Tag Archives: lawrence yun

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 →

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 →

Pending sales rise at fastest clip since January as buyers shift gears

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Building on upward momentum from June, pending home sales rose 0.9 percent in July even as analysts expressed doubt the rally would last, according to new National Association of Realtors data. Continue reading →

Homebuyer mortgage demand falls to lowest level since 1995

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As mortgage rates hit new post-pandemic highs on inflation worries, an MBA survey finds applications for purchase loans fell for the sixth consecutive week last week and are down 30 percent from a year ago. 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 →

US prices fell this spring, new data shows. Not that anybody noticed

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Price declines were bigger in the spring than in the late winter, according to quarterly home sales data issued Thursday by NAR. But to real estate agents in most U.S. markets, it didn’t feel that way. Continue reading →

Did the US dodge a recession? As outlook softens, analysts reassess

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A rising tide of economists are backing away from early forecasts that the U.S. is very likely to enter a recession later this year or by the first quarter of 2024. But some still see dark clouds ahead. Continue reading →

Foreign buyers target high-end homes as transactions fall 14%

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The average price of homes sold to foreign buyers was $639,900, the National Association of Realtors said. The median price was $396,400. Both numbers are record highs. Continue reading →

Pending home sales post first increase since February

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Homes under contract inched up 0.3 percent between May and June to a measure of 76.8 on the Pending Home Sales Index, according to data released Thursday by the National Association of Realtors. Continue reading →