Existing home sales rose in July as homebuyers returned to the market and mortgage rates were at their lowest levels since February. Existing home sales rose 1.3 percent from June to a seasonally adjusted annual rate of 3.95 million, the National Association of Realtors said Thursday, halting a four-month decline in sales that began in […]
Real estate stocks are rising following Federal Reserve Chairman Jerome Powell’s dovish comments at the Jackson Hole Economic Symposium on Friday that hinted at impending rate cuts that could impact mortgage rates, along with surprisingly strong new home sales data for the month of July. As the U.S. housing market needs relief, HousingWire senior analyst […]
The sales report for existing properties for July from the National Association of Real Estate Agents (NAR) has good news and bad news. The good news is that existing home sales rose 1.3% month-over-month to a seasonally adjusted annual rate of 3.95 million, ending a four-month streak of declines. The bad news is that they […]
Existing home sales rose in July as homebuyers returned to the market and mortgage rates were at their lowest levels since February. Existing home sales rose 1.3 percent from June to a seasonally adjusted annual rate of 3.95 million, the National Association of Realtors said Thursday, halting a four-month decline in sales that began in […]
Homeowners are still waiting for breaks in renovation projects. The high interest rates of recent years have forced millions of Americans to limit or postpone their plans to remodel or renovate their homes. “The higher interest rates have started to impact the housing market, particularly housing sales, which are down about 40%. And I think […]
