Existing-home sales decline, median sales price hits record high
In June, existing-home sales continued to decline across all 4 US regions, while the median existing-home price reached a record high for the 2nd consecutive month, according to NAR
by Richelle Hammiel Jul 23
Existing-home sales dip in April — but rising inventory lifts high-end
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
by Ben Verde May 22
New-home sales fall abruptly in February for first time in 3 months
Sales of newly built homes slipped a modest 0.3% between January and February to a seasonally adjusted annual rate of 662,000, according to data released Monday by the US Census Bureau
by Ben Verde Mar 25
Fannie and Freddie 2024 loan limits upped to $766,550 in most areas
Surge in Q3 home prices pushes mortgage giants' conforming loan limits in high-cost housing markets to $1,149,825 for single-unit properties, and up to $2,211,600 for 4-unit properties
by Matt Carter Nov 28
New-home sales fall beneath the weight of October mortgage rates
Sales of newly built single-family homes clocked in at a seasonally adjusted annual rate of 679,000 during the month of October
by Ben Verde Nov 27
Existing-home sales droop as mortgage rates hit 20-year highs
Home sales fell 2% between August and September and retreated 15.4% from a year ago as prices and interest rates climbed
by Ben Verde Oct 19
Intel unpacks the startling price of entry into the US housing market
Economists, homeowners and agents broke down the alarming but true cost of buying property in 2023, telling Intel that rising rates and home prices are only the start for wallet-stretched buyers
by Marian McPherson Oct 4
Existing-home sales fall off 0.7% led by Southern, Western markets
Sales of existing homes slid 0.7 percent between July and August to a seasonally adjusted annual rate of 4.04 million but held steady in the Northeast and rose in the Midwest
by Ben Verde Sep 21
New-home sales wilt in June but remain elevated amid low inventory
New-home sales drooped 2.5% from May to a seasonally adjusted rate of 697,000 — 23.8% higher than June 2022, according to data released Wednesday by the US Census Bureau
by Ben Verde Jul 26
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
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
'It's a hopeful sign': Builders forge ahead on new home starts
Builders kicked off construction on 129,400 new housing units in November — a half-percent increase on a month when starts typically decline, according to the US Census Bureau
by Daniel Houston Dec 16
Eviction and foreclosure bans end
Economists and housing experts share what could unfold for homeowners, renters and the economy now that the CDC's eviction and foreclosure moratorium is over
by Marian McPherson Jul 31
New home sales plunge to 14-month low in June
New residential sales declined 19.4% from June 2020, according to the US Census Bureau's latest report on Monday.
by Marian McPherson Jul 26
After stellar March, new home sales reverse course, dip 6% in April
The decline follows a record month for new home sales, when they hit a 15-year high of more than 1 million in March, according to new data from the US Census Bureau
by Lillian Dickerson May 25