Homes under contract inched up 0.3 percent between May and June to a measure of 76.8 on the Pending Home Sales Index, according to data…
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Existing-home sales fell to a seasonally adjusted rate of 4.16 million as the median sales price climbed to $410,000, or just 0.9 percent below the…
Sales of pending homes declined 2.7 percent in May and were down 22.2 percent from a year ago, but the Northeast saw a 12.9 percent…
The National Association of Realtors recorded 408,000 sales of existing homes in May. Before the pandemic, that number was closer to 530,000. Source: Inman News
NAR numbers show that, while most regions of the country saw month-over-month gains, pending home sales in the Northeast pulled down the national average. Source:…
The organization’s membership was down 0.66 percent in April compared to a year earlier. NAR thinks the numbers may fall even further. Source: Inman News
All items index increased 4.9 percent for the 12 months ending April, the smallest 12-month increase since the period ending April 2021, according to the…
Applications for purchase mortgages rose 5 percent last week, but a strong jobs report and ongoing bank instability are pushing mortgage rates back up. Source:…
A “drought” of new listings is driving up prices, reversing the sluggishness of late 2022 and forcing buyers to compete fiercely for homes, according to…