90% of all US metros charted price jumps in Q4 despite big rate hikes
Existing-home sales prices increased in nearly 90% of metro areas, but gains were smaller than the previous quarter, according to data released Thursday by the National Association of Realtors
by Ben Verde Feb 9
Existing-home sales dip for 11th month, but NAR sees light ahead
Existing-home sales fell 1.5% nationally between November and December while plunging 34% from December 2021, according to data released Friday by the National Association of Realtors
by Ben Verde Jan 20
Existing-home sales drop in November as median prices inch up
Sales of existing homes in November fell 7.7% to a seasonally adjusted annual rate of 4.09M, according to data released Wednesday by the National Association of Realtors
by Ben Verde Dec 21
Two key charts to make sense of the crazy US housing market
Opinion
Media headlines focusing on a pending US housing market crash are based on limited data that's skewed by the outsized 2021 numbers
by Mike DelPrete Dec 12
Existing-home sales slip for ninth-consecutive month in October
Sales of existing homes fell 5.9% to a seasonally adjusted rate of 4.43M — 28.4% lower than in October 2021, according to data released Friday by the National Association of Realtors
by Ben Verde Nov 18
Prices will fall in 2023. But savings will be negligible due to headwinds
Home prices could fall by 8%, but rising mortgage rates and a 'mild recession' will blunt the savings in buyers' pockets, according to Capital Economics' new US Housing Market Outlook
by Marian McPherson Nov 17
Existing-home sales drop for 8th straight month in September
Existing-home sales sagged 1.5% to a seasonally adjusted annual rate of 4.71M, 23.8% lower than in September 2021, according to data released Thursday by the National Association of Realtors
by Ben Verde Oct 20
Median sale price dips below $400K as existing-home transactions slip
The median sale price of an existing US home declined to $389,500 in August, down from July when it sat at $403,800, according to data Wednesday by the National Association of Realtors
by Ben Verde Sep 21
Existing home sales drop for 6th straight month: 'Not a recession'
'Inventory remains tight and prices continue to rise nationally with nearly 40% of homes still commanding the full list price,' said NAR's Chief Economist Lawrence Yun
by Ben Verde Aug 18
Home sales should be falling, but not this fast. Here are 3 things to watch
Homebuying power has been in decline but the market fundamentals remain as strong as they were in 2019. Here is some advice from First American Chief Economist Mark Fleming
by Daniel Houston Aug 2
Home sales fall for 5th month as median prices hit record high
Sales of existing homes ticked down 5.4% between May and June, falling 14.2% from a year ago, as median prices rose to $416,000, according to the National Association of Realtors
by Ben Verde Jul 20
US existing-home sales prices tally new record after topping $400K
Total sales of existing homes, condos and co-ops dropped 3.4% between April and May to a seasonally adjusted rate of 5.4M, according to new data from the National Association of Realtors
by Ben Verde Jun 21
Fannie Mae downgrades home sales expectations for 2022 and 2023
Higher mortgage rates are now 'housing market's primary constraint,' economists at Fannie Mae said in a new forecast predicting home sales will fall 13.5% this year
by Matt Carter Jun 16
Pending home sales keep falling as market conditions 'normalize': NAR
Pending home sales dipped for the 5th straight month in March, with the Pending Home Sales Index dropping 1.2% from February to 103.7, according to the National Association of Realtors
by Lillian Dickerson Apr 27
Existing-home sales tick downward in February
Sales of existing homes fell to a seasonally adjusted rate of 6.02M, a 7.2% decrease from the previous month, according to data released Friday by the National Association of Realtors
by Ben Verde Mar 18