Today: 5. Nov, 2024
Sales of previously owned homes dropped in September, reaching levels not seen since October 2010. The market faces challenges, including high mortgage rates, fluctuating inventories, and longer sales cycles. As Lawrence Yun, chief economist for the National Association of Realtors, noted, “Home…
In a surprising turn of events, the housing market showed signs of life in July, with home sales rising for the first time in five months. According to the National Association of Realtors (NAR), closed sales of previously owned homes increased by…
Despite increased available homes, sales of previously owned homes declined in March. The National Association of Realtors (NAR) reported a 4.3% drop from February, marking a seasonally adjusted annualized rate of 4.19 million units. This decrease also represents a 3.7% fall compared…
The U.S. housing market has kicked off the year positively with a 3.1% increase in sales of previously owned homes in January, reaching 4 million units on a seasonally adjusted annualized basis, as the National Association of Realtors (NAR) reported. Despite a…
As 2024 unfolds, the housing market remains a topic of intense interest, especially for those hoping to buy their first home. The landscape has been shaped by fluctuating mortgage rates and persistent housing shortages, creating a complex environment for prospective buyers and…
As 2023 drew close, the United States housing market experienced its most significant downturn since 1995. The National Association of Realtors reported a notable slump in December home sales, reflecting a broader trend of market contraction. This decline culminated in a year…
In a startling downturn, home sales across the United States have plummeted to their lowest point in thirteen years this October, as the National Association of Realtors reported. The figures are alarming—only 3.79 million units sold at a seasonally adjusted annualized rate,…
The United States real estate market has faced a significant downturn, with September home sales dropping to the lowest since the foreclosure crisis in 2010. This dip represents a 2% decrease from August and a 15.4% decline compared to September of the…
Halifax reports a 4.6% decrease in house prices as elevated interest rates curb the enthusiasm of potential buyers. The UK housing market has witnessed its most significant yearly decline in 14 years, attributed to the summer’s seasonal downturn and the burden of…
UK house prices have seen another decline, marking the fourth consecutive monthly fall, with data from Halifax indicating that rising borrowing costs are causing a shift in preferences among first-time buyers towards smaller homes. In July, the average price decreased by 0.3%,…
