May 2024 U.S. existing-home sales fell for the second month in a row, sliding 1.9% month-over-month and 1.9% year-over-year, according to the National Association of REALTORS® (NAR), with sales down in all four regions of the country. Higher borrowing costs and accelerating home prices continue to weigh on demand, pushing some prospective buyers to the […]
Monthly Market Stats For March 2024
March 2024 U.S. existing-home sales improved for the second month in a row, jumping 9.5% to aseasonally adjusted annual rate of 4.38 million units, exceeding economists’expectations and marking the largest monthly gain in a year, according to the NationalAssociation of REALTORS®(NAR). The rebound in home sales comes amid fluctuatingmortgage rates and elevated sales prices, indicating […]
Monthly Market Stats For August
August 2023 Higher mortgage rates, along with elevated sales prices and a lack of housing inventory,have continued to impact market activity during the summer homebuying season. Theaverage 30-year fixed-rate mortgage has remained above 6.5% since May, recentlyhitting a two-decade high in August, according to Freddie Mac. As a result, existing home sales have continued to […]
Holiday Party 2023
Celebrate the season with The Exceptional Home Team and Summit Mortgage Corporation! Join The Exceptional Home Team and Summit Mortgage Corporation in celebrating the season! You’re warmly invited to our holiday party, where Santa and Mrs. Claus will be present to spread joy and capture delightful moments with your children. Additionally, we’re continuing our tradition […]
Monthly Market Stats For July
July 2023 Affordability constraints have continued to limit homebuying activity this summer, withexisting-home sales falling 3.3% month-over-month nationwide as of last measure,according to the National Association of REALTORS® (NAR). Mortgage rates haveapproached 7% in recent months, leading many prospective buyers to put their homepurchase plans temporarily on hold. But higher rates have also kept many […]
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