Tagged: National Association of Realtors (NAR)

NAR finds nearly one-third of repeat buyers pay cash, narrowing the pool of financed purchase transactions for lenders

NAR reports September’s sales pace remained below 4 million, while more inventory gave buyers negotiating room and higher rates weighed on the outlook for demand

Employers added just 29,000 jobs in September, sending Treasury yields lower and offering a potential counterweight to the recent rise in mortgage rates

Existing-home supply reached its highest level since 2019, but elevated payments and economic uncertainty pushed sales to a 14-month low

Sales fell 10.5% in July as inventory climbed, leaving builders increasingly dependent on price cuts, mortgage-rate buydowns, and other incentives

Contract signings fell in every region during July, leaving purchase activity 30% below its 2019 level despite a larger workforce

More than half of recent sellers kept recording devices active, and nearly half of those who reviewed the footage said it influenced negotiations

Contract signings fell 5.4% from May as elevated borrowing costs and record home prices continued to pressure affordability, particularly for first-time buyers

Rising housing costs are pushing buyers to pool incomes and assets, creating new opportunities for lenders and originators

Monthly gains led by the South point to improving supply conditions, but affordability pressures and rate volatility continue to shape the spring housing market