US Home Sales Fade
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More homes were sold in the Charlotte area in the month of June, putting an end to a four-month decline. According to the Charlotte Business Journal, home sales rose 8.3% year over year. ALSO READ: Woman says she was injured appraising a home and stuck with the medical bills Even so,
New home sales fell 13.7% in May, showing that the housing market is in a freeze. Redfin said this month that unsold inventory is at a record high.
Homebuyers continued to retreat last week despite relatively stable mortgage rates as broader concerns about the economy and labor market weighed on demand.. Mortgage applications to purchase a ...
The median U.S. home sale price dropped 1.2% in February, marking the first year-over-year decline in a decade, according to a new report from Redfin.
Homebuyers had 45,000 fewer homes to choose from in July as the US housing market remains as tight as ever. ... marking the first annual decline since April 2022.
The average rate on a 30-year U.S. mortgage fell to its lowest level since early May, an encouraging trend for prospective homebuyers at a time when the ... bond market investors’ expectations for the economy and inflation. The key barometer is the ...
It peaked at a 35-year high of 90 in November 2020, buoyed by record-low interest rates at the same time that American homebuyers – flush with cash and eager for more space during the pandemic ...
Mortgage rates continued to decline this week, taking a little more pressure off America’s tight housing market as the Federal Reserve ramps up its efforts to keep the economy on an even keel.
Today, the Federal Reserve will get their briefing ahead of their meeting at the end of the month and mortgage applications rose as homeowners anticipate interest rates staying higher for longer.