Tag Archives: Existing Home Sales

“Home prices fell in February, the first year-over-year decline in the national median home price in more than two decades,” said Bright MLS Chief Economist Dr. Lisa Sturtevant.

Zillow's latest survey forecasts U.S. home values to remain nearly flat, rising just 0.2% over the course of 2023, with California to expected to experience the biggest declines.

According to the National Association of Realtors, all four major U.S. regions analyzed recorded month-over-month and year-over-year declines in existing home sales.

The GSE’s Economic & Strategic Research Group predicts the economy will experience recessionary conditions starting during the first quarter of 2023. Here’s what else their latest forecast suggests.

Distressed sales, including foreclosures and short sales, comprised just 1% of home sales in October 2002 according to new NAR data, down from 2% in September.

The confluence of market forces that are currently weighing on the market is shaking up long-term forecasts. Here’s why Fannie Mae Chief Economist Doug Duncan thinks “it’s unlikely the economy will avoid a modest recession.”

For the fifth consecutive month, existing-home sales dropped as three of the four major geographic regions of the country experienced month-over-month declines. On a yearly basis, sales sank in all four regions.  All-in-all, total existing home sales for June 2022—which ...

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 ...

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.

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.