The housing market is facing a double whammy in the form of higher mortgage rates and a scarcity of homes for sale.
(Bloomberg) -- A gauge of pending US existing-home sales tumbled to a four-year low in April as higher mortgage rates cast a pall on the spring selling season. Most Read from Bloomberg Donald ...
Economists view it as an indicator of the direction of sales of existing homes in subsequent months. Sales activity is at the lowest level since April 2020. The sales pace fell short of ...
U.S. home prices will rise a bit faster this year than previously expected due to limited available supply, according to ...
Prices edged up 0.1% in March after surging by an unrevised 1.2% in February, the Federal Housing Finance Agency said in its ...
WASHINGTON – Pending home sales fell 7.7% in April, with contract signings retreating in all major regions of the U.S, according to the National Assn. of Realtors (NAR). Earlier this month, the NAR ...
The PHSI is considered a leading indicator of existing home sales over the next two months. An index of 100 is equal to the level of contract activity in 2001. The NAR will release existing home ...
In April, the median existing U.S. home sale price was $407,600, according to the National Association of Realtors. That's an ...
While newly built homes are still more expensive than existing houses, the margin between the two is shrinking. Since March 2023, the median sales price of existing homes has increased 4.8% to $ ...
Southern California home prices hit a new high in April as homebuying ran at its fastest pace in 19 months. The record $760,000 median selling price for the region comprising Los Angeles, Orange, ...