New home sales are still up 9.2% year over year but have been falling since March, likely as a result of high home prices due to the rising cost of construction materials like lumber
The Pending Home Sales Index declined 2.8% from the previous month to 122.8, but was up 13% from the year before and marked an all-time high for January
Despite continuing monthly declines, the Pending Home Sales Index (PHSI) hit an all-time high for the month of December at 125.5
The increase sent the Pending Home Sales Index sailing to 122.1, marking the third month in a row of sales growth, according to the National Association of Realtors
Meanwhile, existing-home sales in June rebounded 20.7% month over month, according to market report released Wednesday by the National Association of Realtors
Realtor.com Chief Economist Danielle Hale believes mortgage rates could go lower this week, but rates and affordability won't be the only thing impacting the housing market
What would the overall impact of suspending mortgage payments be on the US economy? A Keller Williams economist weighs in
The average 30-year mortgage hit an all-time low of 3.29% this week, according to data from Freddie Mac
Economists and agents offered different opinions on how the 2nd rate cut of the year will impact housing market
Zillow business shifts, Wall Street's thoughts on profitability and a slow housing market were the biggest topics over the past 2 weeks
The Federal Reserve cut interest rates for the first time since the recession. Will mortgage rates dip further?
The National Association of Realtors' Pending Home Sales Index increased modestly but remains below 2018 levels
Prices rose 3.5% year-over-year, according to CoreLogic Case-Shiller U.S. National Home Price NSA Index
Home prices rose only 4.3%, according to Case-Shiller
Experts believe that appreciation will continue to fall below 5% in 2019, but homes remain unaffordable for many