Existing-Home Sales Rise 3.1% in January, But Year-Over-Year Slip Persists
NAR reports mixed trends as housing market recovery faces mortgage rate challenges.
NAR reports mixed trends as housing market recovery faces mortgage rate challenges.
August records a 4% month-over-month increase, but total inventory remains critically low.
Redfin: As supply falls to new low, demand picks up.
But tide for buyers could be turning as homes take longer to sell.
Despite lack of supply, Potential Home Sales Model improves, First American says.
Says May's 1.4M homes for sale was the lowest ever in its records.
Redfin says nearly everyone with a mortgage has a rate below 6%, so they're unwilling to sell.
Monthly home value growth of 1.4% is the highest since June 2022.