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…
Pending home sales rode the low-rate wave in September, continuing an upward trend. NAR’s Pending Home Sales Index increased 7.4% month-over-month to a reading of 75.8, besting a 0.6% bump in August to reach its highest level since March. An index of 100 is equal to the level of contract activity in 2001, when NAR…
Pending home sales ticked up in August, reversing a downturn. NAR’s Pending Home Sales Index increased by 0.6% month-over-month to a reading of 70.6, recovering somewhat after falling to its lowest level on record in July. An index of 100 is equal to the level of contract activity in 2001, when NAR began tracking this…
Pending home sales slipped last month, overriding a surprise June uptick. NAR’s Pending Home Sales Index fell by 5.5% month-over-month to a reading of 70.2 in July, its lowest level on record. An index of 100 is equal to the level of contract activity in 2001, when NAR began tracking this data. Year-over-year, sales were…
Pending home sales recovered from an unexpected downturn in June, besting economists’ estimates. NAR’s Pending Home Sales Index rose by 4.8% month-over-month to a reading of 74.3 last month, jumping after May’s slip to its lowest level on record. An index of 100 is equal to the level of contract activity in 2001. This is…
The $418 million settlement that has rocked the real estate industry since it was announced by the National Association of Realtors continues to be a hot topic, and as the dust begins to settle, industry professionals are creating a strategy for what to do once the changes go into effect. Writer Nicole Murray sat down…
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…
Housing was barely mentioned in last week’s presidential debate and addressed only by President Joe Biden, not Donald Trump. Biden pushed recent housing actions as proof that his administration is tackling the affordability crisis, an issue that strikes home for millions of Americans. U.S. Secretary of the Treasury Janet Yellen recently announced new efforts by…
Pending home sales unexpectedly fell in May, hitting an all-time low. NAR’s Pending Home Sales Index fell by 2.1% month-over-month to a reading of 70.8 last month, its lowest level on record. An index of 100 is equal to the level of contract activity in 2001. Year-over-year, sales were down 6.6%. The drop came as…
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