Existing-home sales increased 1.7 percent on a monthly basis, but housing demand continues to lag behind wage growth and job gains, NAR Chief Economist Lawrence Yun said. Continue reading
Home prices fell in 24 percent of markets, with five Florida markets posting the biggest price declines. But buyers chasing affordability drove up prices the most in parts of the Midwest and Southeast. Continue reading
In the third quarter, mortgage rates fell from 4.08 percent to 3.71 percent, according to data from the National Association of Realtors. Continue reading
Nationwide, the average price of a single-family home fell modestly to $249,400 in January, from $256,400 in December, according to new NAR data. Continue reading
Housing affordability fell in the fourth quarter, according to the National Association of Realtors’ Housing Affordability Index, released on Tuesday. Continue reading