Existing-home sales faded 6.2% in December over the same month in 2022 while the median existing-home sales price rose 4%.
Read More »Home Sales Retreat YoY
NAR Chief Economist Lawrence Yun said, "The latest weakness in existing home sales still reflects the buyer bidding process in most of October, when mortgage rates were at a two-decade high before the actual closings in November.”
Read More »Fannie Mae Forecasts Originations Rebound
As 2023 draws to a close, Fannie Mae predicts that single-family home sales have likely bottomed out and should grow into the next year.
Read More »Potential Home Sales Experience Largest Monthly Growth in a Year
Mortgage applications climbed in November, but will home sales accelerate throughout the end of the year? Mark Fleming, Chief Economist at First American, details the state of existing-home sales and more market predictions.
Read More »U.S. Homeowners Remain Financially Disincentivized to Sell Their Homes
According to a new study from First American, some 90% of homeowners remain discouraged by the idea of selling their homes. Will that change if mortgage rates were to decline in 2024? Here’s what experts predict about the ongoing “sellers’ strike.”
Read More »Persistent Lack of Inventory Limiting Market Potential
One of the key datapoints of the newest housing snapshot from the National Association of Realtors is that existing home sales in October fell to a seasonally adjusted annual rate of 3.7 million units. Click through for more from this report.
Read More »NAR Forecast: Existing Home Sales on the Rise by Next Spring
According to National Association of Realtors Chief Economist Lawrence Yun, mortgage rates will be between 6-7% by next spring. Here’s what that may mean for existing home sales.
Read More »Up, Up, and Away: How Many U.S. Metros Reported Q3 Home Price Gains?
NAR reports that single-family existing-home sales prices rose in the vast majority of metros nationwide in the third quarter, with the national median home price growing to more than $406K.
Read More »Inventory, Median Existing-Home Sales Prices Up
Inventory increased by a modest amount, pushing it past three months’ of supply, while the median existing home sales price grew for the third month in a row. Find all the details in this breakdown of new NAR data.
Read More »August Data Finds Inventory, Home Prices Up
A snapshot of August’s existing-home sales data revealed that available months of inventory increased to 3.3 while median sales prices topped $407,000.
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