Existing-home sales decreased by 5.9 percent from February and by 2.4 percent from March 2024 as homebuyers continued to deal with affordability challenges, said NAR Chief Economist Lawrence Yun. Continue reading
The surge in sales was a welcome positive sign during a tenuous period for the U.S. economy. However, high prices and high mortgage rates continue to curb homebuyers, new HUD data shows. Continue reading
The Pending Home Sales Index (PHSI) rose by 2.0 percent to 72.0 in February, according to new data released Thursday by NAR. But contract signings fell 3.6 percent compared to last year. Continue reading
The Pending Home Sales Index (PHSI) rose by 2.0 percent to 72.0 in February, according to new data released Thursday by NAR. But contract signings fell 3.6 percent compared to last year. Continue reading
As buyers cautiously reentered the market, existing-home sales rose 4.2 percent from January to 4.26 million, according to data released Thursday by NAR. Compared to last year, sales remained down by 1.2 percent. Continue reading
Privately owned housing starts rose 11.2 percent but still fell behind February 2024 activity, according to data released Tuesday by the U.S. Census Bureau and the Department of Housing and Urban Development. Continue reading
Despite builders’ best efforts, America’s 3.8 million housing gap won’t be closed until 2032, according to a new analysis. Realtor.com is aiming to expedite that timeline with a new zoning campaign. Continue reading
The Pending Home Sales Index (PHSI), which tracks home sales based on contract signings, dropped 4.6 percent to 70.6 in January, marking an all-time low, while pending transactions fell 5.2 percent year over year. Continue reading
Existing-home sales dropped in January, as high mortgage rates and rising home prices continued to squeeze buyers, according to the National Association of Realtors (NAR). Existing-home sales fell 4.9 percent in January to a seasonally adjusted rate of… Continue reading
The Pending Home Sales Index (PHSI), which tracks contract signings as a measure of future home sales, fell 5.5 percent to 74.2 in December, according to data released Thursday by the National Association of Realtors. Continue reading