The housing market in December got a much stronger-than-expected lift from falling interest rates, suggesting that sales may grow impressively this year. Pending home sales rose 8.3 percent last month, the National Association of Realtors said Friday. This was the
The housing market’s rebound keeps surprising to the upside.
Sales have dropped to near all-time lows.
Wall Street thought sales would fall by 0.5 percent. Instead, they rose 0.9 percent.
The combination of a lack of homes on the market, high prices, and high mortgage rates are holding back sales.
The latest sign that the housing recession may be coming to an end.
We’re still awash in data showing January was a month of unexpectedly strong growth and resurgent inflation.
Is the housing recession already over?
A sharp drop in mortgage rates in July probably explains the shallower drop in pending sales.
Pending home sales fell by more than twice what was expected.
Rising rents, rising home prices, and rising mortgage rates sparked a “buy now” rush of home purchases in October.
The Biden administration’s housing policies are failing to increase home affordability.
Buyers are coming back into the market, especially in communities in GOP-led states Texas, Florida, and Tennessee.
Contracts to purchase previously owned U.S. homes fell for the second straight month in July, the latest sign that economic activity slowed mid-summer as the Delta variant ramped up the rate of coronavirus infections and inflation pumped up prices. The
The best May pending sales number since 2005.
Pending home sales rose in March after a sharp decline in February, according to the National Association of Realtors. Pending sales, which measure contract signings for homes and usually lead closed sales by 45 to 60 days, rose 1.9 percent
A record low supply of homes took a big bite out of home sales in February.
Home prices are up 16 percent across the country as the supply of homes for sale dwindles and prices soar.
