Home sales drop for first time since December as stiff mortgage rates sideline buyers

Sales of previously occupied ... Despite the pullback in sales, home prices climbed compared with a year earlier for the ninth month in a row. While the supply of homes on the market remains ... Read More

US new home sales rebound to six-month high; rising mortgage rates a concern

Sales of new U.S. single-family homes rebounded in March from February's downwardly revised level, drawing support from a persistent shortage of previously owned houses on the market, but momentum ... Read More

US homes sales dropped last month as March prices reached a record high

Washington (CNN) — Sales of previously owned homes in the United States fell in March as home prices climbed and mortgage rates held steady that month, reflecting the persistent pain of America ... Read More

US consumer confidence deteriorates in April

U.S. consumer confidence deteriorated in April, falling to its lowest level in more than 1-1/2 years amid worries about the labor market and income, a survey showed on Tuesday. Read More

Home Sales in March Had Biggest Decline in 16 Months

Sales of previously owned homes decreased 4.3% from the prior month to a seasonally adjusted annual rate of 4.19 million, the National Association of Realtors said Thursday. It was the biggest ... Read More

Mortgage rates are rising, home sales are falling

Sales of existing homes fell 4.7% in March, according to the National Association of Realtors (NAR) and were down nearly 4% from March 2023. At the same time, mortgage rates are still rising. Read More

New home sales inch higher despite 7% mortgage rates: ‘There's more opportunity,' economist says

The median sales price was $430,700 ... there's more availability and incentives compared to previously owned homes. Get South Florida local news, weather forecasts and entertainment stories ... Read More

Housing Trends

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Why the new home market has an edge on existing home sales

According to the US Census Bureau, new home sales surged to 8.8% month-over-month in March as a persistent shortage of pre-owned homes remains. With current mortgage rates increasing and supply ... Read More

The Truth About Certified Pre-Owned Cars

To address those concerns, automakers created the “certified pre-owned” (CPO ... for the increased reliability,” says Steven Elek, Consumer Reports’ program leader for auto data analytics. Read More