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Housing supply improves after a drop in sales due to high mortgage rates

Housing supply improves after a drop in sales due to high mortgage rates

Housing supply improves after a drop in sales due to high mortgage rates
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Housing supply improves after a drop in sales due to high mortgage rates
Housing supply improves after a drop in sales due to high mortgage rates
Housing supply improves after a drop in sales due to high mortgage rates
Housing supply improves after a drop in sales due to high mortgage rates
Broadcast Media Production and... Broadcast Media Prod... | 1 year ago
CNBC's Diana Olick reports on a major shift in home sale trends.
CNBC's Diana Olick reports on a major shift in home sale trends.
Pending Home Sales Fall for Sixth Straight Month Due to High Prices and Mortgage Rates
Pending Home Sales Fall for Sixth Straight Month Due to High Prices and Mortgage Rates
Pending Home Sales Fall for Sixth Straight Month Due to High Prices and Mortgage Rates
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:Β 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.Β The report is published by the National Association of Realtors. Key de...
The numbers:Β 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.Β The report is published by the National Association of Realtors. Key de...
Weekly mortgage applications drop 1.2% as mortgage rates remain high
Weekly mortgage applications drop 1.2% as mortgage rates remain high
Weekly mortgage applications drop 1.2% as mortgage rates remain high
Weekly mortgage applications drop 1.2% as mortgage rates remain high
Broadcast Media Production and... Broadcast Media Prod... | 1 year ago
CNBC's Diana Olick joins 'Squawk Box' to break down the latest weekly mortgage application data.
CNBC's Diana Olick joins 'Squawk Box' to break down the latest weekly mortgage application data.
Housing supply is finally improving, as high prices and rising rates weigh on sales
Housing supply is finally improving, as high prices and rising rates weigh on sales
Housing supply is finally improving, as high prices and rising rates weigh on sales
Housing supply is finally improving, as high prices and rising rates weigh on sales
Broadcast Media Production and... Broadcast Media Prod... | 1 year ago
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.
There's a strong disincentive to list homes due to high mortgage rates, says Black Knight's Walden
There's a strong disincentive to list homes due to high mortgage rates, says Black Knight's Walden
There's a strong disincentive to list homes due to high mortgage rates, says Black Knight's Walden
There's a strong disincentive to list homes due to high mortgage rates, says Black Knight's Walden
Broadcast Media Production and... Broadcast Media Prod... | 1 year ago
Andy Walden, Black Knight vp of enterprise research, joins 'The Exchange' to discuss the housing market.
Andy Walden, Black Knight vp of enterprise research, joins 'The Exchange' to discuss the housing market.
Mortgage Rates Rise Again After Recording Sharp Drop
Mortgage Rates Rise Again After Recording Sharp Drop
Mortgage Rates Rise Again After Recording Sharp Drop
Mortgage Rates Rise Again After Recording Sharp Drop
www.realtor.com www.realtor.com | 1 year ago
Mortgage rates increased for the first time in three weeks. The average rate on a 30-year fixed-rate mortgage rose to 5.51%, mortgage-finance giantΒ Freddie MacΒ said Thursday. That is up from 5.30% last week, when rates recordedΒ the largest weekly decline since December 2008, but belowΒ the 13-year high of 5.81%Β recorded in June. A year ago, the 30-year mortgage averaged 2.88%. Higher borrowing costs are weighing on demand for homes,Β slowing sales and price growth. Housing affordabilityΒ rea...
Mortgage rates increased for the first time in three weeks. The average rate on a 30-year fixed-rate mortgage rose to 5.51%, mortgage-finance giantΒ Freddie MacΒ said Thursday. That is up from 5.30% last week, when rates recordedΒ the largest weekly decline since December 2008, but belowΒ the 13-year high of 5.81%Β recorded in June. A year ago, the 30-year mortgage averaged 2.88%. Higher borrowing costs are weighing on demand for homes,Β slowing sales and price growth. Housing affordabilityΒ rea...
Home sales drop 3.4% in May as mortgage rates rise
Home sales drop 3.4% in May as mortgage rates rise
Home sales drop 3.4% in May as mortgage rates rise
Home sales drop 3.4% in May as mortgage rates rise
Broadcast Media Production and... Broadcast Media Prod... | 1 year ago
CNBC's Diana Olick joins 'Squawk on the Street' to report on home sales dropping.
CNBC's Diana Olick joins 'Squawk on the Street' to report on home sales dropping.
Mortgage rates rise due to inflationary concerns
Mortgage rates rise due to inflationary concerns
Mortgage rates rise due to inflationary concerns
Mortgage rates rise due to inflationary concerns
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
But growing worries about a possible recession may also end up playing a role in their direction over the coming weeks.
But growing worries about a possible recession may also end up playing a role in their direction over the coming weeks.
Pending home sales post surprise increase in May, likely due to brief pullback in mortgage rates
Pending home sales post surprise increase in May, likely due to brief pullback in mortgage rates
Pending home sales post surprise increase in May, likely due to brief pullback in mortgage rates
Pending home sales post surprise increase in May, likely due to brief pullback in mortgage rates
Broadcast Media Production and... Broadcast Media Prod... | 1 year ago
Pending home sales, a measure of signed contracts on existing homes, rose slightly in May, up 0.7% compared with April, according to the National Association of Realtors. That broke a six-month streak of declining demand. Sales were still 13.6% lower than in May 2021. Buyers have been contending with rising mortgage rates since the start of this year, but rates actually pulled back slightly in May, and that may account for the sales gain. More supply also came on the market, and total active inv...
Pending home sales, a measure of signed contracts on existing homes, rose slightly in May, up 0.7% compared with April, according to the National Association of Realtors. That broke a six-month streak of declining demand. Sales were still 13.6% lower than in May 2021. Buyers have been contending with rising mortgage rates since the start of this year, but rates actually pulled back slightly in May, and that may account for the sales gain. More supply also came on the market, and total active inv...
Housing Bubble Woes: Sales of Homes Below $500K Plunge, Total Sales Drop to Lowest since Lockdown, S...
Housing Bubble Woes: Sales of Homes Below $500K Plunge, Total Sales Drop to Lowest since Lockdown, S...
Housing Bubble Woes: Sales of Homes Below $500K Plunge, Total Sales Drop to Lowest since Lockdown, S...
Housing Bubble Woes: Sales of Homes Below $500K Plunge, Total Sales Drop to Lowest since Lockdown, S...
wolfstreet wolfstreet | 1 year ago
The magic of ridiculously inflated home prices meeting holy-moly mortgage rates. ByΒ Wolf RichterΒ forΒ WOLF STREET. Sales of previously-owned homes of all types – single-family houses, condos, co-ops, and townhouses – dropped by 5.4% in June from May, the fifth month in a row of month-to-month declines, based on the seasonally adjusted annual rate of sales. And sales dropped by 14.2% from a year ago, the 11th month in a row of year-over-year declines. The sales declines have been accelerati...
The magic of ridiculously inflated home prices meeting holy-moly mortgage rates. ByΒ Wolf RichterΒ forΒ WOLF STREET. Sales of previously-owned homes of all types – single-family houses, condos, co-ops, and townhouses – dropped by 5.4% in June from May, the fifth month in a row of month-to-month declines, based on the seasonally adjusted annual rate of sales. And sales dropped by 14.2% from a year ago, the 11th month in a row of year-over-year declines. The sales declines have been accelerati...