Eye On Housing
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 ›
Over the last month, the Mortgage Bankers Association’s (MBA) tracked 30-year fixed-rate mortgage rate was showing a greater constancy than the volatility it had displayed in the prior months, staying between 3.10 percent and 3.20 percent, and dropped in the latest week, falling to 3.09 percent. Similarly, the MBA’s Market Composite Index sharply rebounded last week by 16 percent from lower activity levels for most of the month. The rebound, as the MBA cites, may have… 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 ›
After reaching a record high in August, pending home sales slid for the fifth consecutive month, as surging home prices and low inventory constrain buyers. The Pending Home Sales Index (PHSI), reported by the National Association of Realtors (NAR), is a forward-looking indicator based on signed contracts. The PHSI fell 2.8% from 126.4 in December to 122.8 in January, a… 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 ›
After reaching a record high in August, pending home sales slid for the fourth consecutive month, as surging home prices and low inventory started to impede the housing market. The Pending Home Sales Index (PHSI), reported by the National Association of Realtors (NAR), is a forward-looking indicator based on signed contracts. The PHSI fell 0.3% from 125.9 in November to… 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 a record high in August, pending home sales slid for the third consecutive month, as fast-rising home prices and low inventory started to impede the housing market. Higher interest rates this week will present an additional challenge in future data. The Pending Home Sales Index (PHSI), reported by the National Association of Realtors (NAR), is a forward-looking indicator… Read More ›