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…
Pending sales sank to their lowest level on record due to high rates and severe weather. NAR’s Pending Home Sales Index decreased 4.6% from December to a reading of 70.6. An index of 100 equals the level of contract activity in 2001 when NAR began tracking this data. The decrease is much larger than expected…
After a surprise bump in December, new home sales took a turn last month thanks to persistent unaffordability and winter weather. New home sales slipped 10.5% on the month to a seasonally adjusted annual rate of 657,000, according to data from the U.S. Census Bureau and the Department of Housing and Urban Development. Sales fell…
Existing home sales declined for the month but saw an annual spike in January. Sales fell 4.9% to a seasonally adjusted annual rate of 4.08 million, adding to December’s 2.2% decline, according to the National Association of Realtors. They were up 2% from the year prior, however, the fourth consecutive YOY gain. All major regions experienced declines…
Pending sales reversed a four-month upward swing in December, falling across the country as Americans headed toward 2025. NAR’s Pending Home Sales Index decreased 5.5% from November to a reading of 74.2. An index of 100 equals the level of contract activity in 2001 when NAR began tracking this data. Year-over-year, sales were down 5%….
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…
Both new and pending home sales saw a significant boost in November as inventory corrected and buyers adjusted to 6%-plus interest rates. New home sales increased a whopping 5.9% to a seasonally adjusted annual rate of 664,000, according to data from the U.S. Census Bureau and the Department of Housing and Urban Development. Year-over-year, they…
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…
New home sales slipped to a two-year low in October, while pending sales rose across the board, pointing to improving pre-owned activity. New home sales fell a whopping 17.3% to a seasonally adjusted annual rate of 610,000, according to data from the U.S. Census Bureau and the Department of Housing and Urban Development. Year-over-year, they…
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…
End of content
End of content
Before You Go, Get the Latest News and UPDATES!
Stay Tuned!