Tag Archives: Pending Home Sales

With the average length of time Americans remain in their home now exceeding 10.5 years, rising mortgage rates will continue to discourage existing homeowners from selling their homes and further curb migration, according to a report.

Mortgage purchase applications are decreasing, while median asking prices of newly listed homes increased to 12.9%. Here's the data from a new housing market update.

Redfin reported median sale prices rose to a record high even as the number of homes for sale fell to an all-time low. Homebuyer demands is projected to slow in the coming winter months, as it may return to a ...

Buyers may be returning to the market, but millennials and other first-time buyers continue to grapple with still-record-high prices.

Also, supply remains short, competition continues, and steep prices have translated into a wealth gain of $45,000 for a typical homeowner.

Median home-sale prices have increased to a record high 19% year-over-year in June, forcing more to hold back their purchases or opt for cheaper housing alternatives.

Affordability remains a factor in the decision-making of home shoppers nationwide who would rather sit on the sidelines before committing to an overpriced market short on inventory.

A new survey has found that while supply remains an issue, the housing market is attracting buyers due to mortgage rates, which continue in the 3% range.

For the first time in 2021, the demand for homes has fallen below last year’s levels, with high prices turning many would-be buyers away from a still-completive marketplace.

Despite still being up 29% year-over-year from 2020, pending home sales are tailing off as a new report examines this downturn.