NAR: Pending Home Sales Down 1.2% in MarchThe index has dropped for 5 straight months; it fell 8.2% year-over-year. Chief Economist Yun: It may signal “calmer and normalized market conditions” soon.
WASHINGTON – Pending home sales dropped in March, …continue
NAR: March Existing Home Sales Slip 2.7%Year-to-year, total U.S. home sales fell 4.5%. NAR’s chief economist says sharply rising mortgage rates and higher inflation is beginning to impact the market. …continue
Case-Shiller: Jan. Home Prices Surged a Record 19.1%The increase follows 18.9% in Dec. Top increases in the 20-city index included No. 1 Phoenix (up 32.6%), followed by Tampa (up 30.8%) and Miami (up 28.1%). …continue
New-Home Sales Drop 2% in Feb.NAHB says price increases and rising mortgage rates pushed some new-home buyers out of the market. The median sales price hit $400,600, up 10.6% year-to-year. …continue
Feb. New-Housing Starts Surpass ExpectationsA disappointing dip in Jan. new-home starts was followed by a surprise surge in Feb. Economists expected about 3.2% growth but starts rose by 6.8%. …continue
