WASHINGTON (Reuters) - New single-family home sales unexpectedly fell in June, but a sharp rise in prices and declining supply suggested the market for new houses was starting to stabilize, a government report showed on Tuesday.
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BING NEWS:
- Lancaster County home prices near record high in March; median price hits $325K
Home prices in Lancaster County surged in March at the beginning of the typically busy home sales season that this year is poised to see prices top the all-time record ...
04/19/2024 - 10:00 pm | View Link - Residential property transactions fall 18% in first quarter as higher borrowing costs bite
Report by property start-up Geowox highlights steep decline in transactions on back of 10 straight ECB interest rate hikes ...
04/19/2024 - 6:00 pm | View Link - Home sales get hammered by higher mortgage rates, but one region is holding up
Sales of existing homes were mostly down across the nation. Sales only rose in the Northeast by 4.2%. The median price of a home in the region was $434,600. NAR said that the increase was partly ...
04/18/2024 - 3:54 am | View Link - Sluggish start for spring homebuying season as home sales fall in March with mortgage rates rising
The spring homebuying season is off to a sluggish start as home shoppers contend with elevated mortgage rates and rising prices. Sales of previously occupied U.S. homes fell ...
04/18/2024 - 3:01 am | View Link - Home prices skyrocketed 40% during the pandemic—but Zillow sees them rising less than 2% this year
It’s “slower than long-term norms but a welcome slowdown for first-time buyers compared to the rapid appreciation seen over the pandemic,” Zillow said.
04/17/2024 - 7:17 am | View Link - More
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