Tagged: National Association of Realtors (NAR)

In the midst of a 15.4% sales drop, home prices stubbornly climb - is the housing bubble about to burst again?

All four national regions report a slump in monthly and annual transactions, emphasizing the need for better rates and increased housing inventory.

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

Regional variability noted as South and West show signs of recovery.

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

30-year mortgage rate could hit 8% amid federal reserve rate hikes; home inventory dips to historic lows.

Mortgage payments on a typical home rise by 11.6% year-over-year.

Despite monthly gains, all regions report year-over-year transaction declines; housing market recovery stagnates amid lack of supply.

‘First-half of the year was a downer,’ as sales fell 23%.

NAR says housing market remains resilient, with approximately 3 offers for each listing.