A weekly update of housing market supply, demand, and prices.
Some would-be homebuyers are hesitating as housing costs rise and the ongoing Iran war makes the economy feel shaky. Fewer house hunters are going under contract to buy homes. U.S. pending home sales fell 1.5% from a week earlier on a seasonally adjusted basis during the week ending May 24, the second straight decline after […]
Higher Mortgage Rates Push Pending Home Sales Down for Second Straight Week Read More »
Mortgage rates jumped to a 10-month high, spooking would-be homebuyers and sellers after a few weeks of solid demand. U.S. pending home sales fell 1.1% from a week earlier during the week ending May 17, the first decline since early April. Pending sales are still at their second-highest level since September 2022, but it’s notable
Pending Home Sales Slip for First Time Since Early April as Mortgage Rates Climb Read More »
Sale prices are rising as homebuying demand strengthens. U.S. pending homes sales jumped 9.6% year over year to their highest level since September 2022, on a seasonally adjusted basis. Pending sales are rising in every major U.S. metro except three (Houston, Detroit and Seattle). Mortgage-purchase applications are up 4% week over week. Strengthening demand is
Pending Home Sales Jump 10% From a Year Ago to Highest Level Since 2022 Read More »
More homebuyers jumped into the market as mortgage rates came down temporarily last week, but it’s still slower than past springs. U.S. pending home sales hit their highest level since September 2022 during the four weeks ending May 3. They rose 7.7% year over year on a seasonally adjusted basis. There are a few reasons
Pending Home Sales Hit Highest Level in Nearly 4 Years Read More »
More homeowners are putting their houses on the market, with new listings increasing for the second week in a row after five straight months of declines. U.S. pending home sales rose 2.7% year over year during the four weeks ending April 26, the biggest increase in six weeks. Mortgage-purchase applications have risen to their highest
Homebuying Demand Ticks Up, Mortgage Rates Tick Down Read More »
We’re seeing a small spring rebound, with new listings of homes for sale ticking up. New listings of U.S. homes for sale rose 3% year over year during the four weeks ending April 19, the biggest increase since November. Pending home sales fell 1.2% year over year, the smallest decline in about a month. Mortgage-purchase
More Homeowners Are Putting Up ‘For Sale’ Signs As the Days Get Warmer Read More »
