The increase ends a six-month string of monthly declines, the National Association of REALTORS® said.
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Category: Lawrence Yun
Median existing-home price tops $400,000 for first time in May
Meanwhile, existing-home sales slid 3.4% from April to a seasonally adjusted annual rate of 5.41 million, according to the National Association of REALTORS®.
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The Fed hikes interest rates 0.75% — what it means for real estate
The Federal Reserve raised interest rates by .75% today: the sharpest increase since 1994. How will that affect real estate?
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Pending-home sales fall to 10-year low
Nevertheless, home prices are expected to continue rising through the end of the year, according to the National Association of REALTORS®.
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“Unusual” market in April as home sales slow, but listed homes still sell quickly and at high prices
The inventory of unsold homes increased in April, while the median existing-home sales price rose, according to the National Association of REALTORS®.
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Single-family home construction slows for second month in a row as apartment starts jump
“Builders are responding to higher mortgage rates and are chasing rising rents, with fewer homebuyers and more renters being forced to renew their leases.” — NAR Chief Economist Lawrence Yun
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NAR data shows another dip in existing-home sales
Rising interest rates and home prices have taken a toll on would-be homebuyers’ purchasing power, leading to increased inventory and another monthly slowdown in sales.
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Pending-home sales down for fourth month in a row
“Buyer demand is still intense, but it’s as simple as ‘one cannot buy what is not for sale.” — National Association of REALTORS® chief economist Lawrence Yun
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Pending-home sales slide for third month in a row
“Given the situation in the market — mortgages, home costs and inventory — it would not be surprising to see a retreat in housing demand.” — NAR chief economist Lawrence Yun
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Existing-home sales slide in December while prices continue to climb
“December saw sales retreat, but the pull back was more a sign of supply constraints than an indication of a weakened demand for housing.” — NAR chief economist Lawrence Yun
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