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 […]

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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 […]

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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 […]

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Existing-Home Sales Slip, but Inventory Stirs

Barely budging against imbalanced inventory, existing-home sales slipped at the start of summer, the National Association of REALTORS® (NAR) reports. Activity in June declined 0.6 percent to 5.38 million, down 2.2 percent from the prior year; however, inventory increased 4.3 percent to 1.95 million, and is 0.5 percent higher than the prior year—the first increase […]

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Home prices reach all-time high as sales slump for straight third month

Existing home sales dropped 0.6 percent to a seasonally adjusted 5.38 million in June, declining for the third consecutive month, according to the latest data from the National Association of Realtors (NAR). Home sales dropped 2.2 percent from last June, marking the fourth consecutive month of year-over-year decline.