After one of the most severe housing shortages in history, the supply of homes for sale is finally starting to increase, according to new data from Realtor.com.
After one of the most severe housing shortages in history, the supply of homes for sale is finally starting to increase, according to new data from Realtor.com.
The numbers: Sales of new homes in the U.S. fell in April for the fourth month in a row to the lowest level since the pandemic owing to high prices and soaring mortgage rates. New sales slowed to a 591,000 annual rate from 709,000 in the prior month, the government said Tuesday. That’s how many homes would change hands in a full year if the number of sales were the same in every month as they were in April. Economists polled by The Wall Street Journal had forecast sales to take place at a 75...
The numbers: Sales of new homes in the U.S. fell in April for the fourth month in a row to the lowest level since the pandemic owing to high prices and soaring mortgage rates. New sales slowed to a 591,000 annual rate from 709,000 in the prior month, the government said Tuesday. That’s how many homes would change hands in a full year if the number of sales were the same in every month as they were in April. Economists polled by The Wall Street Journal had forecast sales to take place at a 75...
Pending Home Sales Dip In April Amid Rising Rates, Steeper Prices
Escalating mortgage rates have bumped up the cost of purchasing a home.
Newsday via Getty Images
Escalating mortgage rates have bumped up the cost of purchasing a home. Pending home sales slipped in April as contract activity decreased for the sixth consecutive month, the National Association of Realtors reported. Only the Midwest saw signings increase month-over-month, while the other three major...
Pending Home Sales Dip In April Amid Rising Rates, Steeper Prices
Escalating mortgage rates have bumped up the cost of purchasing a home.
Newsday via Getty Images
Escalating mortgage rates have bumped up the cost of purchasing a home. Pending home sales slipped in April as contract activity decreased for the sixth consecutive month, the National Association of Realtors reported. Only the Midwest saw signings increase month-over-month, while the other three major...
U.S. mortgage applications slid for a sixth straight week as mortgage rates climbed to a 12-year high, weighing on both home purchases and refinancing.
U.S. mortgage applications slid for a sixth straight week as mortgage rates climbed to a 12-year high, weighing on both home purchases and refinancing.
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...
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...
North Texas new home sales climbed last month and pending sales are rising, signaling continued strength in the housing market moving into the summer despite inventory challenges, rising mortgage rates, inflation and other headwinds. New home prices also continue to climb, setting another record last month.
North Texas new home sales climbed last month and pending sales are rising, signaling continued strength in the housing market moving into the summer despite inventory challenges, rising mortgage rates, inflation and other headwinds. New home prices also continue to climb, setting another record last month.
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...
U.S. consumers expect mortgage rates to increase substantially over the next several years, with households on average projecting rates of 6.7% a year from now and 8.2% in three years, according to a survey released by the New York Federal Reserve.
U.S. consumers expect mortgage rates to increase substantially over the next several years, with households on average projecting rates of 6.7% a year from now and 8.2% in three years, according to a survey released by the New York Federal Reserve.
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®.
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®.
