August Existing Home Sales at 14-Year High

Existing home sales reached their highest level since before the Great Recession, the National Association of Realtors reported yesterday.

July Existing Home Sales Ride the Wave

Existing home sales surged by a record 24.7 percent in July, the second straight double-digit monthly gain, the National Association of Realtors reported yesterday.

Lack of Supply Hinders Housing Market’s Full Potential

Despite the housing market’s show of strength this summer amid economic turmoil sparked by the coronavirus pandemic, it has yet to reach its full potential because of ongoing supply restraints, said First American Financial Corp., Santa Ana, Calif.

June Existing Home Sales Jump Record 20.7%

Existing home sales rebounded at a record pace in June, the National Association of Realtors reported yesterday, showing strong signs of a market turnaround after three straight months of sales declines caused by the coronavirus pandemic.

May Existing Home Sales Down Nearly 10%–But Analysts See Upside

Existing home sales fell by nearly 10 percent in May from April—the third consecutive monthly decline in the wake of the coronavirus outbreak—the National Association of Realtors reported yesterday. But analysts saw positive signals despite the drop, as first-time buyer and Millennial demand showed signs of intensifying.

MBA Chart of the Week: Existing Home Sales and Inventory

Existing home sales plunged in April, as much of the U.S. economy and housing market bore the brunt of the COVID-19 pandemic’s social distancing and closures. There was an 18 percent drop in the seasonally adjusted, annualized pace of home sales, the largest single month decline since July 2010.

MBA Chart of the Week: Existing Home Sales and Inventory

Existing home sales plunged in April, as much of the U.S. economy and housing market bore the brunt of the COVID-19 pandemic’s social distancing and closures. There was an 18 percent drop in the seasonally adjusted, annualized pace of home sales, the largest single month decline since July 2010.

March Existing Home Sales Fall—But Worst Is Yet to Come

After a promising start to the spring home-buying season, existing home sales tumbled in March to a nearly five-year low, the National Association of Realtors reported yesterday—and because of the coronavirus pandemic, the outlook for April isn’t any better.