New Homebuyers in the US Prefer Move-In Ready Homes, Declining Interest in Fixer-Uppers on Nostr: US Existing Home Sales Decline for Second Consecutive Month =============== #e535966b ...
US Existing Home Sales Decline for Second Consecutive Month
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#e535966b ver:0.56
US existing home sales declined for the second consecutive month in April, falling 1.9% and missing projections. High mortgage rates and rising prices are contributing to the slowdown. However, there has been an increase in housing inventory, which may help stabilize prices in the future. Median sales prices rose by 5.7%, with the highest increase in homes priced at $1 million or more. Economists expect home sales to remain stagnant or decline further in the coming months. Sales of new homes in April were also weaker than expected, impacted by rate hikes and higher mortgage rates. US house price growth slowed sharply in March, likely due to rising mortgage rates. Despite the slowdown, house prices could remain elevated due to low housing inventory levels. House price expectations for the next five years have surged to a 16-year high. Sales of existing homes in May dropped to one of their lowest levels on record, with a record share of homes having a price cut. The housing market is divided, with some homeowners benefiting from soaring home values while new buyers face unaffordable prices. #RealEstate #HousingMarket #HomeSales...
#newstr #UsHousingMarket #ExistingHomeSales #MortgageRates #HousingInventory #MedianSalesPrice #FederalReserve #HousePriceInflation #Fhfa #UsHousingEconomy #HousePrices #RealEstateMarket #Pmi #Carmax
https://here.news/story/e535966b?ver=0.56
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#e535966b ver:0.56
US existing home sales declined for the second consecutive month in April, falling 1.9% and missing projections. High mortgage rates and rising prices are contributing to the slowdown. However, there has been an increase in housing inventory, which may help stabilize prices in the future. Median sales prices rose by 5.7%, with the highest increase in homes priced at $1 million or more. Economists expect home sales to remain stagnant or decline further in the coming months. Sales of new homes in April were also weaker than expected, impacted by rate hikes and higher mortgage rates. US house price growth slowed sharply in March, likely due to rising mortgage rates. Despite the slowdown, house prices could remain elevated due to low housing inventory levels. House price expectations for the next five years have surged to a 16-year high. Sales of existing homes in May dropped to one of their lowest levels on record, with a record share of homes having a price cut. The housing market is divided, with some homeowners benefiting from soaring home values while new buyers face unaffordable prices. #RealEstate #HousingMarket #HomeSales...
#newstr #UsHousingMarket #ExistingHomeSales #MortgageRates #HousingInventory #MedianSalesPrice #FederalReserve #HousePriceInflation #Fhfa #UsHousingEconomy #HousePrices #RealEstateMarket #Pmi #Carmax
https://here.news/story/e535966b?ver=0.56