February Home Sales Report

Pending home sales fall in February, setting a grim tone as housing market enters key spring season

cnbc cnbc | 2 years ago

Higher mortgage rates are taking their toll on home sales, as a strong housing market begins to turn.

‘The Spring Housing Market Is Off to an Unpredictable Start’: Pending Home Sales Fall Amid Risin...

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

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®.

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...

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 fell 20% in June versus a year earlier as mortgage rates soared

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

Signed contracts to purchase existing homes dropped 20% in June compared with the same month a year ago, the National Association of Realtors said Wednesday. That is the slowest pace since September 2011, with the exception of the first two months of the coronavirus pandemic lockdowns, when sales plunged briefly and then rebounded sharply. On a monthly basis, pending home sales fell a wider-than-expected 8.6% in June. A Dow Jones survey of economists had predicted a 1% drop. The steep declines c...

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

The numbers: U.S. pending-home sales fell in June by 8.6%, according to the monthly index released Wednesday by the National Association of Realtors. Analysts polled by the Wall Street Journal had forecast the pending home sales index to drop by 1%. The drop in pending home sales is the biggest since the depths of the pandemic in April and March 2020. It also follows gloomy data on new home sales, builder confidence, as well as declining mortgage application volume. Key details: Compared with ...

Home sales fell nearly 6% in July as housing market slides into a recession

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

Sales of previously owned homes fell nearly 6% in July compared with June, according to a monthly report from the National Association of Realtors. The sales count declined to a seasonally adjusted annualized rate of 4.81 million units, the group added. It is the slowest sales pace since November 2015, with the exception of a brief plunge at the beginning of the Covid pandemic. Sales dropped about 20% from the same month a year ago. "In terms of economic impact we are surely in a housing recessi...

realestateinvestingtoday realestateinvestingt... | 1 year ago

The National Association of Realtors is reporting that pending home sales were down 1.2% in March, 2022. The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) dropped to 103.7. “The falling contract signings are implying that multiple offers will soon dissipate and be replaced by much calmer and normalized market conditions…As [...] The post Pending Home Sales Drop 1.2% in March appeared first on Real Estate Investing Today.

cmgfi cmgfi | 1 year ago

Market Update: Rate Fall; Pending Home Sales, Case-Shiller Home Price Index, and Construction Spending Coming Up This Week Blog posted On June 27, 2022 Mortgage rates trended downward last week after a rally in the bond market following Federal Reserve Chairman Jerome Powell’s testimony. During his testimony, he subtly prepped the markets for the possibility of a slowdown. When the economy slows, interest rates typically drop. This week, there are several important ...

U.S. Pending Home Sales Slip Again in July as Market Cools, but Mortgage Rates Show Signs of Stabili...

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

The numbers: U.S. pending-home sales fell in July by 1%, according to the monthly index released Wednesday by the National Association of Realtors. Analysts polled by the Wall Street Journal had forecast the pending home sales index to drop by 3%. Sales dropped for the second month in a row in July. In June, pending home sales fell by 8.6%. This is also the eighth time pending home sales have fallen in the last nine months. The index reflects transactions where the contract has been signed for...