April 27 (Reuters) – Contracts to buy U.S. previously owned homes tumbled unexpectedly in March to snap a three-month rebound, raising a caution flag about what had appeared to be a nascent recovery in a housing market that has been clobbered by rising interest rates.
Pending Home Sales Unexpectedly Declined in March
October’s home sales were down 4.6% from September and down 8.7% from one year earlier, according to new data from RE/MAX (NASDAQ:RMAX). Last month’s median sales price of $410,000 held steady from the prior month […]
May was the 43rd consecutive month that the number of homes available has fallen in year-over-year comparisons. The post Home Sales Continue to Decline in New York State appeared first on Weekly Real Estate News.
More signs are pointing to a housing slowdown as existing-home sales–completed transactions for single-family homes, townhomes, condos and co-ops–fell 5.9% month over month and 20% year over year, according to the National Association of REALTORS(R)’ […]
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