Homes in the Twin Cities in September continued to sell at higher prices than a year ago, even as high mortgage rates reduce residential real estate demand.
This September had just under 4,000 signed purchase agreements, about a 30% drop from September 2021, Minneapolis Area Realtors and Saint Paul Area Association of Realtors said in a Monday report. The median price for a home in the Twin Cities rose to $362,000 last month – a sizable jump of more than 6% from the year before, but a smalle...
Homes in the Twin Cities in September continued to sell at higher prices than a year ago, even as high mortgage rates reduce residential real estate demand.
This September had just under 4,000 signed purchase agreements, about a 30% drop from September 2021, Minneapolis Area Realtors and Saint Paul Area Association of Realtors said in a Monday report. The median price for a home in the Twin Cities rose to $362,000 last month – a sizable jump of more than 6% from the year before, but a smalle...
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®.
Fast-rising mortgage rates are straining affordability for a growing number of families, putting homeownership out of reach for some.
The post Pending Home Sales Decline for 4th Consecutive Month, as Interest Rates Rise: ‘Many People Looking for a Home Have Hit a Ceiling’ appeared first on Real Estate News & Insights | realtor.com®.
Fast-rising mortgage rates are straining affordability for a growing number of families, putting homeownership out of reach for some.
The post Pending Home Sales Decline for 4th Consecutive Month, as Interest Rates Rise: ‘Many People Looking for a Home Have Hit a Ceiling’ appeared first on Real Estate News & Insights | realtor.com®.
New home sales continue to fall in North Texas after peaking in May, and builders are scrambling to offer incentives in the form of bonuses and higher commissions to real estate agents and price markdowns and freebies to buyers.
New home sales continue to fall in North Texas after peaking in May, and builders are scrambling to offer incentives in the form of bonuses and higher commissions to real estate agents and price markdowns and freebies to buyers.
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...
