Existing-home sales dip for third month as buyers say ‘No thanks’

Existing-home sales decreased by 2.4 percent from March and 5.9 percent from the year before as declining affordability continued to put off homebuyers, according to the National Association of Realtors. Continue reading

Pending home sales keep falling as market conditions ‘normalize’: NAR

Pending home sales dipped for the fifth-straight month in March, with the Pending Home Sales Index dropping 1.2 percent from February to 103.7, according to the National Association of Realtors. Continue reading

Existing-home sales drop for second month as buyer demand stalls

Total existing-home sales dropped by 2.7% from February 2022 and by 4.5% from March 2021 to a seasonally adjusted annual rate of 5.77 million, according to the National Association of Realtors. Continue reading

Fueled by climbing mortgage rates, existing-home sales rise again

The median existing-home sales price, meanwhile, soared 13.9 percent year over year in November as inventory plunged 13.3 percent, according to data released Wednesday by the National Association of Realtors. Continue reading

First-time homebuyers likely to be hit hardest by inflation in 2022

Real estate coach Brian Buffini shared his annual predictions for the year ahead during a webcast in which he urged agents to hunker down on the fundamentals of their training and get back to basics in preparation for a market shift. Continue reading

2021 on pace to tally biggest year in existing-homes sales since 2006

Inventory across all housing types fell 0.8 percent from the month previous and 12 percent year over year to 1.25 million units. Nonetheless, home sales are expected to exceed 6 million by the end of the year. Continue reading

Pending home sales take a hit in September: NAR

Slowed contract signings in September are a likely sign that home price growth will soon come back down to earth, NAR Chief Economist Lawrence Yun said. Continue reading

Existing-home sales rebound in September after August dip: NAR

Existing-home sales made a rebound in September following a dip in sales in August, NAR reported. All four major U.S. regions saw an increase in sales from the previous month. Continue reading

Pending home sales beat projections following 2 months of declines: NAR

Pending home sales finally saw some positive growth in August, following two consecutive months of declines in June and July, the National Association of Realtors reported. Continue reading

Existing-home sales take a U-turn following 2-straight months of gains

Existing-home sales declined 2 percent between July and August to a seasonally adjusted annual rate of 5.88 million, with all geographical regions in the US seeing monthly and annual declines. Continue reading