to read: +2 min

Washington, DC CNN —New home sales in the United States fell in October as typical mortgage rates reached their highest levels this year. This was below analysts’ expectations of an annualized sales pace of 723,000. The average mortgage rate for that loan has been lower recently, dropping down to 7.29% last week, according to Freddie Mac. New home builders often offer more financing options for homebuyers, she said, and are able to “buy down” mortgage rates to make their offerings more attractive than the resale market. With [mortgage] interest rates anticipated to drop in the coming year, more resale homes may go on the market – however there remains significant pent-up demand from buyers,” Mangold said.

Persons: Freddie Mac, ”, Kelly Mangold, ” Mangold, “ Organizations: DC CNN, US Department of Housing, Urban Development, Census, Federal Reserve, Real Estate Consulting, homebuyers Locations: Washington, United States

☆ US home builders ramped up construction in July, beating expectations
▼ + stars: | 2023-08-16 | by ( Anna Bahney | ) edition.cnn.com time to read: +4 min

Housing starts, a measure of new-home construction, climbed to a seasonally adjusted annual rate of 1.452 million in the month, beating market expectations of 1.448 million, according to data released Wednesday by the Census Bureau. “Buyers embraced new homes in the first half of this year as a welcome alternative to the massive shortage of existing homes,” Ratiu said. The slight increase in starts suggests builders have some optimism, she said, though it remains to be seen what future mortgage rate increases may mean for the market. “In many cases, even repurchasing their same home at today’s mortgage rates would be out of a typical buyer’s price range.”Mortgage rates are hovering around 7% and interested buyer traffic is slowing down for some builders. The National Association of Home Builders/Wells Fargo Housing Market Index, released Tuesday looks at current sales, buyer traffic and the outlook for sales of new construction homes over the next six months.

Persons: George Ratiu, “ Buyers, ” Ratiu, “ Homebuilders, ”, “, eeking, Kelly Mangold, ” Mangold, Alicia Huey, Warren Buffett’s Berkshire Hathaway, LEN, Horton Organizations: DC CNN, Housing, Census, “, West, Real Estate Consulting, National Association of Home Builders Locations: Washington, Midwest, West, Wells Fargo, Lennar

☆ New home sales dropped in June after May’s surge
▼ + stars: | 2023-07-26 | by ( Anna Bahney | ) edition.cnn.com time to read: +4 min

Homeowners with ultra-low mortgage rates are reluctant to sell and buy another home at a much higher mortgage rate. Sales of existing homes have been down for the past few months, while new home sales have been rising. This increase in mortgage rates cooled mortgage applications. New home sales boosted by low inventory of existing homesAlthough sales were down from May, the trajectory of new home sales is generally positive, said Kelly Mangold of RCLCO Real Estate Consulting. By comparison, the inventory of existing homes for sale at the end of June was only a little over 1 million homes.

Persons: Freddie Mac, Kelly Mangold, “ Buyers, ” Mangold, ”, George Ratiu, Charlotte , Organizations: DC CNN, US Department of Housing, Urban Development, Census, Real Estate Consulting, “, National Association of Realtors Locations: Washington, Houston, Dallas, Atlanta, Charlotte, Charlotte , North Carolina, Austin , Texas, Orlando , Florida, Southern

☆ New home sales rose for the third month in a row
▼ + stars: | 2023-03-23 | by ( Anna Bahney | ) edition.cnn.com time to read: +2 min

Washington, DC CNN —New home sales rose in February, climbing for the third month in a row as mortgage rates eased off their highs of the past year and buyers looked to new construction amid historically low inventory of existing homes for sale. Sales of new single‐family houses were at a seasonally adjusted annual rate of 640,000, up from a revised 633,000 in January. In a bit of a setback for buyers, prices of new homes rose from January. The median price for a new home rose to $438,200 in February, up from $427,500 the previous month. This is a supply of 8.2 months at the current sales rate.

☆ US home building surged in February
▼ + stars: | 2023-03-16 | by ( Anna Bahney | ) edition.cnn.com time to read: +3 min

Washington, DC CNN —US home building jumped higher in February, turning around after five consecutive months of falling. As mortgage rates trended lower from November through January, builders have begun to feel more optimistic that conditions may improve in 2023. But recent strong economic data and uncertainty in the banking sector mean that inflation concerns remain, along with volatile mortgage rates. In February building permits were at a seasonally adjusted annual rate of 1.524 million. “However, interest rates and development costs remain high, while prices are softening — which is impacting the potential upside on home sales.”And mortgage rates remain volatile for buyers.

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