Existing-Home Sales Expanded 0.8% in November, Ending Five-Month Slide
Key Highlights Existing-home sales edged higher by 0.8% in November to a seasonally adjusted annual rate of 3.82 million, finishing a five-month drop. Sales retreated 7.3% from one year ago. The median existing-home sales price rose 4.0% from November 2022 to $387,600 – the fifth consecutive month o
Areas With the Most "Returning" Buyers and a Breakdown of Their Demographics
In a recent report, the National Association of REALTORS® pinpointed the markets expected to excel in 2024. After evaluating the performance of each market across 10 different metrics, the selected areas are projected to experience a boost in housing demand as mortgage rates are predicted to trend d
Instant Reaction: Housing Starts, December 19, 2023
As home builders ramp up production, more supply will reach the market. In November, single-family home construction rose 18% from the prior month and was up a hefty 42% from one year ago. Home builders’ sales have been up this year despite high mortgage rates due to the offer of incentives on buyin
Categories
Recent Posts
