U.S. existing-home sales slipped 1.0% month-over-month and were down 6.2%
year-over-year as of last measure, while pending sales jumped 8.3% from the
previous month, marking the largest gain since June 2020, according to the National
Association of REALTORS® (NAR). Mortgage rates have dropped significantly from
their peak …
U.S. existing-home sales rose from a 13-year low, climbing 0.8% from the previous
month and breaking a five-month streak in which sales declined, according to the
National Association of REALTORS® (NAR). Despite the increase, sales were down
7.3% compared to the same period last year, as affordability …
Low inventory, elevated sales prices, and decades-high interest rates continue to
weigh on the housing market, causing sales of existing homes to fall to their slowest
pace since August 2010. According to the National Association of REALTORS®
(NAR), U.S. existing-home sales declined 4.1% month-over-month and 14.6% yearover-
…
U.S. sales of existing homes recently fell to a 13-year low, dropping 2.0% monthover-
month and 15.4% year-over-year as of last measure, according to the National
Association of REALTORS® (NAR), as surging interest rates and elevated sales
prices continue to make homeownership unaffordable for many prospective buyers.
…
National sales of existing homes recently fell to a 7-month low, as surging borrowing
costs, rising sales prices, and limited inventory continue to keep many would-be
buyers out of the market. Borrowers have become increasingly sensitive to
fluctuations in mortgage rates, which have remained above 7% since …
Higher mortgage rates, along with elevated sales prices and a lack of housing
inventory, have continued to impact market activity during the summer homebuying
season. The average 30-year fixed-rate mortgage has remained above 6.5% since
May, recently hitting a two-decade high in August, according to Freddie Mac. …
Affordability constraints have continued to limit homebuying activity this summer,
with existing-home sales falling 3.3% month-over-month nationwide as of last
measure, according to the National Association of REALTORS® (NAR). Mortgage
rates have approached 7% in recent months, leading many prospective buyers to
put their home purchase plans …
Temperatures are heating up, yet the U.S. housing market remains cooler than usual
for this time of year due to a combination of low inventory and higher borrowing
costs, which have restricted market activity going into the summer homebuying
season. According to the latest data from the …
Existing-home sales slid for the second consecutive month, falling 3.4% nationwide
as of last measure, according to the National Association of REALTORS® (NAR), as
higher interest rates continue to impact buyer affordability. Sales are down 23%
compared to the same period a year ago, while contract signings …
Nationally, existing home sales jumped 14.5% month-over-month as of last
measure, the first monthly gain in 12 months, and representing the largest monthly
increase since July 2020, according to the National Association of REALTORS®
(NAR). The sudden uptick in sales activity stems from contracts signed toward the
…
