“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
Unenchanted April: Existing Home Sales Down Last Month
The median existing-home price for all housing types in April was $388,800. The post Unenchanted April: Existing Home Sales Down Last Month appeared first on Weekly Real Estate News.
Housing Wire
Existing home sales down 22% from a year ago
After posting a surprising 14.5% monthly increase in February, breaking a year long streak of declines, existing home sales were back down again in March, according to a report from the National Association of Realtors (NAR), released […]
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 […]