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Articles Recently Tagged: Medians

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Buyer Pool Shrinks, Pending Home Sales in the U.S. Down 20 Percent

Buyer Pool Shrinks, Pending Home Sales in the U.S. Down 20 Percent

Having inched up 0.7 percent in May, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, dropped 8.6 percent in June to a below average reading of 91.0 and was down 20 percent versus the same... Read More »

Pace of New Home Sales Drops, Median Sale Price Too

Pace of New Home Sales Drops, Median Sale Price Too

Having ticked up a downwardly revised 6.3 percent in May, the seasonally adjusted pace of new single-family home sales in the U.S. dropped 8.3 percent in June to an annualized rate of 590,000 sales, which is effectively the same pace as in April of 2020 when the market came... Read More »

Specter of an Even Bigger Rate Hike Looms

Specter of an Even Bigger Rate Hike Looms

Having dropped half a percentage point from its 13-year high of 5.81 percent last month, driven by increasing concerns of a recession and hard landing, the average rate for a benchmark 30-year mortgage has since ticked back up 21 basis points (0.21 percentage points) to 5.51 percent, which is... Read More »

Purchase Mortgage Activity Drops, Average Loan Size as Well

Having inched up from a 22-year low last month, Mortgage loan application volume in the U.S. ticked down 1.7 percent on a seasonally adjusted basis last week, including a 4 percent seasonally adjusted drop in purchase mortgage activity which was down 18 percent versus the same time last year.... Read More »

Pace of Existing Home Sales in the U.S. Continues to Fall

Pace of Existing Home Sales in the U.S. Continues to Fall

Having dropped 2.4 percent in April, the seasonally adjusted pace of existing-home sales across the U.S. fell another 3.4 percent in May to an annual rate of 5.41 million sales, representing the tenth straight month with a year-over-year decline in sales, the largest year-over-year decline (8.6 percent) since the... Read More »

Pace of Existing Home Sales in the U.S. Nearing a 2-Year Low

Pace of Existing Home Sales in the U.S. Nearing a 2-Year Low

Having ticked down 2.7 percent in March, the seasonally adjusted pace of existing-home sales across the U.S. dropped another 2.4 percent in April to an annual rate of 5.61 million sales, which was down 5.9 percent on a year-over-year basis, the ninth straight month with a year-over-year decline, and... Read More »

Pace of Existing Home Sales in the U.S. Ticks Up (But Down)

Pace of Existing Home Sales in the U.S. Ticks Up (But Down)

Having dropped 4.6 percent in December, the seasonally adjusted pace of existing-home sales across the U.S. increased 6.7 percent in January to an annual rate of 6.50 million sales, according to the National Association of Realtors (NAR), but was down 2.3 percent on a year-over-year basis, marking the sixth... Read More »

New Home Sales Were Down at the End of 2021, Inventory Up

New Home Sales Were Down at the End of 2021, Inventory Up

While the seasonally adjusted pace of new single-family home sales in the U.S. increased 11.9 percent from November to December, the annualized rate of 811,000 transactions was down 14.0 percent on a year-over-year basis. And as we noted last week, mortgage application activity to purchase a new home was... Read More »

Pace of Existing Home Sales in the U.S. Drops

Pace of Existing Home Sales in the U.S. Drops

Having ticked up 1.9 percent in November, the seasonally adjusted pace of existing-home sales across the U.S. dropped 4.6 percent in December to an annual rate of 6.18 million sales, which was 7.1 percent lower than the year before and the fifth straight month with a year-over-year decline, according... Read More »

Pace of Existing Home Sales Ticks Up, Down Year-Over-Year

Pace of Existing Home Sales Ticks Up, Down Year-Over-Year

Having inched up 0.8 percent in October, the seasonally adjusted pace of existing-home sales across the U.S. ticked up 1.9 percent in November to an annual rate of 6.46 million sales, which was 2.0 percent lower than at the same time last year and the fourth straight month with... Read More »