Cold winter looms as pending home sales fall for 6th-consecutive month
The number of homes that went under contract in November dropped by another 4%, signaling a slow winter, according to data released Wednesday from the National Association of Realtors
by Daniel Houston Dec 28
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
Mortgage rates fall — but so does demand, breaking 4-week streak
As mortgage rates continue to retreat from 2022 highs, all eyes will be on Federal Reserve as policymakers conduct their final meeting of the year next week
by Matt Carter Dec 7
Pending sales fell in October for the fifth month in a row
Rising rates and nervous consumers have set up the housing market for its 'slowest fourth quarter in a decade,' according to one economist
by Jim Dalrymple II Dec 1
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
Homebuyer demand picks up again as mortgage rates retreat below 7%
While purchase loan applications were up 4% week over week, there's still 'very little refinance incentive with rates so much higher than last year,' MBA forecaster says
by Matt Carter Nov 16
NAR chief economist expects price of office space and apartments to dip
Lawrence Yun expects employees to spend 25% to 35% less time in the office, keeping downward pressure on office rent. The multifamily sector also saw prices drop with high borrowing rates
by Taylor Anderson Nov 14
NAR chief economist predicts 'strong rebound' in 2024
Lawrence Yun said home prices will rise 1% and sales will dip 7% next year before recovering in 2024, in contrast to a Fannie Mae forecast last month that predicted falling prices next year
by Andrea V. Brambila Nov 14
Annual home price gains fall to single digits in most markets: NAR
Annual home price growth fell from 14% in the second quarter to below 9%, according to the National Association of Realtors latest quarterly metro home price report, released Thursday
by Daniel Houston Nov 10
What to watch for at NAR's annual conference this week
NAR NXT in Orlando will feature sessions on fair housing, politics, market forecasts, MLS data-sharing and a proposed update to the Realtor Code of Ethics, among other topics
Pending home sales retreat 10.2%
Pending sales fell 10.2% between August and September, according to new data released Friday by the National Association of Realtors, 31% lower than they were during the same time last year
by Ben Verde Oct 28
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
Inflation up 8.2% over last year — and housing is largely to blame
Government’s estimate of the cost of owning a primary residence rose 0.8% in September and was up 6.7% compared to a year ago, which is the largest 12-month increase in the category's history
by Daniel Houston Oct 13
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
After 2 years of hikes, rental market may be bound for 'complete reversal'
Yet another sign of a widespread housing slowdown emerged as monthly rent price acceleration declined after 20 consecutive months of rapid increases, new data suggests
by Taylor Anderson Sep 13