Tag Archives: homebuying season

The market keeps tipping toward a pool of reluctant buyers

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Mortgage rates and the median listing price are down while active inventory is up year over year, but more positive movement may be required for hesitant buyers this spring. Continue reading →

August existing-home sales may have been lowest in a decade

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Sales slowed month-over-month to an annualized rate of 4 million homes sold this year, according to a new report released Thursday by NAR. Continue reading →

RE/MAX stays profitable as US agent count, revenue decline

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RE/MAX’s total agent count grew 2.5 percent from a year ago, to 147,073. But a growing proportion of those agents work outside of the franchisor’s main markets, the U.S. and Canada. Continue reading →

New-home sales climb nearly 11%, but figures may be ‘overestimated’

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Sales of newly built single-family homes rose in April, pointing to continued buyer engagement during the spring homebuying season, the latest data from the U.S. Census Bureau and Department of Housing and Urban Development (HUD) suggests. New resident… Continue reading →

Rising mortgage rates take wind out of spring homebuying sails

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Applications for purchase loans fell 5 percent last week as rates climbed to highest level since February over concerns about inflation and growing government debt. Continue reading →

A ‘herky jerky’ start to the spring buyer season isn’t deterring agents

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Economic anxiety and rising mortgage rates curbed hopes of a robust spring, but economists tell Inman a strong new-home market offers a sliver of hope that the coming months will be better. Continue reading →

Pending home sales jump as buyers eye lower mortgage rates

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According to data released Wednesday by the National Association of Realtors (NAR), contract signings jumped 6.1 percent in March. That represents the biggest monthly gain since December 2023, when pending sales rose 7 percent. In contrast, February on… Continue reading →

Homebuyer demand falls for 2nd consecutive week as rates climb

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Economic uncertainty, rate volatility and mounting worries about the labor market are reducing the pool of potential buyers, putting a damper on the spring homebuying season. Continue reading →

Housing market challenges aren’t over yet, Barbara Corcoran warns

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Mortgage rates have inched downward, with the 30-year fixed rate falling down “by a fraction of a point to 6.96 percent,” Corcoran said, representing the lowest rate in six weeks. The 15-fixed loan rate was 6.21 percent as of Thursday. However, Corcora… Continue reading →

Spring market falls short, but low inventory is driving up competition

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New listings were down 19 percent during the four-week period ending May 7, while pending home sales were down 16 percent, according to a new report from Redfin Continue reading →