“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 Wire
Existing home sales in May were slightly less bad than April
Existing home sales marginally increased in May, but were still down significantly from a year prior, according to the latest report from the National Association of Realtors (NAR). Total existing home sales rose 0.2% from […]
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 […]
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 […]