Home prices kept rising in Q1 but fewer cities saw double-digit gains
Nearly 85% of all US metro areas saw year-over-year price increases for single-family existing homes, down from 89% in the final quarter of 2024, according to data released Thursday by NAR
by Richelle Hammiel May 8
Pending home sales jump as buyers eye lower mortgage rates
Contract signings jumped 6.1% in March. That represents the biggest monthly gain since December 2023, according to the National Association of Realtors
by Richelle Hammiel Apr 30
Existing-home sales fall to slowest pace since 2009 amid rising costs
Existing-home sales dropped by 5.9% from February and by 2.4% from March 2024 as homebuyers continued to deal with affordability challenges, said NAR Chief Economist Lawrence Yun
by Lillian Dickerson Apr 24
Pending home sales tick up as buyers make cautious comeback
The Pending Home Sales Index (PHSI) rose by 2.0% to 72.0 in February, according to new data released Thursday by NAR. But contract signings fell 3.6% compared to last year
by Richelle Hammiel Mar 27
Existing-home sales rebounded in February amid inventory uptick
As buyers cautiously reentered the market, existing-home sales rose 4.2% from January to 4.26M, according to data released Thursday by NAR. Compared to last year, sales remained down by 1.2%
by Richelle Hammiel Mar 20
Pending home sales fall 4.6% to an all-time low, NAR says
The Pending Home Sales Index (PHSI), which tracks home sales based on contract signings, dropped 4.6% to 70.6 in January, marking an all-time low, according to NAR data
by Richelle Hammiel Feb 27
Existing-home sales dip in January but maintain annual growth
Existing-home sales fell 4.9% in January to a seasonally adjusted rate of 4.08M. Despite the month-over-month decline, sales were still 2% higher than a year ago
by Richelle Hammiel Feb 21
Pending home sales decline 5.5% following months of growth
The Pending Home Sales Index (PHSI), which tracks contract signings as a measure of future home sales, fell 5.5% to 74.2 in December, according to data released Thursday by NAR
by Richelle Hammiel Jan 31
Existing-home sales surge to highest level in more than 3 years
Existing-home sales rose 6.1% annually in November while 3 out of 4 US regions saw increases from 2023, according to new data released Thursday by the National Association of Realtors
by Richelle Hammiel Dec 19
Pending home sales rise for 3rd month, driven by higher inventory
Driven by an improved housing inventory, pending home sales rose modestly in October, marking its third-consecutive monthly increase, according to data released on Wednesday by NAR
by Richelle Hammiel Nov 27
US home prices rose in 90% of metro areas in Q3, NAR says
The median price for single-family existing homes increased by 3.1% year over year to $418,700, with the 30-year fixed mortgage rate ranging between 6.08% and 6.95%
by Richelle Hammiel Nov 7
Home prices grow in 90% of metros as Silicon Valley breaks $2M ceiling
San Jose, California, a major tech hub, tallied single-family existing-home prices exceeding $2M in Q2 for the first time since the National Association of Realtors began tracking home prices in 1979
by Lillian Dickerson Aug 13
Pending home sales fall by 2.1% in May as buyer demand softens
High mortgage rates continued to curb homebuyer activity in May, NAR said. As inventory rises in upcoming months, slower home price growth will follow, and likely more buyers in the market
by Lillian Dickerson Jun 27
Pending home sales tally modest uptick amid rise in jobs, inventory
Fueled by positive job growth and an increase in available housing, the National Association of Realtors' Pending Home Sales Index rose 1.6% in February, according to data released Thursday
by Lillian Dickerson Mar 28
Did the US dodge a recession? As outlook softens, analysts reassess
A rising tide of economists are backing away from early forecasts that the US is very likely to enter a recession later this year or by the first quarter of 2024. But some still see dark clouds ahead
by Taylor Anderson Aug 4