Housing Market

Starter-Home Sales Rose 4% in June, a Bright Spot in a Sluggish Housing Market

Starter-home sales rose 3.9% year over year in June to the highest level since June 2023 as sales fell in all other price tiers. Starter-home inventory climbed to the highest level since October 2019, but that didn’t stop prices from rising: The typical U.S. starter home sold for a record $260,000 in June, up 3.1% […]

1 in 7 Pending Home Sales Fell Through Last Month, The Highest June Level on Record

14.9% of pending home sales fell through in June, up from 13.9% a year earlier. Some buyers are backing out during the inspection period because a better home comes along, and some are nervous about making a major purchase in uncertain economic times.  Just over 57,000 home-sale agreements nationwide were canceled in June, equal to […]
Monthly Market Update

New Listings of U.S. Homes Fall to Lowest Level in Nearly Two Years

Sluggish homebuying demand and a pileup of inventory are deterring prospective home sellers, some of whom are opting to rent their homes out instead of sell. Existing-home sales hit a nine-month low as record-high home prices dissuaded buyers. Home sales, prices and listings are holding up relatively well in the Rust Belt, which has attracted […]
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