Home Sales

The U.S. housing market logged its slowest May for existing-home sales since 2009, confirming that elevated mortgage rates and record prices continue to chill demand even as listings rise. What Happened: Sales slipped 0.7% from a year earlier to an annual rate of 4.03 million, the National...

The US housing market witnessed a slowdown in April, with sales of existing homes dropping to the lowest level in six months. This slump is attributed to high interest rates and dwindling consumer confidence. What Happened: Sales of existing homes in April dipped by 0.5% from March, reaching a...

RE/MAX Holdings, Inc. (NYSE:RMAX) released its National Housing Report for September 2024, which showed home sales slowed 13.3% from August and the median sales price dropped 1.4% from August to $429,000.  The Details: RE/MAX explained the September home sales dip was a seasonal norm and...

Existing home sales in the United States plunged 5.4% in June 2024 from the previous month, marking the steepest monthly drop since November 2022. This decline is attributed to heightened buyer apprehension, as the median sales price reached a record high for the second consecutive month. In June...

In October 2023, the U.S. housing market displayed mixed signals, with new single-family home sales experiencing a downturn, even as building permits showed signs of resilience. Sales of new single-family homes take a dip: Sales of new single-family houses reached a seasonally adjusted annual rate...

The U.S. saw a significant surge in new home sales in September, reaching speeds not seen since early 2022, indicating continued demand for homes despite rising mortgage rates. According to a Bloomberg report, purchases of new single-family homes rose by 12.3% to an annualized pace of 759,000...

Existing home sales saw a decline of 0.7% in August, reaching a seasonally adjusted annual rate of 4.04 million, marking a 15.3% drop from the previous year. The dip in home sales comes as median existing-home sales prices climbed 3.9% from a year ago to $407,100, marking the third consecutive...

As housing data continues to roll in, Tuesday's Existing Home Sales figure offers a mixed picture of the U.S. market. The existing home sales print, alongside factors including the earnings reports from homebuilder giants and home improvement bellwethers can offer investors a clear sight into what...

Selling a home remains an undesirable option due to high mortgage rates, data shows. What Happened: Homeowners fortunate enough to secure lower mortgage rates are significantly less likely to consider selling and moving. That’s due to the lock-in effect, according to Zillow Group Inc (NASDAQ:...

For the first time in over a decade, the median price of existing homes in the U.S. fell by 0.2% year-over-year in February to $363,000, according to National Association of Realtors (NAR) data issued Tuesday. The year-over-year decrease marks the first since 2012, and comes after prices hit an all...

It's a day of deep risk-on in markets, with stocks posting strong gains, bonds and gold plunging as Treasury yields climbed, after Treasury Secretary Janet Yellen injected confidence into the banking system. The Treasury Department is also reportedly considering options to temporarily...

As the U.S. economy’s real gross domestic product rebounded by 2.6% (seasonally adjusted annual rate) in the third quarter, consumer spending was moderately unchanged as the personal consumption expenditures (PCE) index increased by 0.6% to $113 billion in September.  This is...

Wall Street got some clarification from the Fed yesterday after a long wait, which helps explain why major indices are painted green this morning. The Fed basically said the economy is doing better, and that’s good to hear.  Volatility is down, with the Cboe Volatility ...

U.S. home sales to Chinese buyers dropped to at least an 11-year low in 2020 as travel restrictions imposed to restrain the COVID-19 spread and a weakening U.S. dollar kept buyers away, shows the latest data from the National Association of Realtors. What Happened: The sale of existing homes...

The Past Week, In A Nutshell What Happened: In an extension of the sharp rotation out of safety on a sustained economic rebound after the COVID-19 coronavirus pandemic, stretched sentiment propelled stocks to record closing highs. Remember This: “We are starting to see some extreme measures...