Sales
The Impact of Interest Rates on Condo Sales
Interest rates are critical in the real estate market, especially in selling condominiums. Understanding this impact can help buyers, sellers and investors make informed decisions. Introduction to interest rates and condo sales Interest rates are the cost of borrowing money, typically expressed as an annual percentage of the loan amount. They influence the affordability of… […]
Existing-Home Sales Slipped 5.4% in June; Median Sales Price Jumps to Record High of $426,900
Existing-Home Sales Slipped 5.4% in June Homes are sitting on the market longer, and sellers are receiving fewer offers as a slow shift occurs from a seller’s market to a buyer’s market. Media Contact: Troy Green 202-383-1042
Pending Home Sales Dropped 2.1% in May
The first half of the year did not meet expectations regarding home sales but exceeded expectations related to home prices. www.nar.realtor – Research
US Pending Home Sales Gauge Slumps in April to Four-Year Low –Bloomberg News
U.S. existing-home sales tumbled to a four-year low in April as higher mortgage rates cast a pall on the spring selling season. www.nar.realtor – Research
Existing-Home Sales Retreated 1.9% in April
Existing-Home Sales Retreated 1.9% in April Home sales changed little overall, but the upper-end market is experiencing a sizable gain due to more supply coming onto the market. Media Contact: Troy Green 202-383-1042
Compass Leader Bullish on Agent Value; Sees Major Sales Rebound Coming
Above, Robert Reffkin Shifting gears during a standard company earnings report last week, Compass Founder and CEO Robert Reffkin delivered a state-of-the-industry address in which, among other things, he insisted that the residential real estate market will rebound dramatically in the coming years, driven by factors such as increased inventory, all-cash homebuyers and low mortgage… […]
Pending Home Sales Rose 1.6% in February
Pending Home Sales Rose 1.6% in February Modest sales growth shows slow and steady progress from the lows of late last year. Media Contact: Lauren Cozzi 202-383-1178
November 2023 Existing-Home Sales Rise After Five Months of Declines
NAR released a summary of existing-home sales data showing that housing market activity increased by 0.8% from October 2023. www.nar.realtor – Research
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
Pending Home Sales Grew 1.1% in September
Pending Home Sales Grew 1.1% in September Pending contracts remain at historically low levels due to the highest mortgage rates in 20 years. Media Contact: Lauren Cozzi 202-383-1178