Redfin’s latest analysis of homebuyer trends has found that bidding wars are heating up as mortgage rates have dipped and the nation’s housing supply remains strained.
Read More »Pending Sales Push Past 8% in December
On a regional basis compared to one year ago, pending home sales decreased in the Northeast but improved in the Midwest, South, and West.
Read More »Pending Home Sales Level Off in November
NAR reported a steadying of pending home sales in the month of November, as contract signings grew in the Northeast, Midwest, and West, but slid in the South.
Read More »Housing Market Snapshot: The Year Ahead
The National Association of Realtors' latest forecast predicts a modest bump in existing-home sales while annual median home prices should remain relatively flat—something that bodes well for affordability.
Read More »Pending Sales Dropped in all Regions YoY
Month-over-month, contract signings intensified in the Northeast but diminished in multiple other U.S. regions. First American Deputy Chief Economist Odeta Kushi commented, “While there remains quite a bit of demand for homes on the sidelines, you can't buy what's not for sale, even if you can afford it.”
Read More »Persistent Lack of Inventory Limiting Market Potential
One of the key datapoints of the newest housing snapshot from the National Association of Realtors is that existing home sales in October fell to a seasonally adjusted annual rate of 3.7 million units. Click through for more from this report.
Read More »Outlook: Real Estate—Especially Commercial—On the Cusp of Revitalization
Commercial real estate looks to be on the leading edge of revitalization, according to comments made by Lawrence Yun, the Chief Economist for the National Association of Realtors. Read on to see what he’s predicting for the months ahead.
Read More »NAR Forecast: Existing Home Sales on the Rise by Next Spring
According to National Association of Realtors Chief Economist Lawrence Yun, mortgage rates will be between 6-7% by next spring. Here’s what that may mean for existing home sales.
Read More »Up, Up, and Away: How Many U.S. Metros Reported Q3 Home Price Gains?
NAR reports that single-family existing-home sales prices rose in the vast majority of metros nationwide in the third quarter, with the national median home price growing to more than $406K.
Read More »Snapshot: Pending Home Sales & 2024 Economic Forecast
Including pending home sales numbers, the National Association of Realtors also updated its annual economic forecasts for 2023 and 2024. Click through to find out how much pending home sales numbers changed from last year and to view the NAR’s economic forecast.
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