The month-over-month progress is welcome news for a housing market that has struggled to gain momentum. What could be driving the uptick in sales activity?
Tag: Home Sales
First American’s Odeta Kushi: Sales Activity Driven by the ‘Five Ds’ Amid Persistent Market Headwinds
The month-over-month progress is welcome news for a housing market that has struggled to gain momentum. What could be driving the uptick in sales activity?
New Home Sales Grew in December
Per the U.S. Census Bureau and U.S. Department of Housing and Urban Development, sales of new single-family homes in December hit a seasonally adjusted annual rate of 664,000.
Existing Home Sales Slip in July
Existing-home sales fell 2.2% in July to a seasonally adjusted annual rate of 4.07 million, the National Association of Realtors reported Tuesday.
Existing Home Sales Slip in July
Existing-home sales fell 2.2% in July to a seasonally adjusted annual rate of 4.07 million, the National Association of Realtors reported Tuesday.
Redfin: Fewer Listings, Faster Home Sales
Redfin, Seattle, said fewer homes are selling than usual this spring—but the ones that are changing hands are going fast, with a small pool of buyers circling an even smaller pool of listings.
Redfin: Spring Home Season Off to Mixed Start
Two reports from Redfin, Seattle, suggest the spring home buying/selling season could be hamstrung by cooling home prices and a usual suspect: not enough housing inventory.
MBA Chart of the Week: New, Existing Home Sales
We are forecasting a weak start to 2023 for the housing market. Driven by a recession in the first half of the year and a continuation of the trends outlined above, we expect a 13% drop in existing home sales and a 4% decrease in new home sales for 2023, following 16% decreases in both segments in 2022.
Sellers Increasingly Reluctant to List Homes; Investors Stepping Up
Redfin, Seattle, said would-be sellers are reluctant to list their homes as they have begun to see prices come down. With few new listings, buyers’ newfound bargaining power is reaching its limit, especially now that demand has stabilized.
Redfin: Home Sales Post First Annual Decline in 15 Months
Redfin, Seattle, reported home sales fell on a monthly and annual basis in August for the first time since May 2020, although home prices continued to rise at a double-digit annual pace.