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New home sales jumped 8.8% to a seasonally adjusted annual rate of 693,000 units last month, the highest level since September, the Commerce Department's Census Bureau said. The sales pace for ...
Record-high prices and rising mortgage rates dampened demand for existing homes in May, according to the National Association of Realtors. Housing inventory improved, but affordability remained a ...
The nationwide median sale price for existing homes in January clocked in at $379,100, up 5.1 percent from last year and the seventh month in a row to record year-over-year increases.
Economists polled by Reuters had forecast new home sales, which account for 15.6% of U.S. home sales, falling to a rate of 700,000 units. New home sales are counted at the signing of a contract.
More than half of all new listings of existing homes in August had a major risk of extreme heat, a third had a major risk of extreme wind exposure, and close to 17% had a major risk of wildfire ...
The National Association of Realtors, however, released an updated forecast on existing home sales on Friday, anticipating a 13% increase to 4.62 million in 2024.
U.S. existing home sales reversed four monthly declines in July, boosted by improving supply and lower mortgage rates. The median home price rose 4.2% from a year earlier to $422,600, while ...
Because new home sales trigger consumption, they have significant market impact upon release. New home sales also serve as a good indicator of economic turning points due to their consumer income sensitivity. Generally, when economic conditions slow down, new home sales serve as an early indicator of such a depression. [citation needed]
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