Existing home sales fell in May as rising rents and low supply weigh on affordability

Existing home sales declined again in May, falling by 3.4% to a seasonally adjusted annualized rate of 5.41 million units, according to new data from the National Association of Realtors. On a yearly basis, existing home sales were down 8.6% compared to May 2021. The NAR said the market is now at its weakest reading

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Existing home sales rose 7% in September

Sales of existing homes jumped 7% in September to a seasonally adjusted annualized rate of 6.29 million units following a decline in August. However, sales are still down 2.3% from where it was a year ago, according to new data from the National Association of Realtors. At the same time, the available inventory of existing

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Existing home sales rise in June as inventory improves

Existing home sales rose by 1.4% in June to a seasonally adjusted rate of 5.86 million units, following four months of declining sales. The sales numbers are based on transactions closed in the month, so they could be contracts signed in April or May, the National Association of Realtors reported. Sales are still up massively

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Existing home sales fall in May, boosting housing inventory

Strong buyer demand coupled with limited housing inventories saw sales of existing-homes fall for the four month in a row in May. Existing home sales were down 0.9% compared to the month before, though they will still up 44% on a year over year basis, according to the National Association of Realtors in its latest

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Low inventories led to home sales decline last month, the NAR says

Existing home sales surprisingly reversed course in February, falling by 6.6% compared to the previous month, following several sharp monthly gains. That’s according to the National Association of Realtors, which said in a report that the sales dip is primarily due to low inventories of existing homes for sale in the U.S. However, the NAR’s

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Existing home sales explode, up 27% from last year

Existing home sales have risen for the fifth consecutive month as the housing industry continues to show its resilience in the face of the COVID-19 pandemic. The National Association of Realtors reported Thursday that homes sales are up an astonishing 27% from the same time one year ago. In addition, it was reported this week

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NAR: Strong home sales in Feb give cause for optimism

Although the U.S. is gripped by the cornonavirus outbreak, there was some good news for the real estate industry as existing home sales performed better than expected, with three out of four regions showing an increase in sales, according to National Association of Realtors’ data. The NAR said total existing home sales, which includes single-family,

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New home sales fall slightly in October

The number of new home sales in the U.S. fell slightly last month, but they remain almost 10% higher than they were this time last year, according to data released by the Commerce Department this week. In addition, the last two months in new home sales represent the highest monthly sales rate since October 2007,

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Home sales fall again as low inventory leaves buyers with fewer options

Existing home sales have failed to gain much traction in the past month, according to a new report from the National Association of Realtors released last week.

Existing-home sales rise 2% in October, NAR reports

Existing-home sales ascended in October for the second straight month and eclipsed June’s cyclical sales peak to become the highest annualized pace in nearly a decade, according to the National Association of Realtors.

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