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Newsfeed: The red-hot housing market isn’t sustainable—CoreLogic forecasts home price growth to slow

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.

Newsfeed: Scroll back up to restore default view. Yahoo Finance US home price growth stalls in the final month of 2021

Newsfeed: Yahoo Finance US home price growth stalls in the final month of 2021

Home price growth in the U.S. paused in the final month of 2021, but the full year logged in record gains.

Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index posted an 18.8% annual gain in December, unchanged from November. The 20-City Composite posted an 18.6% annual gain, up from 18.3% a month earlier. The 20-City results were higher than analysts’ expectations of an 18% annual gain, according to Bloomberg consensus estimates.

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

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.

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

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

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.

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

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

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)…

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