Sales slowed month-over-month to an annualized rate of 4 million homes sold this year, according to a new report released Thursday by NAR. Source: Inman…
Posts published in “homebuying season”
RE/MAX stays profitable as US agent count, revenue decline
RE/MAX’s total agent count grew 2.5 percent from a year ago, to 147,073. But a growing proportion of those agents work outside of the franchisor’s…
New-home sales climb nearly 11%, but figures may be ‘overestimated’
Sales of newly built single-family homes rose in April, pointing to continued buyer engagement during the spring homebuying season, the latest data from the U.S.…
Rising mortgage rates take wind out of spring homebuying sails
Applications for purchase loans fell 5 percent last week as rates climbed to highest level since February over concerns about inflation and growing government debt. …
A ‘herky jerky’ start to the spring buyer season isn’t deterring agents
Economic anxiety and rising mortgage rates curbed hopes of a robust spring, but economists tell Inman a strong new-home market offers a sliver of hope…
Pending home sales jump as buyers eye lower mortgage rates
According to data released Wednesday by the National Association of Realtors (NAR), contract signings jumped 6.1 percent in March. That represents the biggest monthly gain…
Homebuyer demand falls for 2nd consecutive week as rates climb
Economic uncertainty, rate volatility and mounting worries about the labor market are reducing the pool of potential buyers, putting a damper on the spring homebuying…
Housing market challenges aren’t over yet, Barbara Corcoran warns
Mortgage rates have inched downward, with the 30-year fixed rate falling down “by a fraction of a point to 6.96 percent,” Corcoran said, representing the…
Spring market falls short, but low inventory is driving up competition
New listings were down 19 percent during the four-week period ending May 7, while pending home sales were down 16 percent, according to a new…