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Articles Recently Tagged: Existing-Home Sales

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Pace and Price of Existing Home Sales in the U.S. Tick Up, But…

Pace and Price of Existing Home Sales in the U.S. Tick Up, But…

Having dropped to an 11-month low in May, the seasonally adjusted pace of existing-home sales across the U.S. ticked up 1.4 percent in June to an annual rate of 5.86 million sales, which was 22.9 percent higher than in June of last year, when pandemic-driven stay home orders were... Read More »

Mortgage Loan Activity Down 18 Percent, Year-Over-Year

While the number of homes for sale across the U.S. has ticked up, and the average 30-year rate is back under 3 percent, mortgage loan application volumes ticked down 4 percent on a seasonally adjusted basis over the past week. In fact, application volumes are now down 18 percent... Read More »

Purchase Loan Activity in the U.S. Drops, Down 17 Percent YOY

Mortgage loan application volumes in the U.S. dropped 7 percent over the past week, including a 6 percent drop in purchase mortgage activity, which was down 17 percent on a year-over-year basis, according to the Mortgage Bankers Association. And with refinancing activity having dropped 8 percent over the past... Read More »

Benchmark Mortgage Rate Inches Back Over 3 Percent

Benchmark Mortgage Rate Inches Back Over 3 Percent

The average rate for a benchmark 30-year mortgage has inched up 9 basis points (0.09 percentage points) over the past week to 3.02 percent, which is the highest average rate in two months but still 11 basis points lower than at the same time last year and around half... Read More »

Pace of New Home Sales Drops, Inventory Hits a 14-Month High

Pace of New Home Sales Drops, Inventory Hits a 14-Month High

Despite inventory levels having ticked up to a 14-month high, the seasonally adjusted pace of new single-family home sales in the U.S. dropped 5.9 percent last month to an annualized rate of 769,000 sales, which is slowest pace in a year and down 22.6 percent since the start of... Read More »

Pace of Existing Home Sales Drops to an 11-Month Low

Pace of Existing Home Sales Drops to an 11-Month Low

Having slipped another 0.9 percent in May, the seasonally adjusted pace of existing-home sales across the U.S. has dropped to an annual rate of 5.80 million sales, which was 44.6 percent higher than in May of 2020, when pandemic-driven stay home orders were still widespread, but down 15.3 percent... Read More »

Benchmark Mortgage Rate Back Under 3 Percent

Benchmark Mortgage Rate Back Under 3 Percent

Having inched up to 3.00 percent last week, the average rate for a benchmark 30-year mortgage has since inched back down 5 basis points (0.05 percentage points) to 2.95 percent, which is 20 basis points below its mark at the same time last year, 23 basis points lower than... Read More »

Pace of New Home Sales Drops, Inventory Hits a 12-Month High

Pace of New Home Sales Drops, Inventory Hits a 12-Month High

While up nearly 50 percent on a year-over-year basis from its pandemic low, the seasonally adjusted pace of new single-family home sales in the U.S. has dropped 13 percent since the start of the year, including a 5.9 percent drop last month, to an annualized rate of 863,000 sales.... Read More »

Home Sales in the U.S. Continue to Drop, Inventory Ticks Up

Home Sales in the U.S. Continue to Drop, Inventory Ticks Up

Having dropped to a 6-month low in March, the seasonally adjusted pace of existing-home sales across the U.S. dropped another 2.7 percent in April to an annual rate of 5.85 million sales, which was 33.9 percent higher than in April of 2020, when pandemic-driven stay home orders were widespread,... Read More »

Pace of Home Sales in the U.S. Drops to a 6-Month Low

Pace of Home Sales in the U.S. Drops to a 6-Month Low

Having dropped 6.6 percent in February, the seasonally adjusted pace of existing-home sales across the U.S. dropped another 3.7 percent in March to an annual rate of 6.01 million sales, which is 12.3 percent higher than at the same time last year, when pandemic-driven stay home orders were widespread,... Read More »