Tag Archives: lisa sturtevant

New-home sales spiked in August to highest rate since 2022

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The 20.5 percent increase was unexpected and reversed a trend of lower new-home sales thus far in 2025.  Continue reading →

Does this new housing data foreshadow a recession?

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New home starts fell 8.5 percent from July to August as builders continued to react to the negative economic outlook, according to data from the U.S. Census Bureau. Continue reading →

US home prices see modest annual gains, but lag behind inflation

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The S&P Cotality Case-Shiller Index reported home price gains of 1.9 percent while the FHFA reported nationwide home price gains of 2.9 percent. Inflation sits at 2.7 percent, which still leaves consumers in a sticky situation. Continue reading →

NAR sees existing-home sales rise ‘ever so slightly’ in July

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Existing-home sales edged up in July, as increasing inventory and improving affordability pushed more homebuyers into the market. The sale of single-family, townhomes, condominiums, and co-ops increased 2 percent month-over-month and 0.8 percent year-o… Continue reading →

Homebuyers still have jitters about the economy and job market

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Mortgage rates have stabilized and more inventory is coming online, but applications for purchase loans fell by a seasonally adjusted 6 percent last week compared to the week before. Continue reading →

June contract signings signal rock-bottom end to 2025

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Pending home sales dropped on a monthly and annual basis in June, according to the National Association of Realtors. Economists are split on what the decline means for the market as homebuyers navigate wider economic fears. Continue reading →

Slowing price growth still doesn’t open doors for homebuyers

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Home price growth slowed to the lowest level in two years in May. However, market pressures, primarily from elevated mortgage rates, mean buyers are still struggling to afford homes. Continue reading →

Mortgage rate woes undercut June new home sales

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Despite ample inventory and more affordable prices, seasonally adjusted new residential sales dropped 6.6 percent annually. Experts attributed the drop to mortgage rates as the primary cause. Continue reading →

Mortgage rate drop unlikely after strong June jobs report

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The report beat analyst expectations by 37,000 jobs, curtailing hopes of a short-term rate cut in September. Several economists say mortgage rates will likely stay elevated and keep homebuyers on the sidelines. Continue reading →

This spring, East Coast agents see signs of emerging buyer’s market

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Inventory is up and rates are down as fewer buyers face stiff competition and successfully find homes in less than a month, according to new data shared by BrightMLS. Continue reading →