May 2024 U.S. existing-home sales fell for the second month in a row, sliding 1.9% month-over-month and 1.9% year-over-year, according to the National Association of REALTORS® (NAR), with sales down in all four regions of the country. Higher borrowing costs and accelerating home prices continue to weigh on demand, pushing some prospective buyers to the […]

August 2023 Higher mortgage rates, along with elevated sales prices and a lack of housing inventory,have continued to impact market activity during the summer homebuying season. Theaverage 30-year fixed-rate mortgage has remained above 6.5% since May, recentlyhitting a two-decade high in August, according to Freddie Mac. As a result, existing home sales have continued to […]

June 2023 Temperatures are heating up, yet the U.S. housing market remains cooler than usual forthis time of year due to a combination of low inventory and higher borrowing costs,which have restricted market activity going into the summer homebuying season.According to the latest data from the National Association of REALTORS® (NAR),national existing-home sales climbed 0.2% […]

January 2023 The US housing market began the year in a state of rebalance, with many buyers andsellers remaining cautious while they wait to see where the market is headed. Nationally,pending sales rose 2.5% month-to-month, marking the first increase since May, whilesales of existing homes fell 1.5% as of last measure, according to the NationalAssociation […]

November 2022 Housing affordability continues to be a major roadblock for market participants, withmortgage rates more than double compared to this time last year. Buyers are delayinghome purchases in hopes rates will drop, while many sellers are holding off on listingtheir homes due to weakening buyer demand, unwilling to trade in their current lowerrates for […]

October 2022 Existing home sales declined nationwide for the eighth consecutive month, falling 1.5%as of last measure, according to the National Association of REALTORS® (NAR), withsales down nearly 24% from the same period last year. Pending home sales alsodeclined, dropping 10.9% month-to-month, exceeding economists’ expectations.Stubbornly high inflation and soaring borrowing costs have eroded buyer purchasingpower […]