Sales of existing US homes dipped in June, squeezed by a tight market struggling to keep up with demand, according to industry figures released Monday. The slide in sales reversed May’s rebound, as unsustainable price growth helping drive down closings, the National Association of Realtors said in its monthly report. “The demand for buying a … Read more
Sales of existing homes rebounded in May after April’s surprise dip, and prices edged higher, according to industry figures released Wednesday. The National Association of Realtors said strong demand and inexpensive mortgages were driving up prices at an unsustainable rate. Sales of existing homes rose 1.1 percent last month to an annual rate of 5.62 … Read more
Sales of existing homes fell in April after posting a 10-year record in March, depressed by the “stubbornly low supply” of homes in the market, an industry group reported Wednesday. The low supply meant properties were on the market for a record-low 29 days, down from 39 days a year ago and 34 days in … Read more
Despite rising prices and tight inventories, sales of US existing homes rebounded in March, surging to the highest rate in 10 years, an industry group reported Friday. Only one region, the western United States, saw sales decline, but that was not enough to dampen the nationwide increase of 4.4 percent in sales of houses, townhomes … Read more
Amid rising prices and slim inventory, sales of existing homes slowed in February, cooling from January’s record pace which saw the biggest jump in 10 years, an industry group reported Wednesday. Despite the decline, sales last month remained well above their level at the same point in 2016. Completed sales of single-family houses, townhomes and … Read more
The US housing market, a key economic driver, is exceedingly tight, with supply struggling to meet demand as the sector recovers a decade after the housing crisis, analysts say. But persistent and pent-up demand among would-be homeowners could spur builders to boost construction, helping to ease pressure on the market for new homes. Inventory of … Read more
“Most notably in the West, it’s not uncommon to see a home come off the market within a month,” Yun Contracts to buy previously owned U. S. homes dropped in January on a shortage of inventory in the Midwest and West regions, the National Association of Realtors said on Monday. The NAR said its pending … Read more
US sales of existing homes rose again in January to hit their fastest pace in nearly a decade despite rising prices and mortgage rates, according to data released Wednesday. The pop in sales suggested recent consumer confidence and robust job gains again bolstered homebuyers’ willingness to sign on the dotted line. Sales of condos, single-family … Read more