Existing home sales fell in July to their lowest level since 2020 amid elevated mortgage rates as the Federal Reserve continued to hike interest rates. Sales dropped 5.9% to 4.81 million annualized, marking the sixth straight month of market contraction, the National Association of Realtors reported on ... READ MORE >
existing home sales
Chart of the day: U.S. existing home sales fall again as rates rise
Sales of existing homes in the United States fell for the third straight month in April as the housing market continued to cool off amid steep mortgage rate increases. Total sales declined to 5.61 million on the month, down by 2.4% compared to March and by 5.9% from a year ago, according to data ... READ MORE >
Chart of the day: U.S. home prices hit record in March
Sales of existing homes fell by 2.7% to 5.77 million in March, the lowest since July 2020, as rising mortgage rates dampened demand. The median home price, however, hit a record high at $375,300, pointing to persistent housing shortages, according to data the National Association of Realtors released on ... READ MORE >
Chart of the day: Buyers rush into housing market before rate hikes
Investors with all-cash offers flocked into the housing market before rate hikes, helping to push sales of existing homes to 6.5 million in January at an annualized rate, according to data released on Friday by the National Association of Realtors. The share of investors jumped 5 percentage points on ... READ MORE >
Chart of the day: Existing home sales fall 4.6%
Existing home sales in the United States cooled off significantly in December, dropping 4.6% on the month to 6.18 million amid near-record housing prices and supply constraints, according to a report from the National Association of Realtors on Thursday. Still, 2021 was a record year for the housing ... READ MORE >
Pending home sales in October rebounded to highest in 2021
Pending home sales rebounded by 7.5% in October following a small decline of 2.4% in September, continuing their rise from a recent low in April, according to new data on Monday from the National Association of Realtors. The sharp increase in contract signings month-over-month pointed to housing demand ... READ MORE >
Chart of the day: Existing home sales inched up in October
Sales of existing homes inched up by 0.8% in October to 6.34 million, carrying some of the momentum in September, when sales jumped by a significant 7.0%, according to data released by the National Association of Realtors on Monday. Despite supply constraints and elevated prices, the small increase was ... READ MORE >
Chart of the day: Home affordability continues to drop
U.S. housing was less affordable in the third quarter than in the previous quarter, with the composite homebuyer index dropping from 151.9 to 150.8, and the first-time buyer index dropping from 100.1 to 99.2, according to data released this week by the National Association of Realtors. A value of 100 ... READ MORE >
Existing home sales rebounded in September to highest level since February
Sales of existing homes bounced back in September, with 6.29 million units sold, the highest level since February, and up 7% compared to the prior month, according to a report released on Thursday from the National Association of Realtors. The sales number was an upside surprise to earlier estimates of ... READ MORE >
Chart of the day: Sales of existing homes drop amid high prices
Existing home sales in August inched down by 2.0% to 5.88 million, following an upwardly revised 6.00 million in July, according to a report released Wednesday by the National Association of Realtors. The new data continued to point to signs of deceleration in the housing market, but it is still a ... READ MORE >