Home sales decline 3.4% in May

Home sales drop 3.4% in May as mortgage rates rise

Broadcast Media Production and... Broadcast Media Prod... | 1 year ago

CNBC's Diana Olick joins 'Squawk on the Street' to report on home sales dropping.

Oahu home sales cool as mortgage rates rise

bizjournals bizjournals | 1 year ago

Single-family home and condominium sales dropped 34.4% and 19.3%, respectively, in September, compared to the same month last year.

forbes forbes | 1 year ago

Home Sales Post A Rare Decline For May As Mortgage Rates Rise Home buyers are facing mortgage rates near 6%. getty Home buyers are facing mortgage rates near 6%. Home prices rose 1.5% month over month in May, their smallest increase of any May in Redfin’s records, which go back to 2012, according to a new report from Redfin, a technology-powered real estate brokerage. The housing market cooled considerably as mortgage rates climbed to their highest levels since 2009. Se...

Central Ohio home sales slow as prices, interest rates rise

bizjournals bizjournals | 2 years ago

Home sales slowed in the first quarter of the year, thanks to rising home prices and interest rates.

Mortgage Delinquencies Drop Again As An Uptick In Distressed Sales Looms

forbes forbes | 2 years ago

All states and metro areas saw mortgage delinquency rates decline year over year.

Refinancing market ‘dries up’ in Atlanta as mortgage rates rise

bizjournals bizjournals | 1 year ago

Rising mortgage rates are not making an impact on raging demand for home purchases. Demand for refinancing is another story.

Mortgage Rates Rise Again After Recording Sharp Drop

www.realtor.com www.realtor.com | 1 year ago

Mortgage rates increased for the first time in three weeks. The average rate on a 30-year fixed-rate mortgage rose to 5.51%, mortgage-finance giant Freddie Mac said Thursday. That is up from 5.30% last week, when rates recorded the largest weekly decline since December 2008, but below the 13-year high of 5.81% recorded in June. A year ago, the 30-year mortgage averaged 2.88%. Higher borrowing costs are weighing on demand for homes, slowing sales and price growth. Housing affordability rea...

Existing Home Sales Down 3.4% in May - Real Estate Investing Today

realestateinvestingtoday realestateinvestingt... | 1 year ago

The National Association of Realtors is reporting that existing home sales were down 3.4% in May to a seasonally-adjusted annual rate of 5.41 million (down 8.6% year over year). Total housing inventory at the end of May was 1,160,000 units, down 4.1% from one year ago. Unsold inventory sits at a 2.6-month supply at the current sales rate with properties remaining on the market for around 16 days. The median existing-home price for all housing types in May was $407,600 (surpassing the $400k...

Existing Home Sales Fall As Affordability Concerns Rise

forbes forbes | 2 years ago

A limited supply of properties and high prices deterred potential buyers in February. A new housing market report is a wake-up call that what goes up must come down. Existing home sales dipped in February, continuing a seesawing pattern of gains and declines over the last few months, according to the National Association of Realtors. Each of the four major U.S. regions saw sales fall on a month-over-month basis in February. Sales activity year-over-year was also down overall, though the South e...