“Mortgage rates heavily influence the direction of home sales,” said NAR Chief Economist Lawrence Yun.
The post Existing Home Sales Down 20% from One Year Ago appeared first on Weekly Real Estate News.
Existing Home Sales Down 20% from One Year Ago
Weely Real Estate News
Housing market: Existing home sales indicate the beginning of a correction
Source: Yahoo Finance — BRIAN SOZZI: All right, from record home prices to record mortgage rates, 2022 has been a wild ride for the now ice-cold housing market. But could this pain be good for prospective […]
Housing Wire
Existing home sales may have bottomed: First American
Existing home sales have declined approximately 30% since mortgage rates started rising in the fall of 2021, according to First American’s Potential Home Sales Model for June 2023. But home sales may have now reached […]
Housing
California Records First Year-Over-Year Uptick in Existing-Home Sales in 31 Months
California existing home sales reached their highest level in six months during January, according to new data from the California Association of Realtors (CAR). Closed escrow sales of existing, single-family detached homes in California […]