Tag Archives: existing home sales

Existing-home sales droop as mortgage rates hit 20-year highs

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Home sales fell 2 percent between August and September and retreated 15.4 percent from a year ago as prices and interest rates climbed. Continue reading →

Buyers continue downward spiral, but new listings may be steadying

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Homebuyers are backing away from the market as mortgage rates continue to climb. But new listings aren’t declining as quickly, Redfin reports. Continue reading →

Why US consumers are souring — and what that means for housing

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Maegan Sherlock, senior research analyst for John Burns, spoke with Intel about the results of the firm’s latest household sentiment survey: “I was hoping to see a new ‘magic’ mortgage rate.” Continue reading →

Existing-home sales fall off 0.7% led by Southern, Western markets

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Sales of existing homes slid 0.7 percent between July and August to a seasonally adjusted annual rate of 4.04 million but held steady in the Northeast and rose in the Midwest. Continue reading →

Existing-home sales fall in July as low inventory, high rates take toll

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Weighed down by low inventory and high mortgage rates, existing-home sales fell in July, to 4.07 million — or 16.6 percent lower than a year earlier, according to data from the National Association of Realtors. Continue reading →

Redfin CEO says housing sales volume has hit ‘rock bottom’

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Redfin CEO Glenn Kelman on Wednesday told MarketWatch that current transaction levels — sustained primarily by people who absolutely need to move — are about as low as they ever get. Continue reading →

What the early ’80s inflation crisis reveals about today’s home market

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The Fed has raised interest rates to fight inflation in the past. A new Intel analysis illuminates the data behind the “rate lock” of the early 1980s and how long it took home sales to eventually recover. Continue reading →

Home prices rose in May in defiance of down housing market

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Prices rose 0.7 percent from April to May after adjusting for increases typically experienced in spring, according to estimates released Tuesday by CoreLogic and the Federal Housing Finance Agency. Continue reading →

‘Get creative’: As inventory drops, agents dust off trusted techniques

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With sales down and inventory low, agents are combing social media, calling expireds and seeking out people with major life milestones. In other words, they’re meeting the moment with creativity. Continue reading →

‘A downer for sure’: Existing-home sales hit 14-year low as prices soar

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Existing-home sales fell to a seasonally adjusted rate of 4.16 million as the median sales price climbed to $410,000, or just 0.9 percent below the highest median recorded by the National Association of Realtors. Continue reading →