NAR reports that pending home sales nationwide rose in June, increasing in the Northeast and Midwest, while the South and West reported declines for the month.
Read More »Home-Sale Prices Rise for First Time in Five Months
Today, a monthly budget of $3,000 can afford a home valued at $450,000—a far cry from the $510,000 home it could have purchased a year ago.
Read More »‘Hot’ Spring Homebuying Season Doesn’t Live Up to Expectations
Spring is typically a busy homebuying season, but new listings of homes for sale are down 24% from a year ago, according to a new report from Redfin. The total number of homes for sale is also down nearly 10%, representing the biggest drop in over a year.
Read More »Median Home Prices Fall Up to $80k Across the Country
Boise, Idaho and Austin, Texas experienced the biggest drops in home prices as U.S. median home sale prices fell 4.1% across the board. Click through to see what that decline represents.
Read More »Monthly Mortgage Payments Hit Record High in April
According to a new report from Redfin, high home prices and mortgage rates are pushing the monthly mortgage payment on a median-priced home to $2,573.
Read More »Pending Home Sales Numbers Improve, Further Incremental Improvements Expected
“Home sales activity looks to be bottoming out in the first quarter of this year, before incremental improvements will occur,” said NAR Chief Economist Lawrence Yun.
Read More »Annual Rent Growth Slows to Nearly Two-Year Low
January marked the lowest rate of home appreciation since the spring of 2021, declining for the ninth straight month to 5.7%. Meanwhile, Orlando, Florida posted the country’s largest annual gain for the third consecutive month.
Read More »Mortgage-Purchase Applications Up 3%
A sign of future activity, mortgage-purchase applications are up, although pending home sales are down 20% year-over-year.
Read More »Report: YoY Pending Sales Down 30% Nationally
A new report from the National Association of Realtors shows pending home sales numbers improving on a monthly basis for the first time in six months. Click through to read Chief Economist Lawrence Yun’s thoughts on the matter.
Read More »Homebuyer Interest Wanes in Former Pandemic Hotspots
Declines in pending home sales were found by Redfin in pandemic homebuying hotspots of Las Vegas, Phoenix, and Austin, with each city reporting that pending sales plummeting more than 50%.
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