Existing-home sales rise for second straight month

Existing-home sales increased 1.9 percent month-over-month but failed to gain the same traction on a yearly basis with a 7 percent decline from November 2017.

Existing-home sales up in October, ending 6-month slide: NAR

Existing-home sales ended a six-month skid in October, climbing 1.4 percent from September. Despite the monthly gain, sales were still down 5.1 percent year-over-year.

Uh-oh: High-risk home loans are on the rise again

Now that these buyers have relatively easy access to credit (albeit at a high risk), they’re snapping up homes at the lowest price tier and driving up home prices.

Pending home sales have fallen for eight months in a row

Pending home sales dropped 2.3 percent in August — the eighth consecutive month of annualized declines, according to the National Association of Realtors.

No Gain, No Loss: Existing-Home Sales Stabilize

August existing-home sales stabilized, ending a regressive streak, the National Association of REALTORS® (NAR) reports. At 5.34 million, activity neither decreased nor increased from July, but was down 1.5 percent from the prior year. Inventory month-over-month also steadied, at 1.92 million—a jump from 1.87 million the prior year. Activity was carried by the Midwest and […]

The post No Gain, No Loss: Existing-Home Sales Stabilize appeared first on RISMedia.

Existing home sales remain steady, ending 4-month slump

Sales of existing homes remained steady from July to August, ending four months of decline, according to data from the National Association of Realtors.

Existing-Home Sales Stuck

Another Month, Another Sales Slump For the fourth month straight, existing-home sales slid, the National Association of REALTORS® (NAR) reports. Activity declined 0.7 percent in July, to 5.34 million, down 1.5 percent from the prior year. Inventory rewound, as well, down 0.5 percent to 1.92 million. “Led by a notable decrease in closings in the […]

The post Existing-Home Sales Stuck appeared first on RISMedia.

Existing-home sales dropped 0.7% in July, extending 4-month decline

Existing-home sales dropped 0.7 percent to a seasonally adjusted 5.34 million in July, declining for the fourth consecutive month.

Home prices in the nation’s metros reach an all-time high

Home prices in the nation’s metropolitan areas reached an all-time high in the second quarter of 2018, according to a new survey from NAR.

Building Momentum for Mortgage Rates

There is a building momentum in mortgage rates, with the average 30-year, fixed rate up for the second straight week, according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®). The average 30-year fixed increased to 4.6 percent, up from 4.54 percent the prior week. The average 15-year, fixed, meanwhile, rose to 4.08 percent, up from […]

The post Building Momentum for Mortgage Rates appeared first on RISMedia.