New-home sales fall 8.7% as buyers react to persistently high mortgage rates.
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Category: Real Estate News
U.S. Home Prices Increased in July
S&P CoreLogic Case-Shiller National Home Price Index gained 1% from a year earlier.
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U.S. Home Sales Fall in August to the Lowest Level Since January
“It’s possible that mortgage rates may go up to 8%,” says Lawrence Yun, chief economist at the National Association of Realtors.
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U.S. Mortgage Demand Rises Ahead of Fed Decision on Rates
Applications are rising despite the 30-year rate being at its highest level in four weeks, industry group says.
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U.S. Housing Starts Drop to Lowest Level Since June 2020
Construction of new U.S. homes fell 11.3% in August as builders scaled back new projects to focus on completions.
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Signed Contracts for U.S. Homes Rise for the Second Month in a Row
Small increase shows that “many people have lost out on multiple home-buying offers,” says Lawrence Yun of the National Association of Realtors.
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U.S. Home Prices Rose in June—Paced by Chicago—Amid Inventory Squeeze
The Windy City led the nation in home-price gains, with a 4.2% pickup, S&P CoreLogic Case-Shiller reports.
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U.S. New-Home Sales Rise 4.4% in July
U.S. new home sales rose 4.4% to an annual rate of 714,000 in July, from a revised 684,000 in the prior month, the Commerce Department reported Wednesday.
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U.S. Home Sales Fall in July to a Six-Month Low
“Two factors are driving current sales activity—inventory availability and mortgage rates,” says Lawrence Yun, chief economist at the National Association of Realtors.
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Builders Ramped Up Construction of New U.S. Homes in July
So-called housing starts rose to a 1.45 million annual pace from 1.4 million in June, the government said Wednesday.
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