“Motivated by fast-rising rents and the anticipated increase in mortgage rates, consumers that are on strong financial footing are signing contracts to purchase a home sooner rather than later.” — NAR chief economist Lawrence Yun
The post Pending-home sales rebound in October appeared first on Atlanta Agent Magazine.
The U.S. housing market kept firing on all cylinders, as the demand for residential real estate drove prices higher for the 116th month in a row, marking the longest streak on record.
The post NAR: Existing-home sales rise again in October appeared first on Atlanta Agent Magazine.
It’s been a crazy year for real estate with bidding wars, record home prices and historically low inventory, but that may all come to an end in 2022
The post Could the Atlanta housing market normalize in 2022? appeared first on Atlanta Agent Magazine.
Should you wait until spring to put your home on the market? A recent Realtor.com report says, not necessarily.
The post The winter housing market may be strongest since 2006 appeared first on Atlanta Agent Magazine.
Seventy-eight percent of the 183 U.S. markets monitored by the National Association of Realtors had double-digit increases in their median home prices, a decline from the second quarter, when 94% of markets saw double-digit increases.
The post The pace of home prices continued to rise in the third quarter, but at a slower clip appeared first on Atlanta Agent Magazine.
“Contract transactions slowed a bit in September and are showing signs of a calmer home price trend, as the market is running comfortably ahead of pre-pandemic activity.” — NAR chief economist Lawrence Yun
The post NAR: Pending-home sales slide 2.3% in September appeared first on Atlanta Agent Magazine.
“May’s strong increase in transactions — following April’s decline, as well as a sudden erosion in home affordability — was indeed a surprise. The housing market is attracting buyers due to the decline in mortgage rates, which fell below 3%, and from an uptick in listings.” — NAR chief economist Lawrence Yun
The post NAR: May pending-home sales jump unexpectedly appeared first on Atlanta Agent Magazine.
The shortage of housing in America is more “dire” than previously expected, and the NAR’s new report puts pressure on lawmakers to provide additional public funding and policy incentives to fix this massive underbuilding gap.
The post NAR: U.S. housing market is short 5.5 million homes appeared first on Atlanta Agent Magazine.
Year over year, however, pending home sales were up 57.1%, the NAR said, citing its monthly Pending Home Sales Index.
The post NAR: Pending home sales slide in April on tight inventory appeared first on Atlanta Agent Magazine.
The short supply continued to drive increases in the price of homes, with the median existing-home price for all housing types rising 19.1% year over year to $341,600.
The post NAR: Existing-home sales slide 2.7% in April on short supply appeared first on Atlanta Agent Magazine.