Items Tagged with 'Existing home sales'

ARTICLES

  • Fannie Mae lowers existing home forecast, says sales will decline this year

    Mortgage giant blames limited supply as builders stay on the sidelines
    Fannie Mae lowered its housing forecast on Friday, saying existing home sales will decrease this year compared with 2018. It was the first time the mortgage giant projected a 2019 decline. The projection comes at a time when mortgage rates are near three-year lows and housing optimism is at an all-time high. But, there’s something that trumps low rates and elevated optimism, the mortgage giant said: Supply shortage.
    Read More
  • NAR: Existing-home sales lose momentum in June

    Existing home price for all housing types reaches an all-time high of $285,700
    In June, existing-home sales reversed course from last month, sliding nearly 2% in total sales gains, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun said the nation is in the midst of a housing shortage and much more inventory is needed.
    Read More
  • Here's why falling mortgage rates won't spark recovery in the housing market

    Capital Economics predicts muted activity as economic concerns loom
    The housing market won’t recover much in the second half of 2019, says Capital Economics. Mortgage interest rates have fallen this year, but that hasn’t spurred much action in the housing market, and things are unlikely to turn around for the remainder of the year as concerns about the economy continue to grow, the economists say.
    Read More
  • NAR: Existing home sales rise 2.5% in May

    Inventory remains near historic lows
    In May, existing home sales rose for the first time since March, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun said homebuyers' purchasing power has been bolstered by favorable conditions like falling mortgage rates.
    Read More
  • NAR: Monthly existing home sales fall 0.4% in April

    But inventory growth likely to spur sales
    In April, existing home sales fell slightly from the previous month, but growing inventory signaled improvement in the market, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun said he is not overly concerned about April's 0.4% dip in sales and expects moderate growth very soon.
    Read More
  • NAR: Monthly existing home sales reach four-year high

    Each region but Northeast experiences an increase in sales activity
    In February, existing home sales experienced their largest monthly gain since December 2015, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun said a powerful combination of lower mortgage rates, more inventory, rising income and higher consumer confidence is driving the sales rebound.
    Read More
  • NAR: Existing home sales slide further in January

    Northeast only region to see increase in sales activity
    For the third month in a row, existing home sales took a dive, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun said January’s home sales of 4.94 million were the lowest since November 2015, but he does not expect the numbers to decline further going forward.
    Read More
  • Zillow: Lackluster existing home sales result of political headwinds

    Company also attributes decline to growing mortgage rates
    In December, existing home sales reversed course, suddenly dropping after months of continuous growth, according to the latest Existing Home Sales report from the National Association of Realtors. And while many factors contributed to the decline, Zillow attributes the drop to climbing mortgage rates, stock market volatility and political pandemonium.
    Read More
  • First American: Stock market volatility aids potential homebuyers

    Market potential for existing-home sales increases 1.1% year-over-year
    In December, potential existing-home sales moderately increased from the previous month and inched forward from 2018 levels, according to First American’s Potential Home Sales Model. First American Chief Economist Mark Fleming said that stock market volatility is aiding potential homebuyers.
    Read More