Pending home sales rose in January — but those gains are unlikely to last

The Pending Home Sales Index jumped 8.1 percent to a reading of 82.5 in January, before mortgage rates began another climb, according to data released Monday by the National Association of Realtors. Continue reading

Existing-home sales fell every single month in 2022, new NAR data shows

Total existing-home sales slid 0.7 percent between December and January to a seasonally adjusted annual rate of 4 million, according to new data released Tuesday by the National Association of Realtors. Continue reading

90% of all US metros charted price jumps in Q4 despite big rate hikes

Existing-home sales prices increased in nearly 90 percent of metro areas, but gains were smaller than the previous quarter, according to data released Thursday by the National Association of Realtors. Continue reading

2023 may sink some agents — and that may not be a bad thing

Economic downturns have historically shrunk the number of practicing Realtors. But those who stick around can end up doing even more deals, economists told Inman Intel. Continue reading

Existing-home sales dip for 11th month, but NAR sees light ahead

Existing-home sales fell 1.5 percent nationally between November and December while plunging 34 percent from December 2021, according to data released Friday by the National Association of Realtors. Continue reading

‘The gate is beginning to open’: Big inflation drop may aid homebuyers

The once-frantic pace of consumer price growth has been slowing for months, which may bode well for buyers’ budgets — and their financing, according to new data from the U.S. Bureau of Labor Statistics. Continue reading

Cold winter looms as pending home sales fall for 6th-consecutive month

The number of homes that went under contract in November dropped by another 4 percent, signaling a slow winter, according to data released Wednesday from the National Association of Realtors. Continue reading

Existing-home sales drop in November as median prices inch up

Sales of existing homes in November fell 7.7 percent to a seasonally adjusted annual rate of 4.09 million, according to data released Wednesday by the National Association of Realtors. Continue reading

Pending sales fell in October for the fifth month in a row

Rising rates and nervous consumers have set up the housing market for its “slowest fourth quarter in a decade,” according to one economist. Continue reading

Existing-home sales slip for ninth-consecutive month in October

Sales of existing homes fell 5.9 percent to a seasonally adjusted rate of 4.43 million — 28.4 percent lower than in October 2021, according to data released Friday by the National Association of Realtors. Continue reading