The median sale price for an existing home in the US has grown to a whopping $419,300 — the highest since NAR began tracking the metric — following 11-consecutive months of price gains
Homes at the higher end of the market — priced at $1M or more — enjoyed the spoils with inventory and sales rising by double digits from a year ago, according to data released Wednesday by NAR
While 2024 is looking like more of the same down market, leading indicators may point to happier days ahead, according to Mike DelPrete
Existing-home sales retreated 4.3% between February and March to a seasonally adjusted annual rate of 4.19M, according to data released Thursday by the National Association of Realtors
Existing-home sales decreased 3.3% annually in February, according to the National Association of Realtors. However, sales did improve 9.5% from January — signaling that recovery won't be linear
Existing-home sales decreased 1.7% annually in January, according to the National Association of Realtors. However, sales did improve 3.1% from December
Loan applications for new-home purchases were up 19% from a year ago, according to a survey of builders by the Mortgage Bankers Association that's been an accurate predictor of trends
The steepest part of the home-transaction downturn appears to be over. Is this where business turns around? Intel dives into the data
Fannie Mae economists no longer expect a recession in 2024 and are considerably more optimistic that mortgage rates have additional room to come down below 6%
Sales of existing single-family homes edged up 0.8% between October and November, and more gains are expected as interest rates settle
Two closely watched forecasts agree that mortgage rates have probably peaked, but the MBA and Fannie Mae diverge sharply on how quickly they'll come down over the next 2 years
Existing sales fell 4.1% in October to an annual rate of 3.79M, the lowest since 2010, according to data from NAR. Nonetheless, multiple offers are still happening, economist Lawrence Yun said
First-time buyers are less likely than homeowners to be holding out for lower mortgage rates. But they hold a host of other priorities and concerns, according to an Intel analysis of buyer behavior
Home sales fell 2% between August and September and retreated 15.4% from a year ago as prices and interest rates climbed
Homebuyers are backing away from the market as mortgage rates continue to climb. But new listings aren't declining as quickly, Redfin reports