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Fewer Pending Home Sales During August

Fewer Pending Home Sales During August

by Phil Hall | Sep 28, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pending home sales in August were down 7.1% from July and down 18.7% from August 2022, according to data from the National Association of Realtors (NAR). The trade group’s Pending Home Sales Index, a forward-looking indicator of home sales based on contract signings,...
Existing Home Sales Drop While Prices Keep Rising

Existing Home Sales Drop While Prices Keep Rising

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

Existing home sales in August were down 0.7% from July to a seasonally adjusted annual rate of 4.04 million, according to data from the National Association of Realtors (NAR). Year-over-year, sales dropped by 15.3% from the 4.77 million recorded in August 2022. While...
A Phil Hall Op-Ed: Existing Home Sales in 2024? Fuggedaboutit!

A Phil Hall Op-Ed: Existing Home Sales in 2024? Fuggedaboutit!

by Phil Hall | Sep 18, 2023 | A Phil Hall Op-Ed, Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Phil Hall Op-Ed: The good folks at LendingTree (NASDAQ:TREE) released a survey of homeowners regarding their ongoing or planned renovation projects for their residences. If these results are any indication, the decline of existing home sales that defined this year...
Pending Home Sales Inched Up in July

Pending Home Sales Inched Up in July

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

Pending home sales were up for the second consecutive month in July, according to data from the National Association of Realtors (NAR). NAR’s Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, inched up by 0.9% to...
Existing Home Sales Down 16.6% From Last Year

Existing Home Sales Down 16.6% From Last Year

by Phil Hall | Aug 22, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales were in retreat last month, according to new data from the National Association of Realtors (NAR). During July, completed transactions were down 2.2% from June to a seasonally adjusted annual rate of 4.07 million. On a year-over-year measurement,...
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