Pending home sales drop to the lowest level on record in January

New US Home Sales Drop By More Than 10 Percent

The sales of new homes in the United States fell by double digits in January on a monthly basis amid an increase in property prices and persistently-high mortgage rates hovering around the 7 percent level, according to latest data from the U.S. Census Bureau. The bureau said January sales of new single-family houses declined by 10.5 percent from December at a seasonally adjusted annual rate of 657,000 units. This was the lowest level in three mo…

The Housing Market is Still Rough. Tariffs Likely Won’t Help.

If it’s not a buyer’s market, and it’s not a seller’s market, then what is it? On Thursday, the National Realtors Association released new data that showed its Pending Home Sale Index — a proxy for home sales — fell to an all-time low in January. That’s just a day after the US Commerce Department said new home sales dropped over 10% from December to January, missing expectations. All while supply is at its highest level since 2007. So will prosp…

In the South, Pending Home Sales Plunge to Record Low, just as Inventories in Florida & Texas Balloon. Push US Pending Sales to Record Low

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Cities with the most expensive homes in the San Diego metro area

Arina P Habich // Shutterstock Cities with the most expensive homes in the San Diego metro area Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability plays a huge role for buyers. The typical home value in the United States was $356,776 in January, 2.6% higher than the y…

Pending home sales plunged to all-time low in January — winter weather may be to blame

There were month-over-month declines in the Midwest, South and West, with the most significant drop in the South.

Pending US home sales slide to an all-time low in January

Pending home sales in the United States slid to an all-time low in January as high mortgage rates, record-high home prices, and possibly the terrible weather last month hindered those seeking to buy.