The numbers: U.S. pending-home sales fell 4% in November, which is the sixth straight monthly drop, according to the index released Wednesday by the National Association of Realtors (NAR). The Read more
Tag: housing affordability figures
Home price growth falls in October, as market feels effect of high mortgage rates
The numbers: The S&P CoreLogic Case-Shiller 20-city house price index rise fell 0.5% in October, its fourth monthly decline. Year-over-year appreciation rose 8.6%, slowing from 10.4% in the previous month. Read more
U.S. new home sales rose in November by 5.8%
The numbers: U.S. new home sales rose 5.8% to a seasonally-adjusted rate of 640,000 in November, from a revised 605,000 in the prior month, the Commerce Department reported Friday. The Read more
U.S. existing-home sales fall for the 10th straight month in November — longest losing streak on record
The numbers: U.S. existing-home sales fell 7.7% to a seasonally adjusted annual rate of 4.09 million in November, the National Association of Realtors said Wednesday. This is the 10th straight Read more
U.S. Pending Home Sales Fell in October as Demand Wanes — NAR
By Xavier Fontdegloria The number of houses going under contract in the U.S. declined again in October as rapidly rising mortgage rates and low affordability hurt demand, data from the Read more
U.S. home prices fall for third straight month in September: Case-Shiller index
The numbers: The S&P CoreLogic Case-Shiller U.S. 20-city price index fell 1.2% in September, its third consecutive monthly decline. The decline matches the forecast of economists were expecting a 1.3% Read more
The median income needed to buy a typical home is over $88,000 — $40,000 more than prior to the pandemic
Home price growth in big cities has slowed, but not stalled, in the third quarter, according to a new report from the National Association of Realtors (NAR). The NAR, which Read more
U.K. housing market stalling as buying demand records largest drop in over 20 years
Demand for U.K. houses is falling at its fastest paces since the pandemic began in early 2020 as “buyer caution” from soaring mortgage rates further weakens the property market, according Read more
‘The housing market will get smaller in 2023’: Redfin lays off 13% of staff
Redfin RDFN, -8.10% is laying off staff again, as the housing market continues to hurt from high mortgage rates and low demand. Redfin CEO Glenn Kelman said on Wednesday that Read more
‘Only time will tell if September was the nadir:’ Zillow reports sharp home-value declines in these cities, amid grim outlook for U.S. housing market
Winter is coming, and the real-estate market is slowly coming to a standstill. According to a new report by Zillow Z, -2.00%, the typical home in the U.S. saw its Read more