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NAR: Housing Cycle May Be Near The Bottom

Pending home sales declined in July for the eighth time in the last nine months, a sign that the housing cycle downturn may be nearing the bottom, the National Association of Realtors said today. Three of the four major regions registered month-over-month decreases, though the West posted a minor gain. Year-over-year, however, all four regions saw double-digit percentage declines, led by the West.

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Existing-Home Sales Fell Again In July

Sales of existing homes fell nearly 6% in July, the sixth straight-monthly decline, with all four U.S. regions recording fewer sales, the National Association of Realtors said today.

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Home Prices In Q2 Rose By Double-Digits In 4 In 5 Metro Areas

Despite climbing mortgage rates and falling home sales in the second quarter of 2022, a greater number of metropolitan markets experienced double-digit annual home-price gains from the first quarter, the National Association of Realtors (NAR) said today. Housing affordability, meanwhile, tumbled dramatically in the quarter, the NAR said.

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Existing-Home Sales Slid 5 4% In June: NAR

Existing-Home Sales Slid 5 4% In June: NAR
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United statesFreddie macLawrence yunLas vegasNational association of realtors is americaNational association of realtorsNational associationEconomist lawrence yunHome buyersMarket trends report

Pending Home Sales Rose 0 7% In May, Ends 6-Month Decline

Pending home sales inched higher in May, breaking a six-month streak of declines, the National Association of Realtors said today. Year-over-year, however, transactions fell 13.6%. Regionally, month-over-month results were mixed, with pending sales increasing in the Northeast and South while falling in the Midwest and West. Year-over-year, contract activity slid in all four major regions.

United statesLawrence yunNational association of realtors is americaNational association of realtorsNational associationPending home sales indexEconomist lawrence yun