Housing Market

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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Weekly Market Update

Pending Sales Fall as U.S. Home Prices Hit Another Record High

Pending sales fell 3.5% year over year during the four weeks ending July 6. That was the second biggest decline since early February, trailing only last week’s 4.1% fall. The median U.S. home sale price hit a record $399,633, up 1% year over year.   There were some encouraging signs for sellers with mortgage purchase […]
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