Tag Archives: Lawrence Yun

The rise in interest rates and inflationary pressure have taken a toll on home purchases, as the sale of existing homes continues to slide.

Limited inventory and high demand continue to push the number of pending home sales downward, with contract signings down across all regions month-over-month, except for the Northeast.

Continuing a pattern of recent rises and declines over the last few months, existing home sales dropped in February 2022 according to the Existing Home Sales Report from ...

While pending home sales in the west rose, the other three major regions experienced declines.

Low housing supply and rising prices sent pending sales downward as contract signings dropped in all regions of the nation.

A new report has found that eager home buyers are anticipating a rise in rates with home sales on the upswing in November.

As mortgage rates begin to ascend, overall mortgage purchase and refinance application volume has begun to tail off.

NAR reports that pending home sales rose in October, with buyers fearing a spike in rates took advantage of the limited supply available.

A slight month-over-month uptick of 0.8% in October continued the trend of a second straight month of gains for this metric.

Continued shortages in building materials, labor, and land contributed to a monthly decline in October new housing starts.