“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
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 […]
Weely Real Estate News
Existing Home Sales Up 9.5%
Existing home sales during February spiked by 9.5% from January to a seasonally adjusted annual rate of 4.38 million, according to new data from the National Association of Realtors (NAR). This represented the largest monthly […]
Mortage News
Existing Home Sales Hit by Higher Rates and Low Inventory
The National Association of Realtors (NAR) measures the sales of previously owned homes. These so-called Existing Home Sales account for a vast majority of all home sales in the US. Existing sales bottomed out in […]