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…
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 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 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 rebounded from a December plummet in January, increasing month-over-month, but not annually. Sales increased by 3.1% to a seasonally adjusted annual rate of 4.00 million, according to the latest data from the National Association of Realtors. They were down 1.7% from the same time last year, however. The Midwest, West, and South all…
New home sales spiked in December as cooling rates encouraged purchase-shy buyers to make the leap. That’s according to data from the U.S. Census Bureau and the Department of Housing and Urban Development, which reported sales up by 8% from October to a seasonally adjusted annual rate of 664,000, a jump from the month priors’…
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…
New home sales sank again in November despite cooling mortgage rates, according to data from the U.S. Census Bureau and the Department of Housing and Urban Development. Sales fell by 12.2% from October to a seasonally adjusted annual rate of 590,000, well below the rate of 685,000 units predicted by economists. This is the sharpest…
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