A look at some of the major trade events and economic indicators to come this week: AN EYE ON THE FEDERATION The Federal Reserve wraps up a two-day meeting of policymakers with an economic policy and interest rate update on Wednesday. Most analysts expect Fed officials to announce the first of several expected increases in […]
The scrutiny of US real estate purchases by wealthy Russians is intensifying amid the war in Ukraine. But these deals represent a drop in the bucket in the grand scheme of the nation’s housing market. A new analysis from the National Association of Realtors has examined the home buying behavior of Russian-born buyers in a […]
Key points to remember: Gross Domestic Product (GDP), adjusted for inflation, rose at a seasonally adjusted annualized rate (SAR) of 7.0% in the fourth quarter of 2021, according to the second estimate from the Bureau of Economic Analysis (BEA), an increase of one tenth from the preliminary […]
Sales of existing homes hit a 15-year high in 2021, according to the National Association of Realtors. Last year, about 6.1 million homes were sold, an 8.5% jump from the previous year. Despite the high volume of sales, inventories remained tight in many markets as demand was high and sales closed so quickly. On the […]
In 2021, the housing market was very difficult for buyers to navigate. That’s because home values have skyrocketed nationally, putting many potential buyers in a tough spot. One would think that the rise in house prices would have put buyers off and forced a decline in the real estate market. But the November sales figures […]
U.S. home sales ended 2021 on a weak note in December, but annual sales activity for the full year hit its highest level since 2006. Sales of existing homes fell 4.6% to 6.18 million seasonally adjusted units in December from the previous month, according to National Association of Realtors (NAR). November existing home sales were […]
Of the eight median home buyers seen in 2021, three visited virtually, according to new analysis released Wednesday by the National Association of Realtors. Homebuyers who bought a home last year viewed a median of eight homes before buying – the lowest number since the National Association of Realtors began tracking the metric in 1987, […]
A gauge of U.S. pending home sales dropped unexpectedly in November as high prices and low inventory capped home buying. The National Association of Realtors’ pending home sales index fell 2.2% from the previous month to 122.4, data showed Wednesday, more than all estimates for a Bloomberg survey. An index of 100 equals the level […]
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The median selling price of existing homes rose 13.9% year-over-year to $ 353,900. Getty Existing home sales rose a modest 1.9% in November, once again pushing prices up and reducing inventory, according to the National Association of Realtors. The median price of existing homes for all housing types in November was $ 353,900, up 13.9% […]
SANTA ANA, Calif .– (COMMERCIAL THREAD) –First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk management solutions for real estate transactions, today released First American’s exclusive home sales potential sales model for the month of November 2021 The potential home sales model measures what the healthy level […]
WASHINGTON (Reuters) – U.S. home sales rose for a third straight month in November, but supply remained tight, keeping house prices high and crowding out first-time buyers. Sales of existing homes rose 1.9% to a seasonally adjusted annual rate of 6.46 million units last month, the National Association of Realtors said Wednesday. Sales increased in […]
Home sales in the United States increased in the penultimate month of the year. Sales of existing homes rose 1.9% to 6.46 million seasonally adjusted units in November from the previous month, according to the National Association of Realtors (NAR). The number of sales is down 2% from the same month a year ago, when […]
“Are we in a bubble? Home sales and price growth to slow in 2022, experts say The country’s real estate market is expected to cool in 2022, as mortgage rates rise and inventories rise, a panel of experts said Thursday at the National Association of Real Estate Editors conference. The states expected to see the […]
Image source: Getty Images Despite the high prices, home buyers are not backing down. Key points Sales of existing homes increased 0.8% in October from September. They are now on their way to reaching their highest level in 15 years. It is often the case that home sales peak in the spring and summer and […]
The number of contract signatures increased 7.5% from September to October, reports the National Association of Realtors. Pending home sales rebounded in October after falling sharply the month before, as the housing market continued to tumble through one of its strongest years in recent memory. The number of contract signatures in October rose 7.5% after […]
Three major US stock indexes green, but the Nasdaq is far from the peaks Energy leads the gains among S&P sectors; lone loser comm svcs Euro STOXX 600 index up 0.2% Dollar, rise in crude; gold bitcoin down The 10-year US Treasury yield is ~ 1.60% November 22 – Welcome home for real-time market coverage […]
—Strong demographic demand will continue to act like the wind in the sails of the real estate market, according to chief economist Mark Fleming— SANTA ANA, California, November 22, 2021– (BUSINESS WIRE) –First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk management solutions for real estate transactions, […]
Sales of existing homes increased in October, second consecutive month of growth. The National Association of Realtors® (NAR) said sales of used single-family homes, townhouses, condos and co-op apartments were at a seasonally adjusted annual rate of 6.34 million units. That rate was 0.8% higher than the 6.290 million rate in September, but 5.8% lower […]
U.S. home sales rose unexpectedly in October, reaching their highest level in nine months, although higher prices amid tight supply continued to exclude first-time homebuyers from the market. Marlet. The National Association of Realtors report released on Monday also showed an increase in the share of investors buying homes last month, likely reflecting growing demand […]
As the country’s domestic market begins to rebuild after a period of low inventory, a new survey by ServiceLink, part of the FNF family of companies, has found that most potential buyers would turn to auctions as an option for home ownership. The survey, conducted October 25-27 online by The Harris Poll on behalf of […]
When it comes to selling a home, the process can be stressful, exciting, or in many cases, both. Listing your home in a booming market allows you to take advantage of competitive offers, quick home sales, and above-average selling prices. However, it also means that you have to deal with visits, contracts, inspections, negotiations, appraisals […]
Home prices have climbed exponentially over the past year as tight inventory and low mortgage rates have boosted buyer demand. Now you would think that at some point buyers would have no more room in their budgets to keep paying sky-high prices. But home sales managed to rise in September despite the many reasons buyers […]
The slowdown in contract signing in September is a likely sign that home price growth will soon come back to earth, said Lawrence Yun, chief economist at NAR. Pending home sales fell 2.3% in September 2021 from the previous month and fell 8% year-on-year to an index of 116.7, the National Association of Realtors (NAR) […]
The monthly durable goods order report is due out today. That means big products that are designed to last at least three years, like household appliances. We recently learned that new home sales were up 14% in September compared to August. And new homes need new things that have been hard to come by lately. […]
(RTTNews) – New home sales in the United States soared in September, according to a report released by the Commerce Department on Tuesday. The report says new home sales climbed 14.0% to an annual rate of 800,000 in September after falling 1.4% to a downward revised rate of 702,000 in August. Economists expected new home […]
Sales of existing homes rose 7% to 6.29 million occasionally changed units in September from the previous month, as reported by the National Association of Realtors (NAR). The results exceeded reviewers’ assumptions for a 3.6% increase, according to Bloomberg estimates. Yoon noted that the surge in activity last year, due to the departure of COVID-19 […]
FatCamera / iStock.com Seasonality plays an essential role in the housing market, as it has a significant impact on the supply of and demand for housing. Transactions and prices tend to be above trend in summer, while activity slows down in winter. This year, however, the housing market still looks exceptionally strong in what is […]
The median home price in the United States was over $ 352,000 last month, a 13.3% jump from September of last year, the Associated Press reported. The boost came as first-time home buyers bought at the lowest level since July 2015, accounting for 28% of all home sales in September, according to the National Association […]
Home sales in the United States rebounded in September. Sales of existing homes rose 7% to 6.29 million seasonally adjusted units in September from the previous month, according to the National Association of Realtors (NAR). The results exceeded analysts’ expectations of a 3.6% increase, according to Bloomberg consensus estimates. “This fall appears to be the […]
Sales of existing single-family homes in Maine slowed for the third consecutive month from a year earlier, indicating a moderation in the warm housing market, although prices continued to rise, according to data released Thursday by the Maine Association of Realtors. . The 2,067 homes sold were down 9.7% last month from September 2020, while […]
A strong fall and winter season should mean 2021 will end with nearly 7 million sales, making it one of the strongest years in history, according to a new analysis from MoxiWorks. A new report from real estate technology company MoxiWorks predicts that a strong home buying season in the fall and winter should mean […]
According to a new report from Redfin, the median home selling price rose 14% year-on-year to $ 376,800 in September 2021, the lowest growth rate since December 2020. September marked the 14th month. consecutive month of double-digit price increases. . Both closed home sales and new listings of homes for sale declined from a year […]
A look at some of the major trade events and economic indicators coming up this week: CHARGE Wall Street expects another solid quarterly snapshot from Tesla. Analysts predict that the electric vehicle maker will announce on Wednesday that its profits and revenues increased in the third quarter compared to the same period last year. This […]
In June and July, pending home sales started to decline. Pending home sales represent contracts signed to buy existing homes, and when those sales start to drop, it’s a sign that demand for homes is starting to drop. Buyers may have been encouraged by these initial summer numbers, as a downturn in the housing market […]
Pending home sales finally saw positive growth in August, after two straight months of declines in June and July, the National Association of Realtors reported. Pending home sales rose 8.1. % in August, after two consecutive months of declines in June and July, according to the National Association of Realtors (NAR) Pending Home Sales Index […]
Numbers: The number of home buyers who signed a home purchase contract in August has jumped, far exceeding economists’ expectations. Pending home sales rose 8.1% in August from July, the National Association of Realtors reported on Wednesday. Economists polled by MarketWatch had forecast a 0.4% increase in pending home sales in August. Still, compared to […]
Mortgage rates have rebounded to levels not seen since July following signals from the Federal Reserve last week that it may start cutting its purchases of long-term mortgages and Treasury bonds later this year. The Fed’s debt purchases have helped keep long-term interest rates low. But that’s not all that can scare investors off buying […]
High home prices may finally drive buyers away. There’s a reason many potential buyers have struggled to purchase a home this year. Limited inventory and low mortgage rates fueled increased demand from buyers. This, in turn, has pushed home prices up to the point that many buyers simply cannot afford them. In August, the median […]
New home sales rose for a fourth consecutive month in August. Sales of new single-family homes rose 1.5% last month to a seasonally adjusted annual rate of 740,000, according to the US Census Bureau and the Department of Housing and Urban Development. The rate was 24.3% lower than the August 2020 reading of 977,000. Analysts […]
Numbers: New home sales in the United States rose in August, as the market for newly-built buildings continues to show signs of stabilizing after months of decline. New home sales in the United States rose 1.5% to an annual rate of 740,000, the government said on Friday. The figure is the number of homes that […]
Sales of new single-family homes in August were up 1.5% from the previous month, at a seasonally adjusted annual rate of 740,000, according to a report by the US Department of Commerce released on Friday. This is the second consecutive month of rising sales for homebuilders, although there is good reason to believe that the […]
singebusinessimages / Getty Images / iStockphoto The heat in the housing market slowed in August as home prices continue to discourage buyers. Existing sales fell 2.0% last month and housing supply remains tight, down 13.4% from a year ago, according to National Association of Realtors data released Wednesday. See: 20 Home Renovations That Will Damage […]
AddControlToContainer_DynamicNavigation5 FREE PREVIEW LOG IN OR SUBSCRIBE NOW TO READ THIS ARTICLE Industry News Thursday 23 September 2021 After two consecutive months of increases, sales of existing homes declined in August, according to the National Association of Realtors. Each of the four major regions of the United States experienced month-over-month and year-over-year declines. TO READ […]
Sales of existing homes fell in August, with inventory and prices remaining a major concern for potential buyers. Existing home sales fell 2% to a seasonally adjusted annual rate of 5.88 million in August, the National Association of Realtors said on Wednesday. Compared with August 2020, home sales fell 1.5%. “Although there has been a […]
Home sales fell in August, both from July and from a year ago, breaking two straight months of increases, according to the National Association of Realtors. Home purchases have increased over the past year, which NAR chief economist Lawrence Yun says is an anomaly. The pent-up demand from potential buyers that built up during the […]
Source: Shutterstock. NAFCU chief economist Curt Long said Monday he expects existing home sales to remain stable this year, mostly limited by supply. His comments came after the National Association of Realtors (NAR) reported that existing home sales rose 2% from June through July to a seasonally adjusted annual rate of 5.99 million homes. “Sales […]