Existing home sales rebounded unexpectedly last month, surprising analysts as buyers took advantage of cooling rates and rising inventory. Sales increased 4.2% to a seasonally adjusted annual rate of 4.26 million, according to the National Association of Realtors. They were down 1.2% from the year prior, however. The South and West registered growth, while the…
Buyers took advantage of increasing new construction inventory in December, giving purchase activity a boost at the end of the year. New home sales jumped last month, according to data from the U.S. Census Bureau and the Department of Housing and Urban Development, which reported an increase of 3.6% on the month to a seasonally…
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 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 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…
Buyers and sellers continued to make waves in October, riding the high from September’s cooling rates and increased inventory. New listings lead to significant pending home sales bumps, with the biggest gains seen in Boston (+25.7%), San Diego (+22.1%), and Seattle (+50.5%), according to Realtor.com’s October Monthly Housing Report. The report notes that the rise…
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 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…
Both new home and existing-home sales improved with cooling mortgage rates in July despite record-high home prices. New home sales reversed a surprise downturn last month, according to data from the U.S. Census Bureau and the Department of Housing and Urban Development, which reported sales rising by 10.6% to a seasonally adjusted annual rate of…
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…
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