A monthly update of housing market supply, demand, and prices.
Homebuyers came out of the woodwork as mortgage rates posted the biggest monthly decline since 2008. Sellers also came off the sidelines, but not with as much force; new listings rose 0.1% to the highest level since September 2022. Prices jumped 4%, the most in over a year, as buyers competed for a still-limited pool […]
Pending Home Sales Rose 4% in December—Biggest Jump in Over Two Years Read More »
More homes are changing hands as mortgage rates drop and buyers and sellers see more eye to eye on price. Still, deals are falling through at the highest rate on record due to lingering economic uncertainty, and some metros continue to see price declines. New listings and pending home sales both climbed to the highest
New listings were near their six-month high in October, helping drive an increase in pending sales, though buyers backed out of deals at the highest rate on record. The recent drop in mortgage rates could give sales another boost in November. U.S. pending home sales rose 1% month over month in October to the highest
Pending Home Sales Rise to Highest Level in a Year Read More »
New listings inched up as some homeowners opted to cash out, fearing that elevated mortgage rates could drive a drop in home prices. Pending sales also saw a slight bump as the uptick in listings brought some house hunters off the sidelines. But home purchases fell through at the highest rate in nearly a year
Some homebuyers got cold feet as mortgage rates hit the highest level in over two decades and prices continued to rise, but buyer demand and new listings have stabilized following months of declines. Residential real estate deals are falling through at the highest rate in almost a year as high mortgage rates give homebuyers sticker
Home Purchases Fell Through at the Highest Rate in Nearly a Year in August Read More »
Pending sales have stabilized following months of steep declines, but homebuyer demand remains below pre-pandemic levels as house hunters grapple with elevated mortgage rates, high prices and a lack of supply. Pending home sales inched up in July—rising 0.7% from a month earlier to the highest level since the start of the year on a
Pending Home Sales Ticked Up in July But Still Hovered Near Recent Low Read More »
