Sales
Existing-Home Sales Advanced 1.3% in July, Ending Four-Month Skid
Consumers are seeing more choices, and affordability is improving due to lower interest rates. www.nar.realtor – Research
Pending Home Sales Up 2% in October; All 4 U.S. Regions Record Gains
Pending home sales ascended in October, the third consecutive month of increases, according to the National Association of REALTORS® (NAR). All four major U.S. regions experienced month-over-month gains in transactions, with the Northeast leading the way. Year-over-year, contract signings increased in all four U.S. regions, led by the West. The Pending Home Sales Index (PHSI),… […]
Pending Home Sales Dropped 5.5% in July
Compared to one year ago, pending home sales increased in the Northeast but decreased in the Midwest, South and West. www.nar.realtor – Research
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