Newsfeed: US suffering from the second biggest home price correction of the post-WWII era
The U.S. housing market is experiencing its second-biggest home price correction of the post-World War II era.
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Newsfeed: US Pending Home Sales Crash By Most On Record
Existing home sales crashed but new home sales rebounded in November, which leaves today’s pending home sales as the deciding vote for just how apparently dismal the US housing market really is.. and the decision is – the housing market is in trouble as pending home sales tumbled 4.0% MoM (vs -1.0% exp) and October’s drop was revised even deeper…
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Newsfeed: US New Home Sales Unexpectedly Soar (Again) In November
After an unexpected rebound in October, new home sales are expected to tumble in November (latest data) following the plunge in existing home sales, starts and permits data, and homebuilder sentiment.
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Newsfeed: Home Sales Slumped 35% in November, the Biggest Decline on Record
Home sales fell 35.1% year over year in November on a seasonally-adjusted basis—the largest decline in Redfin’s records that date back to 2012. Home-price growth also lost momentum. The median U.S. home-sale price rose just 2.6% from a year earlier, the smallest gain since May 2020, when the onset of the coronavirus pandemic brought the housing market to a near halt.
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Newsfeed: The Skyrocketing Unaffordability Of The American Dream
One month after setting a record low level for affordability, the unaffordability of new homes in the U.S. has skyrocketed.
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Newsfeed: Housing Market Predictions 2023: A Post-Pandemic Sales Slump Will Push Home Prices Down For the First Time in a Decade
We expect home sales to sink to their lowest level in more than a decade in 2023 as high mortgage rates keep housing costs up and prevent people from moving. High homeowner equity and a resilient job market will stave off a wave of foreclosures.
Newsfeed: US Pending Home Sales Plunge To Biggest Annual Drop Ever
After plunging by the most since COVID lockdowns in September, analysts expected US pending home sales to tumble once again in October and they did, dropping 4.6% MoM (September was revised slightly higher from -10.2% MoM to -8.7% MoM)…
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Newsfeed: Home sales fell for the ninth straight month in October, as higher mortgage rates scared off potential buyers
Home sales declined for the ninth straight month in October, as higher interest rates and surging inflation kept buyers on the sidelines. Sales of previously owned homes dropped 5.9% from September to October, according to the National Association of Realtors. That is the slowest pace since December 2011, with the exception of a very brief drop at the beginning of the Covid-19 pandemic.
Newsfeed: US Pending Home Sales Collapsed In October, Weakest Since 2010
Following the declines in new- and existing-home sales, analysts (unsurprisingly) expected to see pending home sales drop for the 10th month of the last 11. They were right BUT the magnitude was remarkable.
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Newsfeed: U.S. home prices could fall as much as 20% next year
Home prices have plunged during the second half of 2022 with demand for residential real estate cooling off in a number of states and cities across the U.S.
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