According to the National Association of Realtors, pending home sales jumped 7.4% compared to August and 2.6% year over year.
The average 30-year mortgage rate has been above 6% for two years — and is likely to stay above that level for the ...
The numbers: Sales of newly built homes in the U.S. surged to the highest level in 17 months as lower mortgage rates brought ...
September 2024's new home sales were remarkably strong when compared to the muted numbers reported a month earlier.
Many would-be home buyers are still hoping for mortgage rates to come down as the Federal Reserve cuts interest rates. How much they will fall is unclear.
However, higher prices and mortgage rates are slowing demand. Home sales are rising, but for how long? Pending home sales rose 3.2% year over year during the four weeks ending Oct. 13, the largest ...
Although new home sales increased in September, continued rising mortgage rates could deplete October’s sales. New estimates released jointly Thursday by the U.S. Census Bureau and the Department of ...
It expects that the second half of 2024 will witness moderately lower mortgage rates, higher home sales and price ... To give a perspective, sales of new single-family houses in August 2024 ...
Pending home sales ... And mortgage-purchase applications are down 7% week over week, but they are still trending up from a year ago. Sellers are taking a small step back as rates rise: New ...
High mortgage rates and ... can afford to buy are eyeing new instead of existing homes because of the incentives such as rate buy-downs builders are offering. Sales of existing homes are down ...