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

Pending home sales in the United States fell to an all-time low in January, declining 4.6% to 70.6, according to the National Association of Realtors.
Sales of previously occupied homes decreased by 4.9% from December to a rate of 4.08 million units, with annual increases seen for the fourth consecutive month.
The national median sales price of homes rose 4.8% in January to $396,900, marking an increase for the 19th consecutive month.
NAR Chief Economist Lawrence Yun indicated the impact of weather on buyer activity remains uncertain and hinted at potential changes in the market as conditions improve.

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thedailyupside.com

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…

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Wolf Street

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Stacker

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…

1 day ago·Georgia, United States

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New York Post

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.

1 day ago·New York, United States

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The Baltimore Banner

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.

1 day ago

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