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US home sales slowed again in September, falling to weakest annual pace in nearly 14 years
Read full article: US home sales slowed again in September, falling to weakest annual pace in nearly 14 yearsSales of previously occupied U.S. homes slowed in September to the weakest annual pace in nearly 14 years even as mortgage rates eased and the supply of properties on the market continued to climb.
US home sales fell in August despite easing mortgage rates, more homes on the market
Read full article: US home sales fell in August despite easing mortgage rates, more homes on the marketSales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even as mortgage rates eased and the supply of properties on the market kept rising.
US homes find fewer foreign buyers as rising costs and a strong dollar leave market in record slump
Read full article: US homes find fewer foreign buyers as rising costs and a strong dollar leave market in record slumpSales of U.S. homes to foreign nationals have fallen to the lowest level in more than a decade, hampered by a strong dollar and many of the hurdles that have kept the housing market in a deep sales slump for over two years.
US home sales fall for the 3rd straight month in May amid rising mortgage rates, record-high prices
Read full article: US home sales fall for the 3rd straight month in May amid rising mortgage rates, record-high pricesSales of previously occupied U.S. homes fell in May for the third straight month as rising mortgage rates and record-high prices discouraged many prospective homebuyers during what’s traditionally the housing market’s busiest period of the year.
U.S. existing home sales drop 1.9% in April, pushed lower by high rates and high prices
Read full article: U.S. existing home sales drop 1.9% in April, pushed lower by high rates and high pricesSales of previously occupied U.S. homes sank last month, pushed down by high mortgage rates and rising prices.
Sluggish start for spring homebuying season as home sales fall in March with mortgage rates rising
Read full article: Sluggish start for spring homebuying season as home sales fall in March with mortgage rates risingThe spring homebuying season is off to a sluggish start as home shoppers contend with elevated mortgage rates and rising prices.
February home sales hit strongest pace in a year as mortgage rates ease and more houses hit market
Read full article: February home sales hit strongest pace in a year as mortgage rates ease and more houses hit marketSales of previously occupied U.S. homes rose in February from the previous month to the strongest pace in a year as homebuyers were encouraged by a modest pullback in mortgage rates and more properties on the market.
Home sales rose in January as easing mortgage rates, more homes for sale enticed homebuyers
Read full article: Home sales rose in January as easing mortgage rates, more homes for sale enticed homebuyersSales of previously occupied U.S. homes rose in January as homebuyers seized upon easing mortgage rates and a modest pickup in properties on the market.
Home sales snapped a five-month skid in November as easing mortgage rates encouraged homebuyers
Read full article: Home sales snapped a five-month skid in November as easing mortgage rates encouraged homebuyersSales of previously occupied U.S. homes rose in November, ending a five-month skid, as easing mortgage rates encouraged homebuyers.
Home sales slumped to slowest pace in more than 13 years in October as prices, borrowing costs, soar
Read full article: Home sales slumped to slowest pace in more than 13 years in October as prices, borrowing costs, soarSales of previously occupied U.S. homes slumped in October to their slowest pace in more than 13 years, as surging mortgage rates and rising prices kept many prospective homebuyers on the sidelines.
Home sales fell again in September as surging mortgage rates, rising prices discouraged homebuyers
Read full article: Home sales fell again in September as surging mortgage rates, rising prices discouraged homebuyersSales of previously occupied U.S. homes fell for the fourth month in a row in September, held back by surging mortgage rates and a thin supply of properties on the market.
Home sales fell again in August as homebuyers grapple with rising mortgage rates and prices
Read full article: Home sales fell again in August as homebuyers grapple with rising mortgage rates and pricesSales of previously occupied U.S. homes fell for the third month in a row in August, as higher mortgage rates, rising prices and a dearth of properties on the market shut out many would-be homebuyers.
Have home prices bottomed? While low housing inventory stymies sales, bidding wars prop up prices
Read full article: Have home prices bottomed? While low housing inventory stymies sales, bidding wars prop up pricesWhile sales of previously occupied U.S. homes fell again last month, the national median home sales price rose to $406,700, marking its first annual increase since January, the National Association of Realtors said Tuesday.
Home sales in June fell to the slowest pace since January with near-historic low inventory for sale
Read full article: Home sales in June fell to the slowest pace since January with near-historic low inventory for saleSales of previously occupied U.S. homes fell in June to the slowest pace since January, as a near-historic low number of homes for sale and rising mortgage rates kept many would-be homebuyers on the sidelines.
May home sales rise with near record-few on the market and biggest annual price drop since 2011
Read full article: May home sales rise with near record-few on the market and biggest annual price drop since 2011Sales of previously occupied U.S. homes edged higher in May and the national median sale price posted its biggest annual drop in more than a decade, as a near all-time low supply of available properties constrained the housing market.
Looking for a house? High mortgages, few homes lead to biggest annual price drop in 11 years
Read full article: Looking for a house? High mortgages, few homes lead to biggest annual price drop in 11 yearsSales of previously occupied U.S. homes fell again last month and the national median sale price posted its biggest annual drop in 11 years.
US home sales fell in March in tepid homebuying season start
Read full article: US home sales fell in March in tepid homebuying season startSales of previously occupied U.S. homes fell in March and prices edged lower for the second month in a row, a tepid start to the spring homebuying season as buyers contend with sharply higher mortgage rates and a near historic-low number of properties on the market.
US home sales surged in February as mortgage rates dipped
Read full article: US home sales surged in February as mortgage rates dippedSales of previously occupied U.S. homes surged in February to the fastest pace in six months as homebuyers seized on a modest drop in mortgage rates and slight pullback in prices.
Mortgage rates' rise has led to wide gap with US bond yields
Read full article: Mortgage rates' rise has led to wide gap with US bond yieldsEconomists are baffled by a wider-than-usual divergence between long-term mortgage rates and the yield on the benchmark U.S. government bond that is driving a sharp rise in borrowing costs and helping to torpedo the U.S. housing market this year.
US home sales fell in November, the 10th consecutive month
Read full article: US home sales fell in November, the 10th consecutive monthSales of previously occupied U.S. homes slowed for the tenth month in a row in November, constrained by a tight inventory of properties on the market and mortgage rates averaging more than double what they were a year ago.
US home sales fell in October for ninth straight month
Read full article: US home sales fell in October for ninth straight monthSales of previously occupied U.S. homes fell in October for the ninth month in a row to the slowest pre-pandemic sales pace in more than 10 years, as homebuyers grappled with sharply higher mortgage rates, rising home prices and fewer properties on the market.
US home sales slipped, prices grew more slowly in August
Read full article: US home sales slipped, prices grew more slowly in AugustSales of previously occupied U.S. homes slowed in August for the seventh month in a row, as sharply higher mortgage rates and rising home prices made homebuying less affordable.
Home sales tumble again as mortgage rates surge
Read full article: Home sales tumble again as mortgage rates surgeSales of previously occupied U.S. homes slowed in April for the third month in a row as mortgage rates surged, driving up borrowing costs for would-be homebuyers as home prices soared to new highs.
March home sales fall as mortgage rates, home prices climb
Read full article: March home sales fall as mortgage rates, home prices climbSales of previously occupied U.S. homes slowed in March to the slowest pace in nearly two years as a swift rise in mortgage rates and record-high prices discouraged would-be homebuyers.
February home sales fall amid higher mortgage rates, prices
Read full article: February home sales fall amid higher mortgage rates, pricesSales of previously occupied U.S. homes fell in February as competition for a near-record low number of properties on the market drove prices higher and rising mortgage rates kept would-be buyers on the sidelines.
US home sales fall with properties on market at a record low
Read full article: US home sales fall with properties on market at a record lowSales of previously occupied homes fell in December for the first time in four months as many would-be buyers were frustrated by a lack of available houses, which fell to the lowest level in more than two decades.
Existing home sales, median price edged up in November
Read full article: Existing home sales, median price edged up in NovemberSales of previously occupied U.S. homes rose for the third straight month in November, reflecting strong demand, low mortgage rates and intense competition for a relatively low number of properties on the market.
October existing home sales hit fastest pace since January
Read full article: October existing home sales hit fastest pace since JanuarySales of previously occupied U.S. homes ticked higher in October, marking their strongest pace since January, even as resilient demand and competition for relatively few properties on the market kept prices climbing.
Existing home sales surge as interest rates point higher
Read full article: Existing home sales surge as interest rates point higherSales of previously occupied U.S. homes bounced back in September to their strongest pace since January as worries about higher mortgage rates motivated buyers to get off the sidelines.
Existing US home sales fell in August, price growth slows
Read full article: Existing US home sales fell in August, price growth slowsSales of previously occupied U.S. homes fell in August and the pace of price growth eased, the latest sign the housing market is cooling as intense competition leave many would-be buyers on the sidelines.
April US home sales fell as low inventory pushed up prices
Read full article: April US home sales fell as low inventory pushed up pricesSales of previously occupied U.S. homes fell for the third straight month in April as the number of properties for sale hit a record low, driving prices to new highs.
More Americans sign contracts to buy homes in March
Read full article: More Americans sign contracts to buy homes in MarchMore Americans signed contracts to buy homes in March after two months of declines, pointing to a healthy housing market as summer approaches and the economy continues what shaping up to be a rapid recovery.
Screws tighten for home buyers in March, prices surge 17.2%
Read full article: Screws tighten for home buyers in March, prices surge 17.2%Sales of previously occupied U.S. homes fell in March for the second straight month as buyers grappled with a stubbornly low inventory of available properties and fierce competition pushed prices to new highs.
Existing US home sales fell in February, while prices rose
Read full article: Existing US home sales fell in February, while prices roseSales of previously occupied U.S. homes slowed last month as rising prices and a dearth of homes for sale kept some would-be buyers on the sidelines. The National Association of Realtors said Monday that existing homes sales in February fell 6.6% from January to a seasonally-adjusted rate of 6.22 million annualized units. Sales were up 9.1% from February last year, before the pandemic upended the economy and temporarily held up home sales last spring. However, a recent rise in mortgage rates was not, as February sales largely reflect contracts signed weeks before the uptick in rates. “In the upcoming months, perhaps, demand will retreat a bit given the recent rise in mortgage rates,” Yun said.
US existing home sales, and prices, rise again in January
Read full article: US existing home sales, and prices, rise again in JanuaryExisting U.S. home sales rose 0.6% in January from the previous month to a seasonally-adjusted rate of 6.69 million annualized units, the National Association of Realtors said Friday. The red-hot housing market has left the number of available properties for sale at record lows. The dearth of homes for sale has been the main driver of home prices. At the current sales pace, that amounts to a 1.9 months’ supply, down from a 3.1 months' supply in January 2020. “No winter slowdown.”The housing market has mounted a strong comeback since last summer after declining sharply in the spring when the coronavirus outbreak hit.
More Americans signed contracts to buy homes in June
Read full article: More Americans signed contracts to buy homes in JuneThe number of Americans signing contracts to buy homes rose for the second straight month after a devastating spring freeze brought on by the coronavirus outbreak. The National Association of Realtors said Wednesday that its index of pending sales rose 16.6%, to 116.1 in June, its highest level since 2006. All four regions saw more contract signings for the second straight month. In May, the number of Americans signing contracts to buy homes rebounded a record 44.3% after plunging during the usually busy spring season as buyers and sellers were sidelined by coronavirus-related closures and regulations. Last week, the government reported that sales of new homes jumped 13.8% in June, the second straight increase after two months when sales plunged as the country went into lockdown because of the coronavirus.
US existing home sales plunge 17.8% in April
Read full article: US existing home sales plunge 17.8% in AprilThe Commerce Department reported Thursday, April 23, that sales of new single-family homes dropped to a seasonally ajdjusted annual rate of 627,000 last month after sales had fallen 4.6% in February. (AP Photo/Keith Srakocic)WASHINGTON Sales of existing homes plunged 17.8% in April with the real estate market still in the grips of the coronavirus pandemic. The sales drop was the largest one-month decline since a 22.5% fall in July 2010. That tail-off was preceded by the end a congressionally approved tax credit intended pull the housing market out of the 2006 collapse of the housing market. Sales were down in all parts of the country with the West seeing a 25% drop.
Pending home sales down sharply on economic uncertainty
Read full article: Pending home sales down sharply on economic uncertaintyJustin Sullivan/Getty Images(CNN) - Americans have been reluctant to buy homes lately, thanks to uncertainty about the U.S. economy. The pending home sale index a forward-looking indicator that tracks signed contracts for home purchases dropped sharply in July. Fewer signed contracts suggest that home sales in August and September will also be lower. Economic uncertainty is holding back potential demand, said Lawrence Yun, chief economist of the National Association of Realtors. Bond yields are falling and the Treasury yield curve a historic recession indicator is flashing warning lights.
Why aren't Americans buying more homes?
Read full article: Why aren't Americans buying more homes?Getty Images(CNN) - Interest rates are dropping and American mortgages are cheaper than they've been in years. America's housing market has stagnated for four years. The supply of new homes hasn't gone up enough for people in all income groups to take advantage of the lower mortgage rates. The 2017 Trump tax reform limited tax deductible mortgage interest to loans of $750,000, and state and local tax deductions are capped at $10,000. But refinancings were up 116% from the same time a year ago, evidence that the lower mortgage rates haven't gone totally unnoticed.