homesales

US Home Sales Hit Record Low as Pending Deals Decline

1 month ago

According to the latest data, home sales in the United States fell to a record low in January 2023, reflecting the ongoing impact of rising mortgage rates and high inflation. Market research indicates that the number of pending home sales dropped by 9% compared to the previous year, marking the lowest level since record-keeping began. Real estate experts point out that continuing economic stress is putting pressure on consumers, which in turn affects housing demand.

US Existing Home Sales Surge: A Break in the Five-Month Downtrend

7 months ago

The latest report from the National Association of Realtors reveals a significant increase in existing home sales in the U.S., marking the first positive news for the industry in five months. In July 2023, sales rose by 2.2% compared to the previous month, totaling 5.17 million units. However, sales remain 18.6% lower than in the same month last year.