New Homebuyers in the US Prefer Move-In Ready Homes, Declining Interest in Fixer-Uppers on Nostr: U.S. Pending Home Sales Hit All-Time Low in May Amid Decreased Demand =============== ...
U.S. Pending Home Sales Hit All-Time Low in May Amid Decreased Demand
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#e535966b ver:0.73
U.S. pending home sales hit all-time low in May as demand decreases due to record-high prices and rising mortgage rates. Existing home sales fell for the third consecutive month, dropping 0.7% to 4.11 million units. Despite the decline, housing inventory increased by 6.7%. The median price of existing homes reached a record high of $419,300. NAR predicts easing home price appreciation in the coming months. Bank of America economists warn that the housing market will remain 'stuck' until at least 2026. High interest rates have caused home prices to rise instead of fall. #RealEstate #HousingMarket #MortgageRates...
#newstr #UsExistingHomeSales #HousingMarket #MortgageRates #UsHomePrices #Affordability #UsEconomy #Manufacturing #MillennialBuyers #PendingHomeSales #NationalAssociationOfRealtors #PendingHomeSalesIndex #LawrenceYun
https://here.news/story/e535966b?ver=0.73
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#e535966b ver:0.73
U.S. pending home sales hit all-time low in May as demand decreases due to record-high prices and rising mortgage rates. Existing home sales fell for the third consecutive month, dropping 0.7% to 4.11 million units. Despite the decline, housing inventory increased by 6.7%. The median price of existing homes reached a record high of $419,300. NAR predicts easing home price appreciation in the coming months. Bank of America economists warn that the housing market will remain 'stuck' until at least 2026. High interest rates have caused home prices to rise instead of fall. #RealEstate #HousingMarket #MortgageRates...
#newstr #UsExistingHomeSales #HousingMarket #MortgageRates #UsHomePrices #Affordability #UsEconomy #Manufacturing #MillennialBuyers #PendingHomeSales #NationalAssociationOfRealtors #PendingHomeSalesIndex #LawrenceYun
https://here.news/story/e535966b?ver=0.73