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 Sales Figures
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
‘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
Homebuilder Persimmon’s shares hit by sales drop, warning over ‘deteriorating’ economic outlook
Stock in giant U.K. homebuilder Persimmon tumbled on Tuesday after the FTSE 100 company posted a drop in sales, scrapped its dividend and gave a grim outlook for next year’s Read more
Here’s why the Federal Reserve let inflation run up to a 40-year high and how it roiled the stock market this week
This has been a topsy-turvy week for investors as Federal Reserve Chairman Jerome Powell pulled the strings in the stock market with a strong dose of reality. As part of Read more
Home buyers are looking a lot older — and whiter
The characteristics of first-time home buyers are shifting as homeownership grows more unaffordable and out of reach for many, the new annual report says. The share of first-time buyers in Read more
Decline in U.S. pending home sales gathers steam in September
The numbers: U.S. pending-home sales fell 10.2% in September, which is the fourth straight monthly drop, according to the monthly index released Friday by the National Association of Realtors (NAR). Read more
Republican and Democratic parents ‘deeply polarized’ over K-12 school subjects ahead of midterm elections and mortgage applications drop after rates top 7%, the highest since 2001
Hi, MarketWatchers. Don’t miss these top stories. An increase in Social Security can only do so much — new thinking is needed for older adults in the modern workforce For Read more