Eye On Housing
As inventory improved in recent months, existing home sales surged to 8-month high in September, according to the National Association of Realtors (NAR). Though housing demand remains strong as buyers want to take advantage of low mortgage rates before rates rise further, higher home prices are pricing out first-time and young buyers. Total existing home sales, including single-family homes, townhomes,… Read More ›
After four months of declines, existing home sales increased for the second consecutive month in July as housing inventory continued to improve, according to the National Association of Realtors (NAR). Though the median existing home price in July remained elevated, home prices may level off if inventory gradually increases in the coming months. Total existing home sales, including single-family homes,… Read More ›
After four months of declines, existing home sales stabilized in June as housing inventory modestly improved, according to the National Association of Realtors (NAR). However, the median existing home price in June remained elevated and was the second-highest on record. Total existing home sales, including single-family homes, townhomes, condominiums and co-ops, increased 1.4% to a seasonally adjusted annual rate of… Read More ›
As low inventory continues to push home prices higher and squeeze out some buyers, existing home sales dropped to a eleven-month low in May, according to the National Association of Realtors (NAR). The median existing home price in May surged to an all-time high; the largest annual pace on record. Total existing home sales, including single-family homes, townhomes, condominiums and… Read More ›
After reaching a record high in October, existing home sales, as reported by the National Association of Realtors (NAR), dropped to a ten-month low in April, as tight inventory continues to limit sales and fuel home price growth. The median existing home price in April surged to an all-time high and was the largest annual pace on record. Total existing… Read More ›
After reaching a record high in October, existing home sales, as reported by the National Association of Realtors (NAR), dropped to a seven-month low in March, as tight inventory continues to limit sales and fuel home price growth. The median existing home price in March surged to an all-time high and was the fastest pace on record. Total existing home… Read More ›
Fueled by low mortgage interest rates and strong demand, existing home sales, as reported by the National Association of Realtors (NAR), increased to three-month high in January. But surging house prices and inventory shortages could limit demand and slow the market. Total existing home sales, including single-family homes, townhomes, condominiums and co-ops, rose 0.6% to a seasonally adjusted annual rate… Read More ›
As demand continues to be driven by low mortgage rates and a suburban shift for home-buying preference, existing home sales, as reported by the National Association of Realtors (NAR), ticked up in December and the annual sales tally reached the highest level since 2006. But surging house prices and inventory shortage could limit demand and slow the market. Total existing… Read More ›
After reaching almost 15-year high last month, existing home sales, as reported by the National Association of Realtors (NAR), declined for the first time in six months amid inventory shortage and surging prices. Total existing home sales, including single-family homes, townhomes, condominiums and co-ops, fell 2.5% to a seasonally adjusted annual rate of 6.69 million in November. On a year-over-year… Read More ›
Fueled by record-low mortgage rates and strong demand, existing home sales, as reported by the National Association of Realtors (NAR), rose for a fifth consecutive month in October and reached its highest level in almost 15 years. Total existing home sales, including single-family homes, townhomes, condominiums and co-ops, rose 4.3% to a seasonally adjusted annual rate of 6.85 million in… Read More ›