NAR: Existing-Home Sales Slid 2.4% In March
Home sales are trying to recover and are highly sensitive to changes in mortgage rates, NAR economist says.
Home sales are trying to recover and are highly sensitive to changes in mortgage rates, NAR economist says.
Jump 14.5%, the largest increase since July 2020, as record streak of home-price increases ends at 131 months.
January marks 12th straight month of declines.
For all of 2022, sales fell nearly 18% from 2021.
National Association of Realtors says sales in November fell 7.7% from October.
October sales fell 5.9% from September, and are down 28.4% year over year.
National Association of Realtors says inventory also fell.
Median existing-home price also rose, the 126th consecutive month of year-over-year increases.
Median house price was $403,800, up nearly 11% YOY, but down from June.