Existing Home Sales Continued Climbing In December

Existing Home Sales Continued Climbing In December

Existing home sales continued rising in December, seeing a massive annual increase. Sales increased 2.2% to a seasonally adjusted annual rate of 4.15 million, down from November’s 4.8% spike but still moving, according to the National Association of Realtors. They were up 9.6% from the year prior, the largest year-over-year gain since June 2021. All…

Existing Sales Exploded In November

Existing Sales Exploded In November

Existing home sales exploded in November despite rising rates. Sales increased 4.8% to a seasonally adjusted annual rate of 4.15 million, according to the National Association of Realtors. They were up 6.1% YOY. This is the first time in six months that the rate has surpassed four million. All major regions experienced annual gains for…

Existing Sales Improved In October

Existing Sales Improved In October

Existing home sales found their footing in October, rising in all four regions as rates moderated and inventory improved. Sales increased 3.4% to a seasonally adjusted annual rate of 3.96 million, according to the National Association of Realtors. They were up 2.9% YOY. “The worst of the downturn in home sales could be over, with…

New Construction Sales Soared, Existing Sales Down In September

New Construction Sales Soared, Existing Sales Down In September

New construction saw a boost in September while existing home sales went down. New home sales increased last month, according to data from the U.S. Census Bureau and the Department of Housing and Urban Development, which reported sales rising by 4.1% to a seasonally adjusted annual rate of 738,000. At the end of the month,…

Existing-Home Sales Reverse Upward Swing

Existing-Home Sales Reverse Upward Swing

Existing-home sales reversed an upward swing, falling in August as borrowers anticipated a policy change from the Central Bank. Sales dropped 2.5% to a seasonally adjusted annual rate of 3.86 million, wiping out a 1.3% increase in July that reversed four months of declines. They were down 4.2% YOY. But inventory got a boost, up…

Existing-Home Sales Tanked In June As Seller’s Market Corrects

Existing-Home Sales Tanked In June As Seller’s Market Corrects

Existing-home sales continued to their downward spiral in June as buyers take a “wait and see” approach to cooling rates. Existing sales plummeted by 5.4% last month to a seasonally adjusted annual rate of 3.89 million, according to the National Association of Realtors. They were down the same amount YOY. The slump came as the…

Existing-Home Sales Down As Sales Prices Hit Record High

Existing-Home Sales Down As Sales Prices Hit Record High

Existing-home sales dipped again in May as the median sales price hit a record high. Existing sales fell by 0.7% last month to a seasonally adjusted annual rate of 4.11 million, according to the National Association of Realtors. They were down 2.8% YOY. This was the worst May data since 2020 but in line with…

Existing-Home Sales Stifled By Lack Of Inventory, Unaffordability

Existing-Home Sales Stifled By Lack Of Inventory, Unaffordability

Existing-home sales continue to be stifled by “twin” market dynamics, and First American expects them to slow through the month. The company’s Existing-Home Sales Outlook “nowcasts” sales based on the historical relationship between sales, demographic trends, house-buying power, and the prevailing financial and economic conditions. For May, the company expects to see sales down YOY…

New Home Sales Slip As Existing Sales Surge

New Home Sales Slip As Existing Sales Surge

New home sales declined in February as existing sales surged, showing buyers still prefer affordable, older stock over new when it becomes available. That’s according to data from the U.S. Census Bureau and the Department of Housing and Urban Development, which reported sales down by 0.3% to a seasonally adjusted annual rate of 662,000, slipping…

Existing-Home Sales Now At Lowest Levels Since 1995

Existing-Home Sales Now At Lowest Levels Since 1995

Existing-home sales slipped in December to their lowest point since 1995. Sales declined by 1% to a seasonally adjusted annual rate of 3.78 million, according to the latest data from the National Association of Realtors. They were down 6.2% from the same time last year. The South and Midwest experienced declines month-over-month, while the Northeast…

End of content

End of content