Total housing inventory at the end of August was 1.11 million units, up 3.7% from July but down 14.6% on a year-over-year basis, the National Association of REALTORS® said.
The post NAR: Existing-home price rises again as sales continue to slide appeared first on Atlanta Agent Magazine.
Mortgage rates have surged to 20-year highs of more than 7%, and are poised to rise even further. But buyers of new homes aren’t necessarily feeling the pinch.
The post The 30-Year Mortgage Rate Has Surpassed 7%, but Some Buyers Are Only Paying 6%. Here’s How They Do It. appeared first on Real Estate News & Insights | realtor.com®.
“Two factors are driving current sales activity—inventory availability and mortgage rates,” says Lawrence Yun, chief economist at the National Association of Realtors.
The post U.S. Home Sales Fall in July to a Six-Month Low appeared first on Real Estate News & Insights | realtor.com®.
High mortgage rates and limited inventory continued to weigh on sales activity, National Association of REALTORS®Chief Economist Lawrence Yun said.
The post NAR: Existing-home sales decline as median price remains above $400,000 appeared first on Atlanta Agent Magazine.
The housing market is like a car stuck in the mud. It’s not sinking any further into the muck, but it can’t escape it either.
The post ‘The Housing Market Is in Gridlock’—and Why It’s Not Getting Better or Worse appeared first on Real Estate News & Insights | realtor.com®.
“There are simply not enough homes for sale,” Lawrence Yun, chief economist at the National Association of Realtors, says.
The post Home Sales Fall in June as Listings Dwindle appeared first on Real Estate News & Insights | realtor.com®.
The median existing-home price for all housing types in June rose to $410,200, 0.9% less than the all-time high of $413,800 reached in June 2022, the National Association of REALTORS® said.
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At the same time, the median existing-home price for all housing types slid 3.1% year over year to $396,100.
The post NAR: Existing-home sales tick higher in May appeared first on Atlanta Agent Magazine.
Multiple offers are back, chief economist at the National Association of Realtors says, even as home prices are coming down.
The post U.S. Existing Home Prices Suffer Largest Drop Since December 2011 appeared first on Real Estate News & Insights | realtor.com®.
Multiple-offer situations have returned with the spring buying season while distressed and forced sales are “virtually nonexistent,” the National Association of REALTORS® said.
The post NAR: Existing-home sales and days on market slide in April appeared first on Atlanta Agent Magazine.