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 despite record prices

Numbers: New home sales in the United States rose in August, as the market for newly built buildings continues to show signs of stabilizing after months of decline. New home sales in the United States rose 1.5% to an annual rate of 740,000, the government said on Friday. The figure is the number of homes […]

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 […]

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 […]

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 […]

The US single-family home market still in the grip of massive shortages, despite overall housing construction close to 2006 levels

There are still not enough houses under construction. That’s bad news for first-time homebuyers in Tuesday’s U.S. housing data, showing housing starts rose at a seasonally adjusted annual rate of 1.62 million in August. . The good news shows that housing starts climbed 3.9% from the previous month, approaching the 1.8 million annual rate last […]

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 […]

Billionaire Kellner’s family weighs mortgage options

(Bloomberg) – The family of the late Czech billionaire Petr Kellner are exploring options for consumer lender Home Credit, people familiar with the matter said, nearly two years after an initial public offering in Hong Kong was dropped. Home Credit owners are in talks with advisors about options, including partnerships and selling stakes in some […]

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 […]