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Regional Trends

All articles tagged with #regional trends

business2 months ago•44 min saved

Pending Home Sales Collapse Across the U.S. as Midwest Sets Record Low

U.S. pending home sales fell 9.3% in December to a record low, with all four regions down and the Midwest posting the steepest drop to a new regional low. The piece attributes the downturn to the unwind of ultra-low mortgage rates from 2020–22, which inflated prices and locked in homeowners, reducing mobility and transactions for years. The trend shows little improvement and highlights ongoing weakness in the housing market nationwide.

via Wolf Street|

#business #housing-market #midwest

economy2 months ago•2 min saved

December Pending Home Sales Fall Sharply Amid Tight Housing Supply

Pending home sales declined 9.3% in December from November, missing expectations as activity fell across all U.S. regions; year-over-year, sales were higher only in the South. Inventory stood at 1.18 million homes, down 9% from November and at 2025’s lowest level, while the 30-year mortgage hovered around 6.25%. Homes spent about 39 days on the market, up from 35 a year earlier, underscoring the demand weakness amid tight supply.

via CNBC|

#economy #housing-market #inventory

real-estate8 months ago•6 min saved

U.S. Existing Home Sales Decline in June Amid Rising Prices

The NAR report shows a 2.7% decline in U.S. existing-home sales in June, with a record high median price of $435,300 driven by low inventory and high mortgage rates, which are impacting first-time buyers. Sales decreased in most regions except the West, and the market faces challenges from undersupply and elevated mortgage rates, though a potential decline in rates could boost future sales.

via National Association of REALTORS®|

#home-sales #housing-prices #inventory

real-estate9 months ago•1 min saved

U.S. Housing Market Faces Decline with Rising Delinquencies and Slowing Growth

Nearly one third of the largest U.S. housing markets are experiencing falling home prices due to high mortgage rates, rising inventory, and decreased demand, with some regions like Cape Coral, Florida, seeing declines over 9%. Despite regional gains in the Northeast and Midwest, the overall trend indicates a cooling market with slower sales and declining prices in many areas.

via CNBC|

#home-prices #housing-market #inventory