An index gauging the number of home-sale contracts signed in April fell 6.3 percent from March, down to a reading of 71.3. The measure was 2.5 percent below that of April 2024, the National Association of Realtors (NAR) reported.
Tag: Home Sales
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U.S. HOME SALES SLOWED AGAIN IN APRIL
In April, sales of existing homes slipped 0.5 percent from March to four million units, marking the slowest April since 2009 when the Great Recession was underway, the National Association of Realtors (NAR) reported. April’s result was 2 percent below that in April 2024.
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U.S. HOME SALES IN MARCH SHOW WORST SLUMP IN MORE THAN TWO YEARS
In March, home sales dropped 5.9 percent below February’s number, the worst month-to-month decline since November 2022, the National Association of Realtors (NAR) reported.
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U.S. HOME SALES INCREASE AS BUYERS SURRENDER TO HIGHER INTEREST RATES
In February, home sales rose 4.2 percent above January’s level as more homes came up for sale and more buyers seem to acquiesce to the idea that interest rates will remain at their current level or could move higher in the months ahead.
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SPECIAL REPORT: THE U.S. HOUSING BLUES
In both 2023 and 2024, U.S. home sales languished at their lowest levels since 1995, with sales last month 20 percent below the same period in 2019, the Financial Times reported…
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MORTGAGE RATES RISE TO HIGHEST IN SIX MONTHS
After falling to 6.2 percent in September, the average national interest rate on a fixed-rate, 30-year mortgage climbed back to 6.93 percent last week, its highest since July, the Federal Home Loan Mortgage Corp. reported.
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HOME-RELATED RETAILERS’ SALES WERE HAMMERED IN 2024
The lofty home prices and high interest rates that have restricted home sales have also cut revenues for home improvement and home furnishings businesses that depend on people buying and fixing up houses.
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HOME SALES ROSE IN NOVEMBER BUT SLUMPED IN DECEMBER
U.S. pending home sales—contracts signed for purchases—increased in November for the fourth consecutive month, rising to a level not seen since early 2023, the National Association of Realtors (NAR) reported.
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2024 U.S. HOME SALES FEWEST IN 29 YEARS
This year is on trend to see about four million U.S. homes sold, the fewest since 1995 when the country had 22 percent fewer people than now, the National Association of Realtors (NAR) reported.
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OCTOBER HOME SALES JUMPED AS INTEREST RATES FELL
In October, sales of existing homes climbed 3.4 percent from September, the National Association of Realtors (NAR) reported. Sales were up 2.9 percent year on year.
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