“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
The silver lining in the existing home sales report
On Thursday the National Association of Realtors reported that we had a 23.8% year-over-year decline in existing home sales in September and total inventory has now fallen on back-to-back reports. Earlier in the year, I […]
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 […]