Tag: U.S. housing market

Pending home sales for August were down 7.1% from the previous month, data from the National Association of Realtors revealed. This far outpaces the 1% decline projected by Bloomberg economists and is also a stark contrast from the 0.9% monthly increase recorded in July. Several...

Sales of new U.S. single-family homes plunged in August as the 30-year mortgage rate rose past 7%, thereby discouraging would-be buyers. According to data from the Commerce Department on Tuesday, new home sales declined by 8.7% to a seasonally adjusted rate of 675,000 units,...

Home prices rose for a sixth consecutive month in July, with the S&P Case-Shiller US National Home Price Index reaching an all-time high, surpassing its previous record in June 2022. The index rose 0.6% from the previous month and 1% on a year-over-year basis....

Home prices in the United States are expected to become increasingly more unaffordable over the course of 2023 and 2024, the American Enterprise Institute (AEI) Housing Center has claimed. In its recent Housing Market Indicators report, the think tank estimated that home prices would...

Home prices increased in April for a third consecutive month, data released on Tuesday showed. This signals that the housing market is on the path to recovery. The S&P CoreLogic Case-Shiller US National Home price index increased by 0.5% in April on a seasonally adjusted...

The U.S. housing market appears to be becoming increasingly favorable for homebuilders, the National Association of Home Builders (NAHB)/Wells Fargo housing market index released on Monday revealed. Rising from 50 to 55 in June, this is the first time in 11 months that the index...