Category Archives: Home sales

New home sales jump 1.5% in August

New residence sales increased for a fourth consecutive month in August. Sales of new single-family homes rose 1.5% last month to a seasonally adjusted annual rate of 740,000, according to the US Census Bureau and the Department of Housing and Urban Development. The rate was 24.3% lower than the August 2020 reading of 977,000. Analysts […]

New home sales increase for second consecutive month

Sales of new single-family homes in August were up 1.5% from the previous month, to a seasonally adjusted annual rate of 740,000, according to a report of US Department of Commerce released on Friday. This is the second consecutive month of rising sales for homebuilders, although there is good reason to believe that the height […]

As home sales slow, so do prices

singebusinessimages / Getty Images / iStockphoto The hot housing market slowed in August as house prices continue to discourage buyers. Existing sales fell 2.0% last month and housing supply remains tight, down 13.4% from a year ago, according to National Association of Realtors data released Wednesday. See: 20 home renovations that will hurt the value […]

Existing home sales decline as buyers wait for better prices and more options

The Numbers: Existing Home Sales Plummeted 2% Sales of existing homes fell in August, with inventory and prices remaining a major concern for potential buyers. Existing home sales fell 2% to a seasonally adjusted annual rate of 5.88 million in August, according to the National Association of Realtors. said wednesday. Compared with August 2020, home […]

US home sales have slowed, but prices remain ridiculous

Home sales fell in August, both from July and from a year ago, breaking two straight months of increases, according to the National Association of Realtors. Home purchases have increased over the past year, which NAR chief economist Lawrence Yun says is an anomaly. The pent-up demand from potential buyers that built up during closures […]

Door-to-door sales will calm down for the remainder of this year and next: Fannie Mae

Existing home sales were stronger than expected in July, but forecasters at Fannie Mae expect buyer demand to cool for the rest of the year and into the next year, citing the lack of homes. to sell as the main obstacle to sustained growth. In their latest monthly forecastFannie Mae economists now forecast home sales […]

Home Sales In Utah Slowing Down? Prices are still high

It looks like the Utah real estate market is slowing down slightly, according to the latest Salt Lake County home sales figures. But that doesn’t mean the market isn’t hot yet – only 2020, the year the pandemic shook the national housing market and spurred record home sales, especially in the West, surpasses a 2021 […]

Home sales fell for the first time in 15 months in August

The real estate market for the month of August monitoring indicators who pointed towards cooling. After the bidding wars reached a six-month low in July, home sales fell annually for the first time in 15 months, according to Redfin. Realized sales fell 6% per year in August and 1.4% per month. Meanwhile, pending sales are […]