NAR reports that existing-home sales nationwide faded for the ninth straight month to a seasonally adjusted annual rate of 4.43 million.
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Mobile Home Values Neck-and-Neck with Single-Family Homes
A new study from LendingTree found that mobile homes are much less expensive than single-family homes, offering homebuyers a cheaper alternative in purchasing. However, data revealed that mobile homes appreciated in value almost as quickly as single-family homes nationwide from 2016 to 2021.
Read More »Median Sales Price Surpass Record $400k
While existing-home sales fell 3.4% in May, median sale prices exceeded $400,000 for the first time, representing a nearly 15% increase from 2021.
Read More »The Week Ahead: Where Is the Housing Market Going in Q4?
After months of record home sales, fierce bidding wars, and low rates, the market has cooled as supply has dwindled, and more are opting to see where the market settles.
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