Home sales fall in Atlanta as mortgage rates, prices turn the screws on buyers
Home sales fall in Atlanta as mortgage rates, prices turn the screws on buyers
The combination of eye-watering rates and housing prices is forcing many would-be buyers to the sidelines.
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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.
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®.
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.
Rising mortgage rates are not making an impact on raging demand for home purchases. Demand for refinancing is another story.
Rising mortgage rates are not making an impact on raging demand for home purchases. Demand for refinancing is another story.
Home affordability is more challenging today for prospective home buyers than it was a year ago. ATTOM, a property information and analytics provider, today released its first-quarter 2022 U.S. home affordability report, showing that median-priced single-family homes were less affordable in the first quarter compared to historical averages in 79% of counties across the nation with enough data to analyze. That data was up from just 38% of counties that were historically less affordable in the fi...
Home affordability is more challenging today for prospective home buyers than it was a year ago. ATTOM, a property information and analytics provider, today released its first-quarter 2022 U.S. home affordability report, showing that median-priced single-family homes were less affordable in the first quarter compared to historical averages in 79% of counties across the nation with enough data to analyze. That data was up from just 38% of counties that were historically less affordable in the fi...
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...
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...
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...
Rising mortgage costs and the broader cost of living crisis will push UK house prices down more sharply in the coming months, said Halifax, after prices dipped 0.1% in September.Halifax said the market had been almost flat since June but was now heading into a more significant slowdown as rapidly rising borrowing costs made buying a property unaffordable for more people.Kwarteng considers extending mortgage guarantee schemeRead more“The housing market may have already entered a more sustained ...
Rising mortgage costs and the broader cost of living crisis will push UK house prices down more sharply in the coming months, said Halifax, after prices dipped 0.1% in September.Halifax said the market had been almost flat since June but was now heading into a more significant slowdown as rapidly rising borrowing costs made buying a property unaffordable for more people.Kwarteng considers extending mortgage guarantee schemeRead more“The housing market may have already entered a more sustained ...
Home sales in Canada’s major metro areas are well off of last year’s historic numbers, while home prices continue to trend downward. In the Greater Toronto Area, home sales were down 41% from last year, while home prices posted a 5.5% monthly decline. In the Greater Vancouver Area, sales were down 35% year-over-year while home prices fell 1.9% month-over-month. However, average prices are still above year-ago levels for now, with prices in Toronto up 5.3% and prices in Vancouver up 12.4%. ...
Home sales in Canada’s major metro areas are well off of last year’s historic numbers, while home prices continue to trend downward. In the Greater Toronto Area, home sales were down 41% from last year, while home prices posted a 5.5% monthly decline. In the Greater Vancouver Area, sales were down 35% year-over-year while home prices fell 1.9% month-over-month. However, average prices are still above year-ago levels for now, with prices in Toronto up 5.3% and prices in Vancouver up 12.4%. ...
But wait… Haven’t seen anything yet. Impact of today’s holy-moly mortgage rates won’t show up in the sales data for a couple of months. Here’s why.
But wait… Haven’t seen anything yet. Impact of today’s holy-moly mortgage rates won’t show up in the sales data for a couple of months. Here’s why.