Posts by John Yellig
New-home inventory rose to 444,000 homes in May from 437,000 homes in April, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported....
Meanwhile, existing-home sales slid 3.4% from April to a seasonally adjusted annual rate of 5.41 million, according to the National Association of...
Nationwide, sales fell 8.5% annually and rose 5.8% monthly, as rising interest rates and home prices weighed on homebuyers’ purchasing power, RE/MAX said....
New-home completions rose during the month, however, with the increased inventory representing a rare bright spot in an otherwise gloomy government...
Nationally, the index posted its highest annual increase...
Most of the single-family homes are in Texas, Georgia, Alabama and...
Nevertheless, home prices are expected to continue rising through the end of the year, according to the National Association of...
The rate of new single-family home sales fell 16.6% from March’s revised number, while the median sales price jumped to $450,600 from March’s revised median house price of...
The inventory of unsold homes increased in April, while the median existing-home sales price rose, according to the National Association of...
“Builders are responding to higher mortgage rates and are chasing rising rents, with fewer homebuyers and more renters being forced to renew their leases.” — NAR Chief Economist Lawrence...