Despite market influences that are pushing up mortgage rates and slumping home sales numbers during the second quarter of 2022, most metropolitan areas still saw double-digit annual price gains compared to the previous quarter. This new information comes by way ...
Read More »Five Months of Existing-Home Sales Declines
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 ...
Read More »More Homeowners Are Staying Put Longer
With the average length of time Americans remain in their home now exceeding 10.5 years, rising mortgage rates will continue to discourage existing homeowners from selling their homes and further curb migration, according to a report.
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 »Q1 Home Price Increases Putting Homeownership Beyond the Reach of Many
According to the National Association of Realtors' latest quarterly report, Q1 of 2022 found more markets reaching double-digit annual price gains than the previous quarter. Meanwhile, approximately 70% of 185 measured metros experienced such price gains – up from 66% in ...
Read More »Financial Capacity Limits Pending Home Sales
According to the latest from the National Association of Realtors (NAR), pending home sales slipped 4.1% month-over-month in March, marking the fifth consecutive months of transaction decreases. Year-over-year, pending home sales dropped 8.2% in March, marking the tenth consecutive month ...
Read More »Rate Environment Putting the Squeeze on Housing Market
Upward trends in mortgage rates and median prices are forcing more back to the sidelines to re-consider their housing options.
Read More »Low Home Inventory Spurs Drop in February’s Pending Sales
Despite intense buyer demand, February marked the fourth consecutive month of declines seen in overall pending home sales nationwide.
Read More »Pending Home Sales Fall for Third Month
NAR found that pending sales lagged again in January, and predicts a volatile market moving ahead in 2022.
Read More »Southern Migration Boosting Sales Prices
For the fifth straight month, the South witnessed the highest pace of appreciation, as existing-home sales jumped 9.3% in the region in January.
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