Pending home sales rise modestly in August as mortgage rates dip
Pending home sales edged up 0.6% in August, as declining mortgage rates made home purchases more affordable, according to data released Thursday by the National Association of Realtors
by Richelle Hammiel Sep 26
2024 could be worst year for home sales since 1995: Fannie Mae
Falling mortgage rates should help boost home sales by nearly 10% next year. But in the meantime, inventory shortages and affordability challenges are keeping a lid on sales in many markets
by Matt Carter Sep 20
June saw a 4.8% uptick in pending home sales
Pending home sales rose 4.8% in June, with all 4 US regions showing monthly gains in contract signings, the National Association of Realtors reported on Wednesday
by Richelle Hammiel Jul 31
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
Disparity in agent splits evident in Northeast, Intel analysis reveals
Times are tough for nearly every real estate business. But different parts of the country report unique challenges and approaches, as illustrated by Intel’s monthly gauge of industry sentiment
by Daniel Houston Jul 19
housing construction, housing, getty
Builder confidence dropped 1 point in July to 42, according to the latest NAHB Housing Market Index. That's the lowest score since December 2023
by Richelle Hammiel Jul 16
Zoom in closer: 4 regional housing insights from the Inman Intel Index
Times are tough for nearly every real estate business. But different parts of the country report unique challenges and approaches, as illustrated by Intel’s monthly gauge of industry sentiment
by Daniel Houston Jul 8
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 fell in April but expected rate cuts offer some hope
Contract signings fell 7.7% between March and April to a score of 72.3 on the Pending Home Sales Index last month, according to data released Thursday by the National Association of Realtors
by Ben Verde May 30
Steep home-price growth hampers February pending sales
Pending home sales declined 7% year over year in February, according to the NAR. However, a slight uptick in monthly inventory and contract signing trends provide hope for a market rebound
by Marian McPherson Apr 25
Existing-home sales drop in March as high rates stun homebuyers
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
by Ben Verde Apr 18
William Raveis reflects on 50 years of selling real estate
Inman sat down with Raveis following his firm's 50-year anniversary to discuss what it takes to lead a brokerage for half a century
by Ben Verde Apr 5
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
Rent prices post highest annual increase in over a year: Redfin
The median asking rent in the United States rose 2.2% year over year to $1,981 in February, the largest annual gain since January 2023 and a 0.9% increase compared to the month before
by Ben Verde Mar 11
Pending home sales dropped in January as mortgage rates rose
Pending home sales dropped off 4.9% between December and January and were down 8.8% year over year
by Ben Verde Feb 29