September
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
Existing-Home Sales Fell 2.0% in September
Existing-Home Sales Fell 2.0% in September Regionally, sales rose in the Northeast but receded in the Midwest, South and West. All four regions of the U.S. saw year-over-year sales declines. Media Contact: Troy Green 202-383-1042
Instant Reaction: Mortgage Rates, September 07, 2023
Mortgage interest rates eased this week from 7.18% to 7.12%. Although this is the fourth week above 7%, demand is still active in the housing market despite higher rates. www.nar.realtor – Research
Pending Home Sales Waned 10.2% in September
Pending home sales fell for the fourth consecutive month in September, declining month-over-month and year-over-year in all regions of the U.S. www.nar.realtor – Research
Existing-Home Sales Drop for the Eighth Straight Month and Decline 1.5% in September 2022
September 2022’s existing-home sales reached a 4.71 million seasonally adjusted annual rate, declining 23.8% from September 2021. www.nar.realtor – Research
Existing-Home Sales Decreased 1.5% in September
Existing-Home Sales Decreased 1.5% in September Three out of the four major U.S. regions saw sales fall month-over-month, while the West held steady. Year-over-year, sales dropped i Media Contact: Troy Green 202-383-1042
Fannie Mae: Mortgage Serious Delinquency Rate Decreased in September
Fannie Mae reported that the Single-Family Serious Delinquency decreased to 1.62% in September, from 1.79% in August. The serious delinquency rate is down from 3.20% in September 2020. These are mortgage loans that are “three monthly payments or more past due or in foreclosure”. The Fannie Mae serious delinquency rate peaked in February 2010 at […]
Pending Home Sales Dip 2.3% in September
Pending Home Sales Dip 2.3% in September Pending home sales dipped in September, retreating from a previous month of growth. Media Contact: Quintin Simmons 202-383-1178
Housing Affordability Declines in September 2020 as Median Family Prices Continue to Surge
At the national level, housing affordability declined in September 2020 compared to a year ago but rose compared to August. www.nar.realtor – Research
First-time Buyer Share Declines to 31% in September 2020 But Still Hits 2 Million
Amid more intense buyer competition, rising prices, and higher credit qualifications, the share of first-time buyers continued to decline to 31% in September. www.nar.realtor – Research