Decline in U.S. Home Sales Is Accelerating, Median Price Drops
Having dropped 5.4 percent in June, the seasonally adjusted pace of existing-home sales across the U.S. dropped another 5.9 percent in July to an annual rate of 4.81 million sales,…
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…
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…
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…
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…
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,…
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…
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…
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…
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,…