Existing-Home Sales Soar at a Record Pace in July as Americans Make Up for Lost Time—but Two Big Caveats Remain

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The national median home price surpassed $300,000 for the first time on record, according to the National Association of Realtors

The post Existing-Home Sales Soar at a Record Pace in July as Americans Make Up for Lost Time—but Two Big Caveats Remain appeared first on Real Estate News & Insights | realtor.com®.

New Home Sales Surged in May as Buyers Scrambled to Find Properties for Purchase

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Compared with the previous year, new home sales were up 12.7% in May. April’s new-home sales figures, meanwhile, saw a significant downward revision.

The post New Home Sales Surged in May as Buyers Scrambled to Find Properties for Purchase appeared first on Real Estate News & Insights | realtor.com®.

New Home Sales Surged in May as Buyers Scrambled to Find Properties for Purchase

realtyexperts Real Estate News

Compared with the previous year, new home sales were up 12.7% in May. April’s new-home sales figures, meanwhile, saw a significant downward revision.

The post New Home Sales Surged in May as Buyers Scrambled to Find Properties for Purchase appeared first on Real Estate News & Insights | realtor.com®.

May U.S. Home Sales Dropped 9.7% as Pandemic Kept Shoppers Indoors

realtyexperts Real Estate News

Record-low interest rates have lured buyers off the sidelines in recent weeks, economists and brokerages say, and they expect sales to pick up starting in June.

The post May U.S. Home Sales Dropped 9.7% as Pandemic Kept Shoppers Indoors appeared first on Real Estate News & Insights | realtor.com®.

May U.S. Home Sales Dropped 9.7% as Pandemic Kept Shoppers Indoors

realtyexperts Real Estate News

Record-low interest rates have lured buyers off the sidelines in recent weeks, economists and brokerages say, and they expect sales to pick up starting in June.

The post May U.S. Home Sales Dropped 9.7% as Pandemic Kept Shoppers Indoors appeared first on Real Estate News & Insights | realtor.com®.

Coronavirus Leads to Worst Home Sales in a Decade—What This Means for Buyers, Sellers

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Existing-home sales hit their lowest levels in a decade as the coronavirus pandemic continued to play havoc on the housing market.

The post Coronavirus Leads to Worst Home Sales in a Decade—What This Means for Buyers, Sellers appeared first on Real Estate News & Insights | realtor.com®.

U.S. Home-Price Growth Accelerated. Then Housing Market’s Momentum Was Hit by Coronavirus

realtyexperts Real Estate News

Metrics for home-price growth, homeownership, and existing-home sales were all on the upswing in February, but then the coronavirus came along and upended everything.

The post U.S. Home-Price Growth Accelerated. Then Housing Market’s Momentum Was Hit by Coronavirus appeared first on Real Estate News & Insights | realtor.com®.

U.S. Home-Price Growth Accelerated. Then Housing Market’s Momentum Was Hit by Coronavirus

realtyexperts Real Estate News

Metrics for home-price growth, homeownership, and existing-home sales were all on the upswing in February, but then the coronavirus came along and upended everything.

The post U.S. Home-Price Growth Accelerated. Then Housing Market’s Momentum Was Hit by Coronavirus appeared first on Real Estate News & Insights | realtor.com®.

Existing-Home Sales Slump 8.5% in March—but the Worst Is Yet to Come as the Coronavirus Hits the U.S. Housing Market

realtyexperts Real Estate News

Sales slowed in March before most states were under stay-at-home orders, suggesting even slower sales activity will be reflected in the data in future months.

The post Existing-Home Sales Slump 8.5% in March—but the Worst Is Yet to Come as the Coronavirus Hits the U.S. Housing Market appeared first on Real Estate News & Insights | realtor.com®.