Existing-home sales retreated for the fourth consecutive month in May, according to the National Association of Realtors (NAR). Month-over-month sales declined in three out of four major U.S. regions, while year-over-year sales slipped in all four regions. Total existing-home sales ...
Read More »Q1 Ends With U.S. Home Prices on the Upswing
Homebuying reached new highs in March, as buyers clamored to lock in rates and close deals prior to a spike in mortgage rates amid inflationary concerns.
Read More »Distressed Home Sales Down 2% YoY in April
NAR reports that foreclosures and short sales represented less than 1% of total home sales in April 2022, but down slightly from April 2021’s totals.
Read More »Supply Chain Issues Impeding Builder Progress
The sale of new homes dipped in March with builder confidence diminishing, as builders continued to struggle to complete homes under construction due to a shortage of materials.
Read More »Median Sale Price in February Hits $357,300
Continuing a pattern of recent rises and declines over the last few months, existing home sales dropped in February 2022 according to the Existing Home Sales Report from the National Association of Realtors (NAR). The NAR recorded a seasonally adjusted ...
Read More »Inventory of Homes Drops Again to 923,000 Units
The supply of available homes dropped again in December—a new low recorded by Zillow.
Read More »Existing Home Sales Dipped in December
Closing the books on 2021, The National Association of Realtors (NAR) has reported that, during the month of December, existing-home sales declined 4.6% from November, to a seasonally adjusted annualized rate of 6.18 million, snapping a three-month streak of increases. Despite the monthly drop, existing home sales increased by an overall ...
Read More »Income and Equity Rise in Unison Over the Past Decade
As home prices fell about 30% from the peak level in 2006 from 2021, appreciation has rebounded, causing a surge in home purchases.
Read More »Swift Competition Drives Home Prices Upward
Home buyers continued to snap up the limited supply of available homes, exerting upward pressure on sales prices and overall home-price growth.
Read More »Home Sales Continue Resilient Push in October
Despite mounting affordability challenges, existing-home sales continued to push upward, rising a slight 0.8% over September’s totals.
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