Key Highlights Existing-home sales jumped 14.5% in February to a seasonally adjusted annual rate of 4.58 million, snapping a 12-month slide and representing the largest monthly percentage increase since July 2020 (+22.4%). Compared to one year ago, however, sales retreated 22.6%. The median existing-home sales price decreased 0.2% from the
As we reflect on 2022 real estate sales data, trends show a slowing sales pace into 2023 from the peak of pandemic buying. While we did not maintain the rapid market of 2020 and 2021, we note that the number of properties sold and the dollar volume transacted still
Key Highlights Pending home sales improved in January for the second consecutive month, according to the National Association of REALTORS®. All four U.S. regions posted monthly gains but saw year-over-year drops in transactions. The Pending Home Sales Index (PHSI)* — a forward-looking indicator of home sales based on contract signings —
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Existing-home sales fell for the twelfth straight month in January, according to the National Association of Realtors®. Month-over-month sales were mixed among the four major U.S. regions, as the South and West registered increases, while the East and Midwest experienced declines. All regions recorded year-over-year declines.
Key Highlights • Existing-home sales faded for the eleventh straight month to a seasonally adjusted annual rate of 4.02 million. Sales waned 1.5% from November and 34.0% from one year ago. • The median existing-home sales price climbed 2.3% from the previous year to $366,900. • Existing-home sales totaled 5.03
Key Highlights • Pending home sales decreased for the sixth consecutive month, down 4.0% from October.• Month-over-month, contract signings declined in all four major U.S. regions.• Pending sales fell in all regions compared to one year ago. Pending home sales slid for the sixth consecutive month in November, according to
First-time homebuyers are discouraged by high home prices, higher interest rates and continuing inflation. According to the National Association of REALTORS, by mid-2022, first-timers made up only 26% of all homebuyers, the lowest number in 41 years. The age of first-timers rose from 33 to 36, an all-time high, while their median household income slipped to $71,000 from $86,000 year-over-year.
Existing-home sales declined for the tenth month in a row in November, according to the National Association of REALTORS®. All four major U.S. regions recorded month-over-month and year-over-year declines. Total existing-home sales,1 https://www.nar.realtor/existing-home-sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – waned 7.7% from October to a seasonally
Inflation, home prices and interest rates were higher in 2022 than they’ve been in years, but if you’re planning to become a homeowner in 2023, you’ve got time to improve your buying power. TheMortgageReports.com recommends talking to a mortgage lender, even if you aren’t ready to buy until later in the
