Pending Home Sales Decline for 4th Consecutive Month, as Interest Rates Rise: ‘Many People Looking for a Home Have Hit a Ceiling’

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®.

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Pending Home Sales Decline for 4th Consecutive Month, as Interest Rates Rise: ‘Many People Looking...

realtormM1hV realtormM1hV | 2 years ago

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®.

Pending home sales declined for the third consecutive month in August

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

CNBC's Diana Olick reports on August's pending homes sales data.

Houston home sales decline for fourth consecutive month, prices still higher than 2021

bizjournals bizjournals | 1 year ago

Year to date, total single-family sales are now down 1.3% compared to the record pace of the first seven months of 2021.

U.S. Pending Home Sales Rebound in May, Reversing a Six-Month Decline

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

The numbers: U.S. pending-home sales rose in May by 0.7%, according to the monthly index released Monday by the National Association of Realtors. Analysts polled by the Wall Street Journal had forecast the pending home sales index to drop by 4%. This increase breaks a six-month decline, and comes as mortgage rates continue to rise. Key details: Compared with a year earlier, transactions were down 13.6%. Regionally, the index jumped the most in Northeast, and fell in the Midwest and West. Big p...

U.S. pending homes sales decline on rising rates, high prices

In-depth analysis, data and st... In-depth analysis, d... | 1 year ago

Pending home sales dip for sixth straight month

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

CNBC's Diana Olick joins 'Squawk on the Street' to report on realtors pending home sales being down for the sixth-straight month.

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.

Existing-Home Sales Fall as Soaring Interest Rates Scare Off Home Buyers

www.realtor.com www.realtor.com | 2 years ago

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®.

Pending Home Sales Fall for Sixth Straight Month Due to High Prices and Mortgage Rates

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

The numbers: An index of pending U.S. home sales slumped 3.9% in April and fell for the sixth month in a row, signaling a sharp slowdown in the real estate market due to record home prices and rising mortgage rates. The index reflects transactions in which a contract has been signed for the purchase of a previously owned home, but the sale has not yet closed. Economists view the index as a bellwether for future home sales. The report is published by the National Association of Realtors. Key de...

Home Sales Post A Rare Decline For May As Mortgage Rates Rise

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...