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Existing Homes Sales Up for First Time in 5 Months

Existing Homes Sales Up for First Time in 5 Months

by Phil Hall | Dec 20, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales inched up in November, breaking a five-month streak of consecutive declines, according to the National Association of Realtors (NAR). Total existing home sales rose by 0.8% from October to a seasonally adjusted annual rate of 3.82 million in...
Housing Starts Surged in November

Housing Starts Surged in November

by Phil Hall | Dec 19, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Single‐family housing starts in November were at a rate of 1.14 million, the highest level in six months, according to data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. This represents an 18% increase from the revised October...
NAR’s Chief Economist Forecasts 4.71 Million Existing Home Sales in 2024

NAR’s Chief Economist Forecasts 4.71 Million Existing Home Sales in 2024

by Phil Hall | Dec 13, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new forecast by Lawrence Yun, chief economist for the National Association of Realtors (NAR), is predicting the sale of 4.71 million existing homes during 2024. Speaking before NAR’s fifth annual year-end Real Estate Forecast Summit: The Year Ahead, Yun predicted...
Pending Home Sales at Historic Low Level

Pending Home Sales at Historic Low Level

by Phil Hall | Nov 30, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pending home sales were at a historic low level in October, according to new data from the National Association of Realtors (NAR). The NAR Pending Home Sales Index (PHSI) in October fell 1.5% from the previous month to 71.4, the lowest number since the index was...
Existing Home Sales Down in October

Existing Home Sales Down in October

by Phil Hall | Nov 21, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The volume of existing home sales declined by 4.1% from September to a seasonally adjusted annual rate of 3.79 million in October, according to new data from the National Association of Realtors (NAR). Year-over-year, sales plummeted by 14.6% from 4.44 million in...
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