Existing-Home Sales Fall as Soaring Interest Rates Scare Off Home Buyers
Existing-Home Sales Fall as Soaring Interest Rates Scare Off Home Buyers
The National Association of Realtors now expects existing-home sales to decline 10% over the course of the year.
The post Existing-Home Sales Fall as Soaring Interest Rates Scare Off Home Buyers appeared first on Real Estate News & Insights | realtor.com®.
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The National Association of Realtors now expects existing-home sales to decline 10% over the course of the year.
The post Existing-Home Sales Fall as Soaring Interest Rates Scare Off Home Buyers appeared first on Real Estate News & Insights | realtor.com®.
The National Association of Realtors now expects existing-home sales to decline 10% over the course of the year.
The post Existing-Home Sales Fall as Soaring Interest Rates Scare Off Home Buyers appeared first on Real Estate News & Insights | realtor.com®.
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...
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...
Home sales slowed in the first quarter of the year, thanks to rising home prices and interest rates.
Home sales slowed in the first quarter of the year, thanks to rising home prices and interest rates.
The combination of eye-watering rates and housing prices is forcing many would-be buyers to the sidelines.
The combination of eye-watering rates and housing prices is forcing many would-be buyers to the sidelines.
Existing homes are selling at the slowest pace since September 2012, with the exception of a brief drop at the start of the Covid 19 pandemic. Sales of previously owned homes fell 1.5% in September from August to a seasonally adjusted annual rate of 4.71 million units, according to a monthly survey from the National Association of Realtors. That marked the eighth straight month of sales declines. Sales were lower by 23.8% year over year. Sharply higher mortgage rates are causing an abrupt slowdo...
Existing homes are selling at the slowest pace since September 2012, with the exception of a brief drop at the start of the Covid 19 pandemic. Sales of previously owned homes fell 1.5% in September from August to a seasonally adjusted annual rate of 4.71 million units, according to a monthly survey from the National Association of Realtors. That marked the eighth straight month of sales declines. Sales were lower by 23.8% year over year. Sharply higher mortgage rates are causing an abrupt slowdo...
The National Association of Realtors is reporting that existing home sales were down 2.7% in March to a seasonally-adjusted annual rate of 5.77 million (down 4.5% from one year ago). Total housing inventory at the end of March was 950k units, down 9.5% from one year ago. Unsold inventory sits at a 2-month supply at [...]
The post Existing Home Sales Dip 2.7% in March appeared first on Real Estate Investing Today.
The National Association of Realtors is reporting that existing home sales were down 2.7% in March to a seasonally-adjusted annual rate of 5.77 million (down 4.5% from one year ago). Total housing inventory at the end of March was 950k units, down 9.5% from one year ago. Unsold inventory sits at a 2-month supply at [...]
The post Existing Home Sales Dip 2.7% in March appeared first on Real Estate Investing Today.
Market Update: Rates Fluctuate; Existing Home Sales, New Home Sales Coming Up This Week Blog posted On June 20, 2022
Mortgage rates trended sharply upward near the beginning of last week as a response to the latest Consumer Price Index (CPI), which revealed that inflation is at its highest level in 40 years. Interest rates do not favor high inflation numbers. Typically, with higher inflation comes higher rates. And the release of May’s CPI proved no different. The m...
Market Update: Rates Fluctuate; Existing Home Sales, New Home Sales Coming Up This Week Blog posted On June 20, 2022
Mortgage rates trended sharply upward near the beginning of last week as a response to the latest Consumer Price Index (CPI), which revealed that inflation is at its highest level in 40 years. Interest rates do not favor high inflation numbers. Typically, with higher inflation comes higher rates. And the release of May’s CPI proved no different. The m...
Sales of previously owned homes fell 0.4% in August from July to a seasonally adjusted annualized rate of 4.80 million units, according to the National Association of Realtors. That is the slowest sales pace since May 2020, when activity stalled very briefly due to the start of the pandemic. Outside of that, it is the slowest pace since November 2015. Sales were 19.9% lower than in August 2021. The sales figures represent closings, so contracts that were likely signed in June and July, when mo...
Sales of previously owned homes fell 0.4% in August from July to a seasonally adjusted annualized rate of 4.80 million units, according to the National Association of Realtors. That is the slowest sales pace since May 2020, when activity stalled very briefly due to the start of the pandemic. Outside of that, it is the slowest pace since November 2015. Sales were 19.9% lower than in August 2021. The sales figures represent closings, so contracts that were likely signed in June and July, when mo...
Pending home sales dropped 1.2% in March, according to the monthly index released by the National Association of Realtors.
The post ‘The Spring Housing Market Is Off to an Unpredictable Start’: Pending Home Sales Fall Amid Rising Mortgage Rates appeared first on Real Estate News & Insights | realtor.com®.
Pending home sales dropped 1.2% in March, according to the monthly index released by the National Association of Realtors.
The post ‘The Spring Housing Market Is Off to an Unpredictable Start’: Pending Home Sales Fall Amid Rising Mortgage Rates appeared first on Real Estate News & Insights | realtor.com®.
The numbers: U.S. existing-home sales fell 5.4% to a seasonally adjusted annual rate of 5.12 million in June, the National Association of Realtors said Wednesday. Economists polled by the Wall Street Journal were expecting sales to be 5.36 million. This is the weakest level of sales since June 2020, during the COVID-19 lockdown. Outside of the pandemic, the sales number weakest since January 2019. Compared with June 2021, home sales were down 14.2%. This is the fifth straight monthly decline an...
The numbers: U.S. existing-home sales fell 5.4% to a seasonally adjusted annual rate of 5.12 million in June, the National Association of Realtors said Wednesday. Economists polled by the Wall Street Journal were expecting sales to be 5.36 million. This is the weakest level of sales since June 2020, during the COVID-19 lockdown. Outside of the pandemic, the sales number weakest since January 2019. Compared with June 2021, home sales were down 14.2%. This is the fifth straight monthly decline an...