Tag Archives: lisa sturtevant

October was another slow month for pending home sales

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New data shows that pending sales were down in October. The West was especially hard hit, though one region eked out a strong performance. Continue reading →

‘More persistent headwinds’ plague housing market as prices barely budge

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The latest numbers from the Case-Shiller Index show weak price growth in September. One expert even warned of “outright decline” in some markets. Continue reading →

Tailwinds pull October existing-home sales up 1.2%

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Favorable mortgage rates outweighed political uncertainty in October, according to the National Association of Realtors’ latest report. Existing-home sales increased 1.2 percent month over month and 1.7 percent year over year to a seasonally adjusted a… Continue reading →

Tailwinds pull October existing-home sales up 1.2%

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Favorable mortgage rates outweighed political uncertainty in October, according to the National Association of Realtors’ latest report. Existing-home sales increased 1.2 percent month over month and 1.7 percent year over year to a seasonally adjusted a… Continue reading →

Pending home sales remain stuck in the mud in September

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The National Association of Realtors’ monthly report showed that homebuyers are still a bit crippled by economic uncertainty, and recent mortgage rate drops have mostly only spurred refinance activity. Continue reading →

‘Signs of deceleration’ bedevil US home prices

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Home price growth continued to slow in August as buyers expressed trepidation over the economy, despite a healthy supply of inventory and lower mortgage rates, the FHFA and S&P Dow Jones Indices reported. Continue reading →

Price growth continues to slow, but economists say that may be good news for the market

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The housing market is moving deeper into a rut, according to the S&P Cotality Case-Shiller July index. National home prices grew at one of the slowest rates in a decade, only tallying a 1.7 percent year-over-year growth. The 20-City and 10-City Co… Continue reading →

Is the mortgage lock-in effect ending? These numbers offer clues

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The Federal Reserve’s decision to make a series of historic short-term rate cuts at the height of the pandemic has proven to be a double-edged sword, with the sharpest point being the percentage of would-be homesellers locked into their homes by 2 perc… Continue reading →

Pending home sales jumped 4% in August in positive market signal

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NAR Chief Economist Lawrence Yun said lowering mortgage rates were leading to more buyers coming to market, but Bright MLS Chief Economist Dr. Lisa Sturtevant said hopes for a fall market rebound should stay tempered. 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 →