The US is short 3.8M homes — Realtor.com wants to fix that
Despite builders’ best efforts, America’s 3.8M housing gap won’t be closed until 2032, according to a new analysis. Realtor.com is aiming to expedite that timeline with a new zoning campaign
by Marian McPherson Mar 10
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
New-home sales plunge 10.5%, fall below expectations
Compared to December, new-home sales dropped 10.5% to a seasonally adjusted rate of 657K, according to US Census Bureau data
by Richelle Hammiel Feb 26
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
Renewed buyer activity boosts pending home sales 7.6%
Easing mortgage rates and increased inventory in September undercut buyer anxiety from the previous months, leading to a 7.6 percent month over month increase in contract signings.
by Marian McPherson Oct 30
US home prices rise modestly amid affordability strains
US home prices were up in August, with both the Federal Housing Finance Agency (FHFA) and S&P CoreLogic Case-Shiller Indices recording a 4.2% annual gain
by Richelle Hammiel Oct 29
real estate economist
Windermere’s Principal Economist Jeff Tucker looks at September’s ‘disappointing’ existing-home sales report and discusses some of the factors impacting the numbers
by Jeff Tucker Oct 28
September existing-home sales fall, but inventory offers hope
Existing-home sales continued their downward trajectory in September, declining 3.5% year over year and 1% month over month, according to data released Wednesday by NAR
by Richelle Hammiel Oct 23
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