Fed Chair Powell: We Don’t Have to Wait for 2% Inflation to Drop Rates
In a surprising statement made during a speaking engagement at the Economic Club of Washington D.C. on July 15, Federal ...
Tag: Home Sales
Bright MLS Lowers Projections for Sales, Inventory as Affordability Stings Buyers
An expensive market has long been a pressing issue at the forefront of potential home purchases for young homebuyers, and ...
Pending Home Sales Dropped 2.1% in May; Northeast and West Record Gains
Pending home sales in May slipped 2.1%, according to the National Association of REALTORS® (NAR). The Midwest and South posted ...
New Home Sales Plummet in May
As mortgage rates remained elevated, tipping over the 7% mark last month, sales of new homes fell significantly in May, ...
Report: Sellers Cutting Prices at Highest Rate Since 2022
Nationwide, 6.4% of homesellers cut their asking price during the four weeks ending May 26 on average, the highest share ...
Study: Only 4 States Are Affordable for Typical U.S. Homebuyers
It's no question that affordability is stratified, and as such, housing markets tend to differentiate from state to state. According ...
Spring Selling Season Wilts Early as Pending Sales Plummet
According to the National Association of REALTORS®’ (NAR) latest report, pending home sales fell 7.7% in April. All four U.S. ...
New Single-Family Sales Drop 4.7% in April; Mortgage Rates Remain High
Across the U.S., sales of single-family homes declined 4.7% to a seasonally adjusted rate of 634,000 in April, and overall ...
Fannie Mae Projects Mortgage Rates Will Remain Near 7% Through 2024
The latest research from the Fannie Mae Economic and Strategic Research (ESR) Group suggests that earlier projections for lower mortgage ...
Spring Sales Down, But Million-Dollar Listings Boom
Existing-home sales receded in April, according to the National Association of REALTORS® (NAR) latest report, released May 22. All four ...
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