February 18, 2022

Newsfeed: Real Estate Investors Are Buying A Record Share Of US Homes, Sending Prices Soaring

U.S. home sales unexpectedly rose in January, but investors paying in cash are squeezing out first-time buyers amid record low inventory and higher prices. Existing home sales rebounded 6.7% to a seasonally adjusted annual rate of 6.50 million units last month, the National Association of Realtors said on Friday. Sales rose in all four regions. Economists polled by Reuters had forecast sales decreasing 1.0% to a rate of 6.10 million units.

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Newsfeed: U.S. existing home sales surge in January; inventory at record low

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Newsfeed: U.S. existing home sales surge in January; inventory at record low Read More »

Newsfeed: NAR Warns Rising Mortgage Rates “Will Be Problematic” As US Existing Home Sales Unexpectedly Soar In Jan

All Posts, Featured, Newsfeed / Guys

After December’s unexpected tumble, analysts expected existing home sales to continue to slow (-1.3% MoM) in January as mortgage rates rose, omicron hit, and homebuilder sentiment began to slow (catching down to homebuyer’s record low confidence). However, despite the soaring rates and slumping confidence, NAR expects us to eblieve that sales exploded 6.7% higher MoM (a massive beat, even more so given that December was revised slightly better)…

Newsfeed: NAR Warns Rising Mortgage Rates “Will Be Problematic” As US Existing Home Sales Unexpectedly Soar In Jan Read More »

Newsfeed: Real Estate Investors Are Buying A Record Share Of US Homes, Sending Prices Soaring

Newsfeed: U.S. existing home sales surge in January; inventory at record low

Newsfeed: NAR Warns Rising Mortgage Rates “Will Be Problematic” As US Existing Home Sales Unexpectedly Soar In Jan

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