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Existing Home Sales

All articles tagged with #existing home sales

economy5 days ago•321 min saved

Housing-supply bill could ease affordability, but relief appears years away as rates hover near 6.5%

Mortgage rates sit around 6.49% for a 30-year fixed, while existing-home sales fell 2.4% in June. A bipartisan bill—the 21st Century Road to Housing Act—aims to boost supply by easing manufactured housing and funding repairs, and is set to become law automatically unless vetoed. Analysts say any meaningful relief in prices or availability will take time, though forecasts suggest rates could drift toward about 6.3% by late 2026, with prices remaining high in the near term.

via CNN|

#economy #existing-home-sales #housing-affordability

business1 month ago•46 min saved

May Existing-Home Sales Rise 3.2% as Inventory Edges Up

May data from the National Association of REALTORS® show existing-home sales up 3.2% month-over-month and year-over-year to a seasonally adjusted annual rate of 4.17 million; gains occurred in the Northeast, Midwest, and South, while the West was unchanged. Inventory rose to 1.55 million homes (about 4.5 months’ supply), and the median price reached $429,300, up 1.3% from a year ago. The Housing Affordability Index was 105.6, with mortgage rates at about 6.44% in May. First-time buyers accounted for 35% of sales, cash buyers 25%, and investors 14%; 29 days was the median time on market. The report cites improving affordability and ongoing supply constraints as key drivers.

via National Association of REALTORS®|

#business #existing-home-sales #housing-affordability

economy1 month ago•47 min saved

May Existing-Home Sales Rise 3.2%, Inventory Edges Up and Prices Climb

May existing-home sales rose 3.2% month-over-month and year-over-year to a 4.17 million seasonally adjusted annual rate, with inventory at 1.55 million (4.5 months). The median price climbed 1.3% year over year to $429,300, affordability improved, mortgage rates averaged 6.44%, and gains occurred in the Northeast, Midwest, and South (West unchanged). First-time buyers reached 35% of buyers.

via National Association of REALTORS®|

#economy #existing-home-sales #housing-market

real-estate1 month ago•2 min saved

May housing surge lifts existing-home sales to December-high pace

Existing home sales rose 3.2% in May to a 4.17 million annualized pace, the strongest since December, with inventory up 3.3% to 1.55 million and the median price at $429,300. The gain followed a downshift in mortgage rates in April that helped affordability, with first-time buyers at 35% of sales, higher-end homes remaining buoyant, and roughly a quarter of deals paid in cash. The market remains tight at about 4.5 months of supply, and foreclosures/underwater sales stayed around 1%, signaling solid homeowner finances.

via CNBC|

#existing-home-sales #home-prices #inventory

real-estate2 months ago•45 min saved

NAR: April Existing-Home Sales Tick Up 0.2% as Inventory Rises

NAR reports April existing-home sales rose 0.2% month-over-month to a seasonally adjusted annual rate of 4.02 million, with inventory up 5.8% to 1.47 million (about 4.4 months’ supply). Sales were flat year-over-year, while the median price increased 0.9% to $417,700. The Housing Affordability Index stood at 110.6 and affordability improved across regions. Mortgage rates averaged 6.33% in April. Regional detail shows Midwest and South up, Northeast unchanged, and West down, with second-home purchases contributing to demand.

via National Association of REALTORS®|

#april-2026 #existing-home-sales #housing-market

business2 months ago•2 min saved

Mortgage-rate jump slows real estate market as April existing-home sales barely rise

U.S. existing-home sales in April rose just 0.2% to 4.02 million (SAAR), missing forecasts and flat vs. a year ago. Inventory climbed 5.8% from March to a 4.4‑month supply but remains tight. The median home price was $417,700, up 0.9% year over year—the highest April price on record. Mortgage rates surged into about 6.4% this week after being in the high 5% range, weighing on buyers. Days on market rose to 32, and first-time buyers accounted for 33% of sales, with all-cash purchases at 25%.

via CNBC|

#business #existing-home-sales #home-prices

real-estate3 months ago•50 min saved

March Existing-Home Sales Fall 3.6% as Inventory Tightens and Prices Rally

March existing-home sales fell 3.6% month-over-month to a 3.98 million seasonally adjusted annual rate, with inventory up 3.0% to 1.36 million (about 4.1 months). Year-over-year sales were down 1.0% while the median price rose 1.4% to $408,800, the 33rd consecutive year-over-year price gain. Limited inventory continues to push prices higher and bolster homeowner wealth; NAR trimmed its 2026 forecast to a 4% increase in existing-home sales (new-home sales expected to be flat) as mortgage rates rise. Regional declines occurred in all four regions.

via National Association of REALTORS®|

#existing-home-sales #housing-market #inventory

economy4 months ago•2 min saved

February housing data shows small lift in sales, but supply remains tight

February existing-home sales rose 1.7% from January to a 4.09 million pace, but are down 1.4% from a year ago, as tight inventory persists (1.29 million for sale, 3.8-month supply). The median price was $398,000, up 0.3% YoY, and time on market rose to 47 days; first-time buyers were 34% of sales and investors 16%. Relisted delistings hit a January record, signaling only modest inventory gains but continued headwinds for affordability.

via CNBC|

#economy #existing-home-sales #home-prices

real-estate6 months ago•44 min saved

December Existing-Home Sales Jump 5.1% as Rates Ease and Inventory Tightens

December existing-home sales rose 5.1% month-over-month to a 4.35 million seasonally adjusted annual rate, but were down 1.4% from December 2024; inventory fell to 1.18 million (3.3 months’ supply) while the median price rose 0.4% year-over-year to 405,400. Single-family sales climbed 5.1% to a 3.95 million SAAR with a $409,500 median, and condos/co-ops rose 5.3% to 400,000 with a $364,400 median. Regions all posted MoM gains (Northeast +2.0%, Midwest -2.0%, South +6.9%, West +6.6%). The 30-year fixed mortgage averaged 6.19% in December, down from 6.24% in November. NAR Chief Economist Lawrence Yun says conditions improved in Q4 thanks to lower rates, but inventory remains tight and more listings are expected in February.

via National Association of REALTORS®|

#existing-home-sales #housing-statistics #lawrence-yun

politics6 months ago•1 min saved

Trump Bets on Housing Push as Affordability Improves

President Trump touts early gains in housing affordability as mortgage rates fall and existing home sales rebound, with supporting income growth. He also signals further relief by directing Fannie Mae and Freddie Mac to buy $200 billion in mortgage-backed securities and by curbing large institutional investors’ single-family purchases, while pledging to cut red tape and boost supply to restore the dream of homeownership.

via The White House (.gov)|

#existing-home-sales #housing-affordability #housing-policy

real-estate6 months ago•2 min saved

December home sales jump as inventory stays tight at year’s end

December’s seasonally adjusted annualized sales rate rose to 4.35 million, up 5.1% from November and 1.4% year over year, with the full year totaling 4.06 million (unchanged from 2024). Inventory fell to 1.18 million (about 3.3 months’ supply), helping the median price rise 0.4% to $405,400—the 30th straight annual gain. December was the strongest in nearly three years after seasonal adjustment, aided by mortgage rates hovering around 6.2–6.3% during closings. Analysts note Q4 improvement amid easing rates and expect more listings to come in February.

via CNBC|

#existing-home-sales #inventory #median-price

real-estate1 year ago•6 min saved

October Sees First Annual Home Sales Gain in Over 3 Years Amid Rate Dip

Existing-home sales in the U.S. increased by 3.4% in October, marking the first year-over-year gain since July 2021, according to the National Association of REALTORS®. Sales rose across all major regions, with a total annual rate of 3.96 million. The median home price also increased by 4% to $407,200. Inventory levels rose slightly, while mortgage rates remained elevated but are expected to stabilize. First-time buyers accounted for 27% of sales, and cash sales made up 27% of transactions.

via National Association of REALTORS®|

#existing-home-sales #home-prices #housing-inventory

real-estate2 years ago•1 min saved

"US Existing Home Sales Decline in April Amid Rising Mortgage Rates and Prices"

Existing home sales in the US dropped 1.9% in April to a seasonally adjusted annual rate of 4.14 million, attributed to high mortgage rates and rising prices. The median price of previously occupied homes rose to a record $407,600, while the supply of homes increased but remains low. Sales were brisker at the high end of the market, with a surge in homes priced at $1 million or more, and a third of sales going to first-time buyers. Economists suggest that relief for the housing market could come from a potential Federal Reserve interest rate cut later this year.

via ABC News|

#existing-home-sales #high-prices #mortgage-rates

real-estate2 years ago•6 min saved

"US Home Sales Decline in April Amid Rising Mortgage Rates"

Existing-home sales in the U.S. decreased by 1.9% in April, with declines in all four major regions. The total housing inventory increased, and the median existing-home price rose to a record high of $407,600. First-time buyers accounted for 33% of sales, while all-cash sales remained at 28%. Mortgage rates averaged 7.02%, up from 6.39% a year ago. The Northeast, Midwest, and South experienced year-over-year sales decreases, while the West saw an increase.

via National Association of REALTORS®|

#existing-home-sales #housing-inventory #median-home-price

real-estate2 years ago•2 min saved

"March Home Sales Plummet Amid Rising Mortgage Rates and High Prices"

Existing home sales fell by 4.3% in March, the largest drop in over a year, as higher mortgage rates deterred potential buyers and led homeowners to avoid selling. Total housing inventory increased, with the median price of existing homes rising to $393,500. The NAR chief economist noted that rebounding home sales are hindered by stagnant interest rates, while recent inflation reports have led to expectations of minimal rate cuts by the Federal Reserve. The housing market is experiencing decreased demand and supply due to the impact of rising mortgage rates, with new home sales showing a 6% increase in February.

via Washington Examiner|

#existing-home-sales #federal-reserve #housing-market