US New-Home Sales Rebound in November After Storm-Stricken Month
2 weeks, 2 days ago

US New-Home Sales Rebound in November After Storm-Stricken Month

Live Mint  

-- New-home sales in the US rebounded last month as builders and consumers sealed deals that had been delayed by storms in the South, and buyers took advantage of heavy sales incentives. Sales of new single-family homes increased 5.9% last month to a 664,000 annualized rate, according to government data issued Monday. Builders last month played catchup especially in the South, the nation’s biggest homebuilding region, where hurricanes in the fall sank October sales. In the existing-homes market, house hunters are starting to accept this new reality, as sales increased last month to the fastest pace since March.

South Month Bloomberg Sales Rebound  sale  report  stormstricken  singlefamily  south  homes  newhome  increased  showed  sales  rebound  builders  month

History of this topic

Bad news for homebuyers in the Northeast and Midwest
2 days, 7 hours ago

Bad news for homebuyers in the Northeast and Midwest

CNN  

CNN — Potential home shoppers in the Northeast and Midwest may be in for disappointment: Despite signs of cooling in the last year’s intensively competitive housing market, a new report from Zillow says some areas will stay especially competitive this year. Buying a home has grown more difficult for many Americans amid elevated mortgage rates and a lack of affordable …

US home sales hit fastest pace since March with more properties up for sale
2 weeks, 6 days ago

US home sales hit fastest pace since March with more properties up for sale

Associated Press  

Sales of previously occupied U.S. homes rose in November to their fastest pace since March with home shoppers encouraged by a wider selection of properties on the market, even as mortgage rates mostly ticked higher. Despite increasing in November and October, home sales are still running below last year’s pace, when they sank to a nearly 30-year low. “Looks like …

US home sales rose in October, notching their first annual gain in more than 3 years
1 month, 2 weeks ago

US home sales rose in October, notching their first annual gain in more than 3 years

Associated Press  

LOS ANGELES — Sales of previously occupied U.S. homes rose in October, the first annual gain in more than three years, with home shoppers encouraged by easing rates and a pickup in properties on the market. Existing home sales rose 3.4% last month, from September, to a seasonally adjusted annual rate of 3.96 million, the National Association of Realtors said …

China Housing Market Shows Signs of Recovery: First Positive Growth in 15 Months
2 months, 1 week ago

China Housing Market Shows Signs of Recovery: First Positive Growth in 15 Months

China Daily  

China's new and secondhand home transactions show signs of recovery, marking the first positive growth in 15 months. The combined transaction volumes of new and secondhand homes increased by 3.9 percent year-on-year in October, indicating a significant turnaround following eight months of consistent decreases since February. The real estate market in major cities may experience a 'mild winter' this year, …

Number of house sales in pipeline at highest in four years, says Zoopla
2 months, 1 week ago

Number of house sales in pipeline at highest in four years, says Zoopla

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy An estimated £113 billion-worth of …

Mortgage approvals for house purchase jump to two-year high in August
3 months, 1 week ago

Mortgage approvals for house purchase jump to two-year high in August

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Remortgage approvals also picked up after a dip in …

Number of house sales was 5% higher in August than a year earlier
3 months, 1 week ago

Number of house sales was 5% higher in August than a year earlier

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Holly Tomlinson, a financial planner at wealth manager Quilter …

US home sales fell in August despite easing mortgage rates, more homes on the market
3 months, 2 weeks ago

US home sales fell in August despite easing mortgage rates, more homes on the market

Hindustan Times  

LOS ANGELES — Sales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even as mortgage rates eased and the supply of properties on the market continued to rise. Sales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even as mortgage rates eased …

Fears grow for the future of America's favorite home repair stores
4 months, 2 weeks ago

Fears grow for the future of America's favorite home repair stores

Daily Mail  

Concerns about the future of two of America's favorite home improvement stores are growing. CEO Marvin Ellison said that elevated mortgage rates have deterred Americans from moving home and carrying out DIY projects. Home Depot rival Lowe's also cut its annual profit and sales forecasts on Tuesday. Customers are putting off large home renovation projects until loan rates come down …

The US housing slump deepened this spring. Where does that leave home shoppers and sellers?
6 months ago

The US housing slump deepened this spring. Where does that leave home shoppers and sellers?

Associated Press  

LOS ANGELES — The housing market shows few signs of busting out of its three-year funk after a disappointing spring season and amid a gloomy outlook for the summer and fall. The weak spring sales are a reflection of the affordability challenges many home shoppers face: the average rate on a 30-year mortgage rate is moored near 7%; the supply …

Market for newly built homes slows as elevated mortgage rates put off many home shoppers
6 months, 1 week ago

Market for newly built homes slows as elevated mortgage rates put off many home shoppers

Associated Press  

LOS ANGELES — Homebuilders who bucked the worst of last year’s housing slump may be seeing their luck run out. The recent slowdown in new home sales marks a shift from last year, when sales rose nationally for the first time in two years, climbing 4.2% from a year earlier. As last year, homebuilders have lowered prices and offered incentives …

US home sales fall for the 3rd straight month in May amid rising mortgage rates, record-high prices
6 months, 2 weeks ago

US home sales fall for the 3rd straight month in May amid rising mortgage rates, record-high prices

Associated Press  

LOS ANGELES — Sales of previously occupied U.S. homes fell in May for the third straight month as rising mortgage rates and record-high prices discouraged many prospective homebuyers during what’s traditionally the housing market’s busiest period of the year. “We had low home sales activity, prices are hitting record highs and homes look like they’re still getting multiple offers.” The …

US home sales post second straight monthly drop; house prices accelerate
7 months, 2 weeks ago

US home sales post second straight monthly drop; house prices accelerate

Live Mint  

* Existing home sales fall 1.9% in April * Housing inventory increases 9% to 1.21 million * Median house price rises 5.7% to $407,600 from year ago By Lucia Mutikani WASHINGTON, May 22 - U.S. existing home sales unexpectedly fell in April as higher mortgage rates and house prices weighed on demand, dealing another setback to the housing market. Though …

U.S. existing home sales drop 1.9% in April, pushed lower by high rates and high prices
7 months, 2 weeks ago

U.S. existing home sales drop 1.9% in April, pushed lower by high rates and high prices

Associated Press  

WASHINGTON — High mortgage rates and rising prices continued to put a damper on the spring homebuying season last month. Existing home sales fell 1.9% to a seasonally adjusted annual rate of 4.14 million in April from a revised 4.22 million in March, the National Association of Realtors reported Wednesday. Homeowners have hesitated to put their houses on the market …

Long-term mortgage rates retreat for second straight week, US average at 7.02%
7 months, 3 weeks ago

Long-term mortgage rates retreat for second straight week, US average at 7.02%

Associated Press  

The average rate on a 30-year mortgage in the U.S. fell for the second straight week, giving some relief to home shoppers already facing sky-high prices and a shortage of supply. The average 30-year rate fell to 7.02% from 7.09% last week, mortgage buyer Freddie Mac said Thursday. Mortgage rates are influenced by several factors, including how the bond market …

US Existing-Home Sales Decline as Rates Keep Buyers Sidelined
8 months, 3 weeks ago

US Existing-Home Sales Decline as Rates Keep Buyers Sidelined

Live Mint  

-- Sales of previously-owned homes in the US fell in March from a one-year high, underscoring the lingering impact of high mortgage rates and elevated prices. “Though rebounding from cyclical lows, home sales are stuck because interest rates have not made any major moves,” NAR Chief Economist Lawrence Yun said in a statement. At the current sales pace, selling all …

Average long-term US mortgage rate climbs above 7%
8 months, 3 weeks ago

Average long-term US mortgage rate climbs above 7%

Associated Press  

LOS ANGELES — Prospective homebuyers are facing higher costs to finance a home with the average long-term U.S. mortgage rate moving above 7% this week to its highest level in nearly five months. “Last week, purchase applications rose modestly, but it remains unclear how many homebuyers can withstand increasing rates in the future.” AP AUDIO: Average long-term US mortgage rate …

Home sales fall in March with mortgage rates rising
8 months, 3 weeks ago

Home sales fall in March with mortgage rates rising

Associated Press  

LOS ANGELES — The spring homebuying season is off to a sluggish start as home shoppers contend with elevated mortgage rates and rising prices. A modest pullback in mortgage rates early this year helped lift home sales in January and February, but rates mostly ticked up in February and March, when many of the home sales that were finalized last …

February home sales hit strongest pace in a year as mortgage rates ease and more houses hit market
9 months, 2 weeks ago

February home sales hit strongest pace in a year as mortgage rates ease and more houses hit market

Associated Press  

LOS ANGELES — Sales of previously occupied U.S. homes rose in February from the previous month to the strongest pace in a year with homebuyers encouraged by a modest pullback in mortgage rates and more properties on the market. Existing home sales climbed 9.5% last month from January to a seasonally adjusted annual rate of 4.38 million, the National Association …

US new home construction surged last month, as mortgage rates stayed high
9 months, 3 weeks ago

US new home construction surged last month, as mortgage rates stayed high

CNN  

Washington, DC CNN — Amid a housing shortage and an affordability crisis, US homebuilding heated up in February as builders anticipate demand for new homes to stay strong. “Lower mortgage rates are likely to bring buyers to the market in larger numbers, and builders are ramping up supply to meet this demand,” said Kelly Mangold of RCLCO Real Estate Consulting, …

Mortgage approvals for house purchase and property sales increased in January
10 months, 1 week ago

Mortgage approvals for house purchase and property sales increased in January

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. It’s not …

Home sales rose in January as easing mortgage rates, more homes for sale enticed homebuyers
10 months, 2 weeks ago

Home sales rose in January as easing mortgage rates, more homes for sale enticed homebuyers

Associated Press  

LOS ANGELES — Sales of previously occupied U.S. homes rose in January as homebuyers were encouraged by easing mortgage rates and a modest pickup in properties on the market. Existing home sales rose 3.1% last month from December to a seasonally adjusted annual rate of 4 million, the National Association of Realtors said Thursday. “While home sales remain sizably lower …

Home Depot’s strong fourth quarter overshadowed by weakening sales and expectations for 2024
10 months, 2 weeks ago

Home Depot’s strong fourth quarter overshadowed by weakening sales and expectations for 2024

Associated Press  

Home Depot’s sales continued to fade during the fourth quarter as the country’s largest home improvement retailer feels the impact of high mortgage rates and inflation on its customers. “Over Home Depot’s final quarter, we estimate that home sales in the U.S. dropped by 7.2% over the prior year. For the three months ended Jan. 28, Home Depot Inc. earned …

Home sales post biggest decline in four months thanks to high mortgage rates - but experts insist you can STILL haggle a good deal
10 months, 4 weeks ago

Home sales post biggest decline in four months thanks to high mortgage rates - but experts insist you can STILL haggle a good deal

Daily Mail  

Touring activity of homes is on the rise, up 16 percent since January 1 Mortgage rates are down from records highs but borrowing is still expensive Home sales in January were down 8 percent compared to last year as high mortgage rates and harsh winter weather may have discouraged Americans from buying. This week, 30-year fixed mortgage rates were 6.64 …

Home prices jumped by the most in almost a year in November, this closely watched barometer says
11 months, 1 week ago

Home prices jumped by the most in almost a year in November, this closely watched barometer says

Associated Press  

LOS ANGELES — A closely watched housing market barometer shows U.S. home prices in November posted their biggest annual gain in more than a year. A tight supply of homes for sale nationally has kept upward pressure on home prices despite a severe housing market slump deepened by a sharp runup in mortgage rates last fall. “That suggests pivoting of …

2023 was slowest year for US home sales in nearly 30 years as high mortgage rates frustrated buyers
11 months, 2 weeks ago

2023 was slowest year for US home sales in nearly 30 years as high mortgage rates frustrated buyers

Associated Press  

LOS ANGELES — Sales of previously occupied U.S. homes sank in 2023 to a nearly 30-year low, as sharply higher mortgage rates, rising prices and a persistently low level of homes on the market combined to push homeownership out of reach for many Americans. Last year’s home sales slump echoes the nearly 18% annual decline in 2022, when mortgage rates …

This Week: Retail sales, housing starts, home sales
11 months, 3 weeks ago

This Week: Retail sales, housing starts, home sales

Associated Press  

A look at some of the key business events and economic indicators upcoming this week RETAILER CHECKUP The Commerce Department delivers its December snapshot of U.S. retail sales Wednesday. Retail sales, monthly percent change, seasonally adjusted: July 0.6 Aug. 0.7 Sept. 0.8 Oct. -0.2 Nov. 0.3 Dec. 0.4 Source: FactSet TRACKING HOME CONSTRUCTION New government data on residential construction should …

5-month skid in home sales snapped in November as easing mortgage rates give buyers breathing room
1 year ago

5-month skid in home sales snapped in November as easing mortgage rates give buyers breathing room

Associated Press  

LOS ANGELES — Sales of previously occupied U.S. homes rose in November, ending a five-month skid, as easing mortgage rates provided some breathing room for homebuyers. Existing home sales rose 0.8% last month from October to a seasonally adjusted annual rate of 3.82 million, the National Association of Realtors said Wednesday. “Home sales always respond to lower interest rates,” said …

Home sales slumped to slowest pace in more than 13 years in October as prices, borrowing costs, soar
1 year, 1 month ago

Home sales slumped to slowest pace in more than 13 years in October as prices, borrowing costs, soar

Associated Press  

LOS ANGELES — Sales of previously occupied U.S. homes slumped in October to their slowest pace in more than 13 years as surging mortgage rates and rising prices kept many prospective homebuyers on the sidelines. Existing home sales fell 4.1% last month from September to a seasonally adjusted annual rate of 3.79 million, the National Association of Realtors said Tuesday. …

Home sales fell again in September as surging mortgage rates, rising prices discouraged homebuyers
1 year, 2 months ago

Home sales fell again in September as surging mortgage rates, rising prices discouraged homebuyers

Associated Press  

LOS ANGELES — Sales of previously occupied U.S. homes in September fell for the fourth month in a row, grinding to their slowest pace in more than a decade as prospective homebuyers grapple with surging mortgage rates and a near historic-low level of properties on the market. Existing home sales fell 2% last month from August to a seasonally adjusted …

Have home prices bottomed? While low housing inventory stymies sales, bidding wars prop up prices
1 year, 4 months ago

Have home prices bottomed? While low housing inventory stymies sales, bidding wars prop up prices

Associated Press  

LOS ANGELES — The U.S. housing market remains in a deep sales slump, but the worst declines may be over when it comes to home prices. If mortgage rates remain elevated and inventory continues rising, the combination could weigh on home prices and cause the national median sales price to dip this fall, said Lisa Sturtevant, chief economist at Bright …

Average mortgage amount rising after 14 months of decline; Highest since April 2022
1 year, 5 months ago

Average mortgage amount rising after 14 months of decline; Highest since April 2022

NL Times  

The average mortgage amount for purchasing a home rose by 4 percent in July compared to last year to 321,818 euros. That is the highest level since April 2022, according to figures from De Hypotheker. According to De Hypotheker, this indicates that the housing market may be gradually recovering despite the rise in mortgage interest rates. The housing supply increased …

New home sales dropped in June after May’s surge
1 year, 5 months ago

New home sales dropped in June after May’s surge

CNN  

Washington, DC CNN — New home sales dropped in June from the month before, even as buyers continued to rely on new construction as an alternative to the historically low supply of existing homes for sale. New home sales boosted by low inventory of existing homes Although sales were down from May, the trajectory of new home sales is generally …

Home sales in June fell to the slowest pace since January with near-historic low inventory for sale
1 year, 5 months ago

Home sales in June fell to the slowest pace since January with near-historic low inventory for sale

Associated Press  

LOS ANGELES — Sales of previously occupied U.S. homes fell in June to the slowest pace since January, as a near-historic low number of homes for sale and rising mortgage rates kept many would-be homebuyers on the sidelines. The national median sales price fell on an annual basis for the fifth month in a row, though fierce competition led to …

May home sales rise with near record-few on the market and biggest annual price drop since 2011
1 year, 6 months ago

May home sales rise with near record-few on the market and biggest annual price drop since 2011

Associated Press  

LOS ANGELES — Sales of previously occupied U.S. homes edged higher in May and the national median sale price posted its biggest annual drop in more than a decade, as a near all-time low supply of available properties constrained the housing market. Existing home sales rose 0.2% last month from April to a seasonally adjusted annual rate of 4.3 million, …

Looking for a house? High mortgages, few homes lead to biggest annual price drop in 11 years
1 year, 7 months ago

Looking for a house? High mortgages, few homes lead to biggest annual price drop in 11 years

Associated Press  

LOS ANGELES — A persistently low inventory of homes on the market held back U.S. home sales again in April, even as the national median sale price posted its biggest annual drop in 11 years. Existing home sales fell 3.4% in April from March to a seasonally adjusted annual rate of 4.28 million, the National Association of Realtors said Thursday. …

US home sales fell in March in tepid homebuying season start
1 year, 8 months ago

US home sales fell in March in tepid homebuying season start

Associated Press  

LOS ANGELES — The spring homebuying season in the U.S. is off to a tepid start as buyers contend with sharply higher mortgage rates and near historic-low inventory of properties on the market. Existing U.S. home sales fell 2.4% last month from February to a seasonally adjusted annual rate of 4.44 million, the National Association of Realtors said Thursday. The …

US home sales fell again in January; prices edged higher
1 year, 10 months ago

US home sales fell again in January; prices edged higher

Associated Press  

LOS ANGELES — The nation’s housing slump dragged on into January as home sales fell for the 12th consecutive month to the slowest pace in more than a dozen years. The National Association of Realtors said Tuesday that existing U.S. home sales fell to a seasonally adjusted annual rate of 4 million properties last month. The modest monthly sales drop …

2022 was slowest year for US home sales in nearly a decade
1 year, 11 months ago

2022 was slowest year for US home sales in nearly a decade

Associated Press  

LOS ANGELES — U.S. home sales tumbled to the slowest pace in nearly a decade as soaring mortgage rates and sky high prices in 2022 pushed homeownership out of reach for many Americans. The National Association of Realtors said Friday that existing U.S. home sales totaled 5.03 million last year, a 17.8% decline from 2021. “The one big negative for …

US home sales fell in November, the 10th consecutive month
2 years ago

US home sales fell in November, the 10th consecutive month

Associated Press  

LOS ANGELES — The housing market slump deepened in November as sales of previously occupied U.S. homes slowed for the tenth consecutive month — the longest such stretch on records going back to 1999. Existing home sales fell 7.7% last month from October to a seasonally adjusted annual rate of 4.09 million, the National Association of Realtors said Wednesday. November’s …

US housing market slump deepens for 10th month in November
2 years ago

US housing market slump deepens for 10th month in November

Al Jazeera  

Excluding sharp drop at pandemic start, home sales are now at their slowest annual pace since November 2010. The housing market slump deepened in November as sales of previously occupied US homes slowed for the 10th consecutive month – the longest such stretch on records going back to 1999. Existing home sales fell 7.7 percent last month from October to …

US home sales fell in October for ninth straight month
2 years, 1 month ago

US home sales fell in October for ninth straight month

Associated Press  

Sales of previously occupied U.S. homes fell in October for the ninth consecutive month to the slowest pre-pandemic sales pace in more than 10 years as homebuyers grappled with sharply higher mortgage rates, rising home prices and fewer properties on the market. Existing home sales fell 5.9% last month from September to a seasonally adjusted annual rate of 4.43 million, …

US home sales tumble for ninth month as mortgage rates bite
2 years, 1 month ago

US home sales tumble for ninth month as mortgage rates bite

Al Jazeera  

Existing home sales dropped 5.9 percent last month, the lowest level since December 2011 outside initial pandemic days. US existing home sales tumbled for a ninth straight month in October as the 30-year fixed mortgage rate hit a 20-year high and prices remained elevated, pushing homeownership out of the reach of many Americans. Existing home sales dropped 5.9 percent to …

US home sales fell in September for eighth straight month
2 years, 2 months ago

US home sales fell in September for eighth straight month

Associated Press  

Sales of previously occupied U.S. homes fell in September for the eighth month in a row, matching the pre-pandemic sales pace from 10 years ago, as house hunters grappled with sharply higher mortgage rates, rising home prices and a still tight supply of properties on the market. The National Association of Realtors said Thursday that existing home sales fell 1.5% …

Rising mortgage rates are sending home prices lower
2 years, 2 months ago

Rising mortgage rates are sending home prices lower

LA Times  

For the first time in a decade, home prices in Southern California are definitively falling. Other measures of home prices, including data from mortgage services firm Black Knight and John Burns Real Estate Consulting, show similar or even greater declines from peak prices, providing further evidence the recorded drops aren’t a data anomaly. Few, if any, major real estate experts …

US home sales slipped, prices grew more slowly in August
2 years, 3 months ago

US home sales slipped, prices grew more slowly in August

Associated Press  

Sales of previously occupied U.S. homes slowed in August for the seventh month in a row, as sharply higher mortgage rates and rising prices made homebuying less affordable, further cooling the once red-hot housing market. The National Association of Realtors said Wednesday that existing home sales fell 0.4% last month from July to a seasonally adjusted annual rate of 4.80 …

Mortgage rate ticks back up to 5.55% as pending home sales drop
2 years, 4 months ago

Mortgage rate ticks back up to 5.55% as pending home sales drop

Daily Mail  

Average mortgage rates in the US ticked back up this week after easing off recent highs, as new data showed that pending home sales dropped to their lowest level in two years last month. The average rate on a 30-year fixed jumped 42 basis points this week to 5.55%, mortgage buyer Freddie Mac said on Thursday Higher borrowing costs, along …

Home sellers in pandemic boom towns are slashing prices
2 years, 4 months ago

Home sellers in pandemic boom towns are slashing prices

Daily Mail  

Cities that saw soaring home prices during the COVID-19 pandemic are now falling back to earth, as sellers are forced to shed their 'unrealistic expectations' about the prices they can ask. The 10 cities that saw the biggest share of listing price reductions last month are seen above A housing development is seen in Boise, where last month 70% of …

US home sales fell in July; some buyers see silver lining
2 years, 4 months ago

US home sales fell in July; some buyers see silver lining

Associated Press  

LOS ANGELES — The housing market’s comedown from its high-flying days early this year is deepening, with home sales in July falling for the sixth straight month. Still, it is a notable reversal after a housing shortage, rock-bottom mortgage rates and soaring home prices skewed the housing market strongly in sellers’ favor in recent years. “We know that homes are …

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