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Articles Recently Tagged: Existing-Home Sales

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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 »

Pace of New Home Sales in the U.S. Drops Over 18 Percent

Pace of New Home Sales in the U.S. Drops Over 18 Percent

Having ticked up 3.2 percent in January, the seasonally adjusted pace of new single-family home sales in the U.S. dropped 18.2 percent last month to an annualized rate of 775,000 sales, which is nearly 21 percent below the 14-year high it registered last July/August. That being said, the February... Read More »

Pace of Home Resales in the U.S. Takes a Real Hit

Pace of Home Resales in the U.S. Takes a Real Hit

Having inched up in January, the seasonally adjusted pace of existing-home sales across the U.S. dropped 6.6 percent last month to an annual rate of 6.22 million sales, which is still 9.1 percent higher than at the same time last year but a significant drop, on a year-over-year basis,... Read More »

Pace of Home Sales in the U.S. Inches Up, Inventory Drops

Pace of Home Sales in the U.S. Inches Up, Inventory Drops

The seasonally adjusted pace of existing-home sales across the U.S. inched up a revised 0.6 percent in January to an annual rate of 6.69 million sales, which is 23.7 percent higher than at the same time last year, according to the National Association of Realtors. At the same time,... Read More »

Pending Home Sales in the U.S. Hit an All-Time High and Slip

While the pace of completed home sales across the U.S. inched up in December to a 14-year high, pending home sales activity slipped 0.3 percent, representing the fourth consecutive month-over-month decline. That being said, total contract signings in December, which is typically a low volume month, were still 21.4... Read More »

Having Dropped, Pace of New Home Sales in the U.S. Inches Up

Having Dropped, Pace of New Home Sales in the U.S. Inches Up

The seasonally adjusted pace of new single-family home sales in the U.S., which hit a 14-year high in July/August, has since dropped 14 percent to an annualized rate of 842,000 sales at the end of December but remains 15.2 percent higher than at the same time last year, and... Read More »