The Latest Breaking News from Lawrence Yun

“Conscious of changing mortgage rates, home buyers are taking advantage of any rate declines,” says NAR’s chief economist.

Washington (AFP) - Sales of existing homes in the United States made their biggest monthly jump since 2020 in February, ending a year of declines according to industry data released on Tuesday.

But there are a couple silver linings for home buyers: prices are falling and inventories are rising.

Toll Brothers advanced Wednesday after the luxury homebuilder topped earnings estimates. Meanwhile, U.S. existing home prices continue falling.

The nation’s housing slump deepened in January as home sales fell for the 12th month in a row to the slowest pace in more than a dozen years

Existing-home sales — meaning sales of previously occupied homes, rather than newly built homes — have been on a downward trend all year. And with both mortgage rates and prices remaining fairly high, home shoppers have pulled back. A new report by the National Association of Realtors (NAR) indicates that…

Washington (AFP) - Sales of existing homes in the United States have fallen for the 11th straight month, with the past year logging the biggest annual drop since 2008, according to industry data released Friday.

Washington (AFP) - Sales of existing homes in the United States have fallen for the 11th straight month, as a rough period of limited inventory and high mortgage rates persists, according to industry data released Friday.

New York (AFP) - Higher borrowing costs are leading to fewer US home sales, but prices are staying elevated in a holdover from the torrid peak-pandemic market.

The buying frenzy of a year ago is long gone. Home buyers have pulled away, sellers are holding back, and the whole housing market is locked in a deep freeze.

The December rate hike was the seventh bump in 2022, a year that saw mortgage rates swing wildly from 3.4% in January all the way to 7.12% in October before inching back down again.