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Existing Home Sales Down 2.5%

Existing Home Sales Down 2.5%

by Phil Hall | Sep 19, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales were down 2.5% from July to August, reaching a seasonally adjusted annual rate of 3.86 million in August, according to new data from the National Association of Realtors (NAR). Year-over-year, sales fell by 4.2% from the 4.03 million sales in...
Pending Home Sales Plummeted in July

Pending Home Sales Plummeted in July

by Phil Hall | Aug 29, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pending home sales sank during July, according to new data from the National Association of Realtors (NAR). The Pending Home Sales Index (PHSI), NAR’s a forward-looking indicator of home sales based on contract signings, dropped by 5.5% to 70.2 in July, the lowest...
Existing Home Sales Inch Up, Breaking 4-Month Decline Streak

Existing Home Sales Inch Up, Breaking 4-Month Decline Streak

by Phil Hall | Aug 22, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales in July were on the rise, reversing a four-month streak of monthly declines. According to new data from the National Association of Realtors (NAR), total existing home sales were up 1.3% from June to a seasonally adjusted annual rate of 3.95...
Nearly 90% of Metro Areas Recorded Q2 Home Price Gains

Nearly 90% of Metro Areas Recorded Q2 Home Price Gains

by Phil Hall | Aug 13, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New data from the National Association of Realtors (NAR) determined that 199 out of 223 metro markets, or 89%, recorded home price gains in the second quarter as the 30-year fixed mortgage rate ranged from 6.82% to 7.22%. NAR added that 13% of the 223 tracked metro...
June’s Pending Home Sales Up From May

June’s Pending Home Sales Up From May

by Phil Hall | Jul 31, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pending home sales in June were up by 4.8% from May but were down 2.6% from June 2023, according to the National Association of Realtors (NAR). The Pending Home Sales Index, NAR’s a forward-looking indicator of home sales based on contract signings, grew to 74.3 in...
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