October
Existing-Home Sales Receded 4.1% in October
Existing-Home Sales Receded 4.1% in October Prospective homebuyers experienced another difficult month due to lack of housing inventory and the highest mortgage rates in a generation. Media Contact: Troy Green 202-383-1042
Instant Reaction: Mortgage Rates, October 5, 2023
The 30-year fixed mortgage interest rate now sits at 7.49% as of October 5, 2023, up from 7.31% last week. www.nar.realtor – Research
Pending Home Sales Declined 4.6% in October
Pending Home Sales Declined 4.6% in October Month-over-month, contract signings fell in three of four major U.S. regions in October 2022, while the Midwest registered an increase. Media Contact: Lauren Cozzi 202-383-1178
Existing-Home Sales Fell for the Ninth Straight Month and Decline 5.9% in October 2022
October’s existing home sales reached a 4.43 million seasonally adjusted annual rate, declining 28.4% from October 2021. www.nar.realtor – Research
Existing-Home Sales Slumped 5.9% in October
Fewer homebuyers were able to qualify for a mortgage in October 2022 as mortgage rates climbed higher, with the impact greater in expensive areas of the country and in markets that witnessed significant home price gains in recent years. www.nar.realtor – Research
Instant Reaction: Housing Starts, October 19, 2022
Housing starts weakened in September 2022, driven by insufficient single-family home construction and multifamily apartment building. www.nar.realtor – Research
Instant Reaction: Jobs, October 7, 2022
Job gains continued in September 2022 with a solid 263,000 net new additions and the unemployment rate is tight at 3.5%. www.nar.realtor – Research
Pending Home Sales Climb 7.5% in October 2021
The pending home sales pace in October 2021 increased 7.5% last month but fell 1.4% from a year ago. www.nar.realtor – Research
October 2021 Foot Traffic
Showings declined in every region: Northeast region (-23%), Midwest (-17%), West (-17%) and South (-12%). www.nar.realtor – Research
Housing Affordability Declines in October 2020 Amid Surging Home Prices
Affordability declined in October compared to September as the median family income rose by 3.3% while the median home prices grew by 16.0%. www.nar.realtor – Research