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U.S. new-home sales plunge to lowest since start of pandemic

U.S. new-home sales plunge to lowest since start of pandemic

U.S. new-home sales plunge to lowest since start of pandemic
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U.S. new-home sales plunge to lowest since start of pandemic
U.S. new-home sales plunge to lowest since start of pandemic
U.S. new-home sales plunge to lowest since start of pandemic
U.S. new-home sales plunge to lowest since start of pandemic
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
Sales of new U.S. homes plummeted in April by the most in nearly nine years, dented by the combination of high prices and a steep climb in mortgage rates.
Sales of new U.S. homes plummeted in April by the most in nearly nine years, dented by the combination of high prices and a steep climb in mortgage rates.
U.S. New Home Sales Fall in June to the Lowest Level Since the Pandemic
U.S. New Home Sales Fall in June to the Lowest Level Since the Pandemic
U.S. New Home Sales Fall in June to the Lowest Level Since the Pandemic
U.S. New Home Sales Fall in June to the Lowest Level Since the Pandemic
www.realtor.com www.realtor.com | 1 year ago
The numbers:ย U.S. new home sales plunged 8.1% to a seasonally-adjusted rate of 590,000 in June, from a revised 642,000 in the prior month, the Commerce Department reported Tuesday. The number of new homes sold is the lowest since April 2020, during the depths of the coronavirus pandemic. Sales have fallen since hitting a peak of 1.04 million in August 2020. Analysts polled by the Wall Street Journal had forecast new home sales to come in at 660,000 in June. Year-over-year, new home sales are do...
The numbers:ย U.S. new home sales plunged 8.1% to a seasonally-adjusted rate of 590,000 in June, from a revised 642,000 in the prior month, the Commerce Department reported Tuesday. The number of new homes sold is the lowest since April 2020, during the depths of the coronavirus pandemic. Sales have fallen since hitting a peak of 1.04 million in August 2020. Analysts polled by the Wall Street Journal had forecast new home sales to come in at 660,000 in June. Year-over-year, new home sales are do...
Existing home sales fell in April to the lowest level since the start of the pandemic
Existing home sales fell in April to the lowest level since the start of the pandemic
Existing home sales fell in April to the lowest level since the start of the pandemic
Existing home sales fell in April to the lowest level since the start of the pandemic
Broadcast Media Production and... Broadcast Media Prod... | 1 year ago
Rising mortgage rates and continued tight supply caused home sales to drop to the lowest level since the start of the pandemic.
Rising mortgage rates and continued tight supply caused home sales to drop to the lowest level since the start of the pandemic.
Sales of U.S. previously owned homes fall to lowest since 2020
Sales of U.S. previously owned homes fall to lowest since 2020
Sales of U.S. previously owned homes fall to lowest since 2020
Sales of U.S. previously owned homes fall to lowest since 2020
In-depth analysis, data and st... In-depth analysis, d... | 2 years ago
Sales of previously owned U.S. homes fell in March to the lowest since June 2020 as historically low inventory paired with rising mortgage rates curbed purchases.
Sales of previously owned U.S. homes fell in March to the lowest since June 2020 as historically low inventory paired with rising mortgage rates curbed purchases.
U.S. previously owned home sales fall to lowest since June 2020
U.S. previously owned home sales fall to lowest since June 2020
U.S. previously owned home sales fall to lowest since June 2020
U.S. previously owned home sales fall to lowest since June 2020
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
Contract closings decreased 2.4% in April from the prior month to an annualized 5.61 million, figures from the National Association of Realtors showed Thursday.
Contract closings decreased 2.4% in April from the prior month to an annualized 5.61 million, figures from the National Association of Realtors showed Thursday.
Luxury Home Sales Sink 18% In Biggest Drop Since Start Of The Pandemic
Luxury Home Sales Sink 18% In Biggest Drop Since Start Of The Pandemic
Luxury Home Sales Sink 18% In Biggest Drop Since Start Of The Pandemic
Luxury Home Sales Sink 18% In Biggest Drop Since Start Of The Pandemic
forbes forbes | 1 year ago
Luxury Home Sales Sink 18% In Biggest Drop Since Start Of The Pandemic New listings of luxury homes increased in 16 of the top 50 metros. getty New listings of luxury homes increased in 16 of the top 50 metros. Sales of luxury homes tumbled 17.8% year over year during the three months ending April 30, the largest drop since the onset of the pandemic sent shockwaves through the housing market. By comparison, sales of non-luxury homes fell 5.4%. Thatโ€™s according to an a...
Luxury Home Sales Sink 18% In Biggest Drop Since Start Of The Pandemic New listings of luxury homes increased in 16 of the top 50 metros. getty New listings of luxury homes increased in 16 of the top 50 metros. Sales of luxury homes tumbled 17.8% year over year during the three months ending April 30, the largest drop since the onset of the pandemic sent shockwaves through the housing market. By comparison, sales of non-luxury homes fell 5.4%. Thatโ€™s according to an a...
Housing Bubble Woes: Sales of Homes Below $500K Plunge, Total Sales Drop to Lowest since Lockdown, S...
Housing Bubble Woes: Sales of Homes Below $500K Plunge, Total Sales Drop to Lowest since Lockdown, S...
Housing Bubble Woes: Sales of Homes Below $500K Plunge, Total Sales Drop to Lowest since Lockdown, S...
Housing Bubble Woes: Sales of Homes Below $500K Plunge, Total Sales Drop to Lowest since Lockdown, S...
wolfstreet wolfstreet | 1 year ago
The magic of ridiculously inflated home prices meeting holy-moly mortgage rates. Byย Wolf Richterย forย WOLF STREET. Sales of previously-owned homes of all types โ€“ single-family houses, condos, co-ops, and townhouses โ€“ dropped by 5.4% in June from May, the fifth month in a row of month-to-month declines, based on the seasonally adjusted annual rate of sales. And sales dropped by 14.2% from a year ago, the 11th month in a row of year-over-year declines. The sales declines have been accelerati...
The magic of ridiculously inflated home prices meeting holy-moly mortgage rates. Byย Wolf Richterย forย WOLF STREET. Sales of previously-owned homes of all types โ€“ single-family houses, condos, co-ops, and townhouses โ€“ dropped by 5.4% in June from May, the fifth month in a row of month-to-month declines, based on the seasonally adjusted annual rate of sales. And sales dropped by 14.2% from a year ago, the 11th month in a row of year-over-year declines. The sales declines have been accelerati...
Sales of new U.S. homes drop to lowest in four months
Sales of new U.S. homes drop to lowest in four months
Sales of new U.S. homes drop to lowest in four months
Sales of new U.S. homes drop to lowest in four months
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
Report: Tampa Bay homebuyer competition falls to lowest level since the start of the pandemic
Report: Tampa Bay homebuyer competition falls to lowest level since the start of the pandemic
Report: Tampa Bay homebuyer competition falls to lowest level since the start of the pandemic
Report: Tampa Bay homebuyer competition falls to lowest level since the start of the pandemic
bizjournals bizjournals | 1 year ago
Homebuyers have faced intense competition over the last few years in the red-hot housing market, but a new report shows those times may be waning.ย  The report by Redfin, a technology-focused real estate brokerage, highlights that nationally, 44.3% of the home offers written by Redfin agents faced competition on a seasonally adjusted basis in July, compared with a revised rate of 50.9% one month earlier and 63.8% one year earlier.ย  This is the sixth-straight monthly decline and the lowest sha...
Homebuyers have faced intense competition over the last few years in the red-hot housing market, but a new report shows those times may be waning.ย  The report by Redfin, a technology-focused real estate brokerage, highlights that nationally, 44.3% of the home offers written by Redfin agents faced competition on a seasonally adjusted basis in July, compared with a revised rate of 50.9% one month earlier and 63.8% one year earlier.ย  This is the sixth-straight monthly decline and the lowest sha...
Median US Home Prices Up 46% Since Start of Pandemic
Median US Home Prices Up 46% Since Start of Pandemic
Median US Home Prices Up 46% Since Start of Pandemic
Median US Home Prices Up 46% Since Start of Pandemic
mashvisor mashvisor | 1 year ago
Housing affordability is slipping through the cracks as median US home prices have gone up 46% since the pandemic started.ย  The pandemic started a trend nicknamed โ€œThe Rise of the Restโ€ with the abrupt shift to remote work. The unprecedented acceleration in remote work has allowed tech hubs and bigger companies to move into less expensive areas. The move has helped revive struggling economies in one of the most challenging times in recent history.ย  However, due to the ongoing upward tick i...
Housing affordability is slipping through the cracks as median US home prices have gone up 46% since the pandemic started.ย  The pandemic started a trend nicknamed โ€œThe Rise of the Restโ€ with the abrupt shift to remote work. The unprecedented acceleration in remote work has allowed tech hubs and bigger companies to move into less expensive areas. The move has helped revive struggling economies in one of the most challenging times in recent history.ย  However, due to the ongoing upward tick i...