US home sales fell 0.4% in April amid limited supply

Business 05/21/19, 09:48

U.S. home sales slipped 0.4% in April, as would-be homebuyers face affordability challenges and a limited supply of starter houses.The National Association of Realtors said Tuesday that existing homes sold at a seasonally adjusted annual rate of 5.19 million last month, down from 5.21 million in March.Home sales have struggled ...

US pending home sales rose 3.8% in March

Business 04/30/19, 09:31

More Americans signed contracts to purchase homes in March compared to the prior month.The National Association of Realtors says that its pending home sales index climbed 3.8% to 105.8. Home sales have been recovering as mortgage rates have retreated after the average 30-year rate peaked at just below 5% in ...

This Week: US home sales, Tesla earns, Amazon earns

Business 04/22/19, 00:05

A look at some of the key business events and economic indicators upcoming this week:HOUSING MARKET BELLWETHEREconomists project that sales of previously occupied homes declined in March from a month earlier.U.S. home sales surged 11.8% in February, aided by accelerating wages and falling mortgage rates, a combination that's helped improve ...

Pending US home sales slip last month after big January gain

Business 03/28/19, 10:00

Fewer Americans signed contracts to purchase homes in February after a big gain the previous month.The National Association of Realtors says that its pending home sales index slipped 1 percent to 101.9. That followed a 4.3 percent jump in January, which came after average mortgage rates fell from a recent ...

US existing-home sales jumped 11.8 percent in February

Business 03/22/19, 11:01

U.S. home sales soared 11.8 percent in February, aided by accelerating wages and falling mortgage rates that are improving affordability.The National Association of Realtors said Friday that existing homes sold at a seasonally adjusted annual rate of 5.51 million last month, a decisively sharp rebound from a pace of 4.94 ...

Home affordability watch: Priciest and cheapest time zones

Business 03/07/19, 10:51

Cities in the Pacific time zone have the least-affordable housing in the country, and the Central time zone has the most-affordable housing.Each quarter, NerdWallet calculates the home affordability for 178 metropolitan areas, matching the list of metros for which the National Association of Realtors publishes median home prices. This quarter, ...

US pending home sales rebounded 4.6 percent in January

Business 02/27/19, 10:02

More Americans signed contracts to buy homes in January as lower mortgage rates appeared to give the real estate market a boost.The National Association of Realtors says its pending home sales index rose 4.6 percent last month to 103.2. The rebound has come as average 30-year mortgage rates have fallen ...

US home sales tumbled 1.2 percent in January

Business 02/21/19, 10:01

U.S. home sales fell 1.2 percent in January to their worst pace in more than three years, as persistent affordability problems have put a harsh chill in the real estate market.The National Association of Realtors says that sales of existing homes declined 1.2 percent to a seasonally adjusted annual rate ...

US pending home sales fell 2.2 percent in December

Business 01/30/19, 10:02

Fewer Americans signed contracts to buy homes in December with affordability pressures causing interest from would-be buyers to fall.The National Association of Realtors says its pending home sales index fell 2.2 percent last month to 99, its lowest reading since April 2014. The index based on contract signings has plunged ...

US home sales plummeted 6.4 percent in December

Business 01/22/19, 10:01

U.S. home sales cratered in December, causing price growth to slip to the lowest level in nearly six years as the housing sector ended 2018 on a decidedly weak note.The National Association of Realtors says that sales of existing homes plunged 6.4 percent to a seasonally adjusted annual rate of ...

US pending home sales slipped 0.7 percent in November

Business 12/28/18, 10:27

Fewer Americans signed contracts to buy homes in November as higher mortgage rates and prices continued to squeeze would-be buyers out of the market.The National Association of Realtors said Friday that its pending home sales index dipped 0.7 percent last month to 101.4. The index based on contract signings has ...

US home sales rose 1.9 percent in November

Business 12/19/18, 11:08

U.S. home sales increased in November for the second straight month, but sales plummeted 7 percent from a year ago amid growing affordability pressures.The National Association of Realtors said Wednesday that sales of existing homes rose 1.9 percent to a seasonally adjusted annual rate of 5.32 million last month. But ...

Home affordability watch: price tags in midsize metros

Business 11/22/18, 11:37

Big coastal cities have some of the highest house prices in the country. In comparison, medium-size cities are often relative bargains. But not always.Each quarter, NerdWallet calculates home affordability for 172 metropolitan areas for which the National Association of Realtors publishes home prices. NerdWallet narrowed its focus this quarter to ...

US home sales rise 1.4 percent, snap 6-month losing streak

Business 11/21/18, 10:02

U.S. home sales rose in October, breaking a six-month losing streak. But sales are still down from a year ago, hurt by rising interest rates.The National Association of Realtors says that sales of existing homes climbed 1.4 percent to a seasonally adjusted annual rate of 5.22 million last month from ...

US pending home sales nudged upward in September

Business 10/25/18, 06:12

Pending home sales rose slightly in September, but contract signings are depressed from a year ago as affordability has become a greater challenge for would-be buyers.The National Association of Realtors said Thursday that its pending home sales index increased 0.5 percent last month to 104.6. But over the past year, ...

US home sales fell in September to slowest pace in 3 years

Business 10/19/18, 10:15

U.S. home sales fell for the sixth straight month in September, a sign that housing has become a weak spot for the economy.The National Association of Realtors says sales declined 3.4 percent last month, the biggest drop in 2 ½ years, to a seasonally adjusted annual rate of 5.15 million. ...

US pending home sales fell in August

Business 09/27/18, 10:13

Pending home sales slipped in August as fewer Americans signed contracts to purchase a house, the fourth decline in the past five months.The National Association of Realtors says that its pending home sales index fell 1.8 percent last month to 104.2. This measure of contract signings has tumbled 2.3 percent ...

US home sales were flat in August

Business 09/20/18, 10:15

U.S. sales of existing homes were unchanged in August, as a shortage of houses priced at less than $250,000 — a level considered to be affordable for the middle class — has become a drag on the real estate market.The National Association of Realtors said Thursday that homes sold last ...

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