Higher mortgage rates are now “housing market’s primary constraint,” economists at Fannie Mae said in a new forecast predicting home sales will fall 13.5 percent…
Posts published in “existing-home sales”
Pending home sales dipped for the fifth-straight month in March, with the Pending Home Sales Index dropping 1.2 percent from February to 103.7, according to…
Sales of existing homes fell to a seasonally adjusted rate of 6.02 million, a 7.2 percent decrease from the previous month, according to data released…
The real estate industry is becoming more competitive, with NAR enrolling a record number of agents in 2021 and inventory dipping below one million. Four…
In a year of sky-high demand, existing-home sales recorded a banner year with the sale of 6.12 million units and an 8.5 percent surge from…
The median existing-home sales price, meanwhile, soared 13.9 percent year over year in November as inventory plunged 13.3 percent, according to data released Wednesday by…
Inventory across all housing types fell 0.8 percent from the month previous and 12 percent year over year to 1.25 million units. Nonetheless, home sales…
For the first time, Fannie Mae is forecasting all the way out to 2023, when it expects the economy to enter “mature state of the…
Sales of newly built single-family homes hit a seasonally adjusted annual rate of 740,000 in August 2021, up 1.5 percent from the revised July rate,…
Projected growth in new home sales wouldn’t offset expected drop in existing home sales, according to Fannie Mae’s latest monthly forecast. Source: Inman News