Tag Archives: Existing-Home Sales

A new report has found that home sales and median prices have both dropped since July. 

Rise in sales found in the luxury market, with first-time buyers still struggling to find affordable starter homes as options.

An examination of existing-home sales by NAR will gauge the nation’s housing inventory, as high prices are forcing more to re-consider their purchase decisions.

For many consumers, the mortgage process is boiled down to a transactional experience focused on the lowest rate offers. Taking the longer view may yield a better outcome for borrowers.

A modest push in sales was overshadowed by a market that remains tight on inventory.

In an exclusive chat with MReport, Fannie Mae Chief Economist Doug Duncan dissects the elements creating the supply/demand imbalance in housing, and what solutions may lie ahead to remedy the situation.

NAR finds housing still in high demand as vaccinations are rolled out and stimulus measures are passed to start 2021.

In addition, first-time buyers accounted for more than a third of sales in December.

Commentary on the report says housing’s recovery “looks to be sustainable” as long as mortgage rates remain low and the labor market improves.

Analysis of the report adds the residential construction needs to “robustly ramp up” to meet buyer demand.