Tagged: existing home sales

Prolonged lags in existing home sales contribute to reduced household spending, services output, economist notes

Yet, the 15.5% of canceled purchase contracts was the highest cancellation rate in a year, reflecting the razor-thin affordability margins.

First American economist expect a rise in home sales this spring.

NAR reports mixed trends as housing market recovery faces mortgage rate challenges.

Despite a 1% dip in December's existing-home sales, the median price hits a record high of $389,800 in 2023, while housing inventory remains a challenge.

As existing-home sales dip further, median prices rise unabated.

Existing-home sales decline across most U.S. regions; rising mortgage rates and limited inventory dampen buyer optimism.