Another month, another plunge in housing.
Hot on the heels of the latest catastrophic homebuilder sentiment print and plunging single-family starts and permits, analysts expected existing home sales to accelerate their recent decline with a 4.9% MoM drop in July.
Existing-home sales sagged for the sixth straight month in July, according to the National Association of REALTORS®. All four major U.S. regions recorded month-over-month and year-over-year sales declines.
Newsfeed: Existing-Home Sales Retreated 5.9% in July Read More »
The housing market is slowing as higher mortgage rates sideline many prospective homebuyers. With competition declining, the house hunters who are still in the market are enjoying newfound bargaining power, a striking contrast from just a few months ago, when buyers often had to pull out every stop in order to win.
Existing-home sales dropped for the fifth straight month in June, according to the National Association of REALTORS®. Three out of four major U.S. regions experienced month-over-month sales declines and one region held steady. Year-over-year sales sank in all four regions.
Newsfeed: Existing-Home Sales Slid 5.4% in June Read More »
With homebuilder sentiment collapsing at its fastest rate on record in July (ex-COVID lockdowns), one could be forgiven for thinking these same homebuilders …
Newsfeed: US Homebuilders Abandon Single-Families In June As They Brace For Rate Shock Read More »
Existing-home sales recorded a third straight month of declines, slipping slightly in April, according to the National Association of Realtors®.
Newsfeed: Existing-Home Sales Retract 2.4% in April Read More »
A lot of folks get started in real estate investing with “little green houses” … Buying single family homes here and there … Slowly building up a portfolio and watching equity happen.
Podcast: Stepping Up to Bigger Deals Read More »
Rick Santelli has the latest numbers released …
Newsfeed: GDP contracts 1.4 percent… Read More »
The real estate market is cooling quickly …
Newsfeed: Mortgage applications drop 50 percent… Read More »
Sales of new U.S. homes fell in March to a four-month low, indicating high prices and surging borrowing costs are putting more of a squeeze on the market.
Newsfeed: Sales of New U.S. Homes Drop to Lowest in Four Months Read More »