Pending home sales continued to fall in October, recording a 4.6% month-over-month drop that resulted in an index reading of 77.1, according to data released Wednesday by the National Association of Realtors. This is the […]
October saw contracts to purchase existing homes fall for the fifth straight month. The National Association of Realtors® (NAR) said its Pending Home Sales Index (PHSI) lost another 4.6 percent during the month, declining from […]
Homebuilders must be feeling some whiplash, as new single-family home sales continued to yo-yo in October. After rebounding in August from a drop in July only to fall again in September, new home sales were […]
The forecast for the housing market is expected to get gloomier next year before rebounding to 2022 levels in 2024. Fannie Mae‘s Economic and Strategic Research (ESR) Group forecasts single-family home sales to post 5.67 […]
The state of the housing market in 2022 is well known by now. The sharpest rate spike in 40 years to the highest rates in 20 years combined with the overvaluation from 2 years of […]
Pending home sales continued to drop in August, recording a 1.0% month-over-month decline that resulted in an index reading of 88.4, according to data released Wednesday by the National Association of Realtors. In July, the index […]
Homes are still selling in record time, but affordability and low inventories are driving sales lower. The National Association of Realtor(R) (NAR) says previously owned single-family homes, condominiums, townhouses, and cooperative apartment sold at a […]
More signs are pointing to a housing slowdown as existing-home sales–completed transactions for single-family homes, townhomes, condos and co-ops–fell 5.9% month over month and 20% year over year, according to the National Association of REALTORS(R)’ […]
Builders say more buyers are backing out of sales contracts for new homes as traffic fizzles, causing homebuilder confidence to drop for the eighth straight month, the Commerce Department reported Tuesday. Single-family home construction last […]
Economists say the historic shortage of homes for sale is coming to an end, as more inventory is added to the market. Realtor.com reported that active listings of existing homes rose 19$ in June, the fastest rise […]
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