July 2024 U.S. existing home sales fell 5.4% month-over-month and 5.4% year-over-year to aseasonally adjusted annual rate of 3.89 million units, with monthly sales down in all fourregions, according to the National Association of REALTORS® (NAR). Higher mortgagerates, along with rising sales prices, have kept many prospective buyers on thesidelines, despite more home choices and […]

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 […]

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 […]

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 […]

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 […]