NAR: Home Sales Will Fall 6.8% Next Year
Next year's forecasted drop in home sales is smaller in comparison to this year's hit.
Next year's forecasted drop in home sales is smaller in comparison to this year's hit.
FHA to allow private flood insurance policies on insured single-family mortgages in special flood hazard areas.
October sales fell 5.9% from September, and are down 28.4% year over year.
Chief Economist Lawrence Yun says prices could rise slightly in 2023.
The National Association of Realtors also said 46% of metros registered double-digit price increases.
The $5,000 grant can be applied toward two of the biggest barriers to homeownership: down payment and closing costs.
NAR reports that pending sales declined nationwide
National Association of Realtors says inventory also fell.
Lack of inventory, declining housing affordability cited most often.