Source: Scotsman Guide — Residential starts fell in May to a seasonally adjusted annual rate of 1.55 million units, down 14.4% monthly and 3.5% yearly to the lowest level in more than a year. That’s according to the latest new residential construction report...
Source: Fox Business — The National Association of Home Builders warned on Wednesday that soaring inflation and higher mortgage rates are slowing home sales, with CEO Jerry Howard calling the combination a “perfect storm.” Howard told “Varney...
Source: Fortune — It’s not just about how expensive housing became—it’s how fast it got there. It only took 24 months for U.S. home prices to soar a staggering 37%. For comparison, the biggest two-year spike leading into the 2008 housing crash was 29%. Heading...
Source: KUTV — SALT LAKE CITY (KUTV) — Housing prices along the Wasatch Front have soared to record levels yet again. New numbers from UtahRealEstate.com, provided to KUTV 2News by the Salt Lake Board of Realtors, show the median sales price for a single-family...
Source: Keeping Current Matters — Experts in the real estate industry use a number of terms when they talk about what’s happening with home prices. And some of those words sound a bit similar but mean very different things. To help clarify what’s happening...
Source: Redfin —Â The highest share of sellers on record dropped their list price during the four weeks ending June 12 as mortgage rates shot up to levels not seen since 2008, dwindling the pool of home shoppers. Still, homebuying has never been more expensive....
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
