Tag Archives: existing home sales

Are US home-sale revenues finally bottoming out? Intel examines

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The steepest part of the home-transaction downturn appears to be over. Is this where business turns around? Intel dives into the data. Continue reading →

Falling mortgage rates should boost home sales: Fannie Mae

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Fannie Mae economists no longer expect a recession and are considerably more optimistic that mortgage rates have additional room to come down below 6 percent. Continue reading →

Existing-home sales fall to 13-year low despite strong buyer demand

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Existing sales fell 4.1 percent in October to an annual rate of 3.79 million, the lowest since 2010, according to data from NAR. Nonetheless, multiple offers are still happening, economist Lawrence Yun said. Continue reading →

Young homebuyers could lead the recovery. So what do they want?

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First-time buyers are less likely than homeowners to be holding out for lower mortgage rates. But they hold a host of other priorities and concerns, according to an Intel analysis of buyer behavior. Continue reading →

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 →