Tag #Home Sales

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US Home Sales Plummet 6% in March Amidst High Mortgage Rates

US existing home sales dropped 6% in March 2025, the largest monthly decline in nearly two and a half years, due to high mortgage rates around 6.8% and elevated home prices, impacting the spring home-buying season and making homeownership unaffordable for many.

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us.cnn.com
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US Housing Market Shifts Towards Buyers This Spring

The US housing market is shifting in favor of buyers this spring, with a six-year high of 3.7 months of for-sale inventory in January, although regional differences persist, with some areas still favoring sellers intensely.

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edition.cnn.com
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US Existing Home Sales Plunge to Near Three-Decade Low in 2024

US existing home sales in 2024 fell to 4.06 million, the lowest since 1995, driven by high home prices (median $407,500) and mortgage rates (peaking at 7.22%), despite a slight December rise; a housing shortage of 3.7 million units and the 'lock-in effect' further constrain the market.

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cnbc.com
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Increased Housing Supply in November 2024, but Many Listings Remain Unsold

Despite a 12.1% increase in active home listings in November 2024 compared to November 2023—the highest since 2020—over half (54.5%) remained unsold for at least 60 days, indicating pricing or condition issues despite increased supply and higher pending sales.

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nbcnews.com
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Optimal Home Selling Timeframes in 2024 Vary Regionally

According to Realtor.com and Zillow, selling a home between April 13-19, 2024, or in the last two weeks of May could yield a significant price premium, although the optimal timing varies regionally and is influenced by factors beyond mortgage rates.

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abcnews.go.com
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U.S. Home Sales Fall in January Amid High Mortgage Rates

January's U.S. pre-owned home sales fell 4.9% to 4.08 million units, a decline attributed to high mortgage rates around 7% and a median home price of $396,900; however, unsold homes increased to 1.18 million units.

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cnn.com
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US Existing Home Sales Plunge to Near 30-Year Low

US existing home sales in 2024 hit a near three-decade low of 4.06 million due to record-high home prices ($407,500 median) and elevated mortgage rates (peaking at 7.22%), although December saw a slight increase, and experts predict continued challenges in 2025.

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theglobeandmail.com
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Canadian Home Sales Surge 26 Percent Amidst Lower Interest Rates

Fueled by five interest rate cuts and relaxed mortgage rules, Canadian home sales jumped 26 percent year-over-year in November, with economists predicting continued strong activity in 2025 despite affordability challenges; however, this boom is expected to subside in the first half of 2025.

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48% Bias Score

Reduced Inequality

Showing 13 to 20 of 20 results