Housing Market News
Market Tracker
Pending Home Sales Post Record Drop in October as Deal Cancellations, Price Cuts Hit Record High
The historic slowdown may ease in the coming months if inflation continues to cool. Pending home sales fell the most on record in October and
Home Sales, Listings Plunge Over 20% in September—Most on Record Aside From Pandemic Start
Both buyers and sellers retreated in September as surging mortgage rates made moving more expensive. Still, home prices rose 8% year over year due to
Prospective Home Sellers and Buyers Retreated as Mortgage Rates Approached 6%
New listings fell 8% in August to their lowest level since May 2020. Prior to the onset of the pandemic, the last time so few homes hit the market was August 2012.
July Home Sales Dropped 19% Year Over Year to Lowest Level Since Mid-2020
Buyers backed off amid high mortgage rates and economic uncertainty. New listings were also down, with some prospective sellers staying put as price growth slowed.
Home Supply Is Up For The First Time In Nearly 3 Years
High mortgage rates are keeping homebuyers on the sidelines, leading to declining home sales and a build-up of supply.
Home Sales Post Rare May Decline as Mortgage Rates Rise
Home sales fell in May for only the second time on record, while home prices saw the smallest May increase on record.
Pending Home Sales Rise to Highest Level in a Year
New listings were near their six-month high in October, helping drive an increase in pending sales, though buyers backed out of deals at the highest
New Listings and Pending Sales Ticked Up in September, But Deals Fell Through at Highest Rate in Almost a Year
New listings inched up as some homeowners opted to cash out, fearing that elevated mortgage rates could drive a drop in home prices. Pending sales
Home Purchases Fell Through at the Highest Rate in Nearly a Year in August
Some homebuyers got cold feet as mortgage rates hit the highest level in over two decades and prices continued to rise, but buyer demand and
Pending Home Sales Ticked Up in July But Still Hovered Near Recent Low
Pending sales have stabilized following months of steep declines, but homebuyer demand remains below pre-pandemic levels as house hunters grapple with elevated mortgage rates, high
Homes Are Selling for Near-Record Highs as Supply Falls to New Low, Demand Picks Up
The median sale price was just 1.5% below its all-time high in June, and the average home sold for above its list price for the
There Were Fewer Homes for Sale in May Than Any Other Month on Record
The pool of homes for sale is shrinking because homeowners feel trapped by rising mortgage rates, with new listings down 25% to the third lowest
