Pending Purchases of Existing Homes Unexpectedly Decline
Contracts to buy previously owned U.S. homes unexpectedly declined in January as higher mortgage rates, elevated prices and a limited number of listings pushed the index to a one-year low, according to figures released Feb. 27 from the National Association of Realtors in Washington.
Sales of New US Homes in January Were Slower Than Forecast
Purchases of new U.S. homes in January were slower than forecast, signaling an increase in mortgage rates may be giving some potential buyers pause.
Existing Home Sales Rise More Than Forecast as Supply Drops
Sales of previously owned U.S. homes climbed for the fifth time in six months to the highest level since 2007, indicating housing-market momentum will extend into 2017, National Association of Realtors data showed Feb. 22.
Sales of New Homes at 10-Month Low as Mortgage Rates Jump
Purchases of new U.S. homes fell in December to a 10-month low, suggesting the post-election jump in mortgage rates pushed out potential buyers.
Homebuilder Confidence Retreats From Highest in 11 Years
Confidence among U.S. homebuilders retreated in January from an 11-year high, suggesting optimism has plateaued after Donald Trump’s election victory, a report from the National Association of Home Builders/Wells Fargo showed Jan. 18.
Pending Existing-Home Sales Fall on Higher Mortgage Rates
Contracts to purchase previously owned U.S. homes unexpectedly decreased in November on a sudden pickup in mortgage rates and limited inventory, according to figures released Dec. 28 from the National Association of Realtors in Washington.
Previously Owned Home Sales Climb to Highest Since Early 2007
Sales of previously owned U.S. homes unexpectedly increased in November to the strongest level since early 2007, ahead of a jump in borrowing costs, National Association of Realtors data showed Dec. 21.
Home Starts Slumped in November After Outsize Advance
New-home construction in the U.S. fell more than forecast in November after surging a month earlier to a nine-year high, indicating fitful progress in residential real estate.
Pending Sales of Existing Homes Rise Marginally in October
Contracts to purchase previously owned U.S. homes increased marginally in October as a strong labor market and growing wages continue to support demand, according to figures released Nov. 30 from the National Association of Realtors in Washington.
Sales of New Homes Declined to Four-Month Low in October
Purchases of new U.S. homes declined in October to a four-month low, showing the residential real estate market began to soften a month prior to a jump in borrowing costs.