March proved challenging for the housing market as sales of existing homes plummeted by 4.3%, marking the steepest drop since November 2022, according to the National Association of Realtors on Thursday. This decline mirrors earlier setbacks in housing starts and permits. A significant uptick in ... READ MORE >
U.S. existing home sales
Existing home sales exceed forecasts as prices jump
Existing home sales came in much stronger than expected to post the biggest monthly increase in a year, the National Association of Realtors reported on Thursday. There were 4.38 million existing homes sold in February, up by 9.5% from a month ago. Given that February's increase was the third in nine ... READ MORE >
U.S. existing home sales plunged to their lowest level since 2010
Sales of existing homes in the United States extended their slump for the fifth consecutive month, primarily because of elevated mortgage rates that have dampened both demand and supply. Read more of RSM's insights on real estate and the middle market. In October, sales of existing homes dropped to ... READ MORE >
Existing home sales fall to the lowest level since 2010
Existing home sales fell in September to the lowest level since 2010 as mortgage rates hit a multidecade high. Even if the Federal Reserve holds interest rates steady in the next two months, the lagged impact of monetary tightening, especially quantitative tightening, has continued to put pressure on ... READ MORE >
Falling jobless claims, existing home sales offer mixed economic picture
Even as the labor market remains tight, signs of a slowdown continue to appear in different pockets of the economy. The mixed signals from Thursday's data on initial jobless claims and existing home sales added to an economic picture that resembles a soft landing when the economy bends but does not ... READ MORE >
Existing home sales fall near January low as rates surge
Sales of existing homes fell in back-to-back months as multi-decade high mortgage rates continued to suppress demand and supply. The data from the National Association of Realtors certainly added more risks to our call that a housing bottom has passed. Read more of RSM's insights on the real estate ... READ MORE >
Home sales dropped by 17.8% last year in biggest drop since 2008
Sales of existing homes fell for the 11th straight month in December, finishing their worst year since 2008, the National Association of Realtors reported on Friday. Still, there is some room left for sales to fall further as the Federal Reserve has signaled that it will continue to tighten monetary ... READ MORE >