Close to one-fifth of homes for sale had list prices slashed in February, doubling the rate in the span of 12 months, according to new data from Realtor.com. More than 18% of listings had price cuts in February compared to approximately 9% one year ago. The limits that rising interest rates and inflation have placed … [Read more…]
New home sales rose yet again in February, jumping 1.1% month over month to seasonally adjusted annual sales pace of 640,000.
Limited availability of for-sale homes to start 2023 has created concerns among aspiring home buyers as spring begins, according to two new housing research reports. A little under 830,000 properties were on the market at some point in February, economists at Zillow said in its monthly housing report. The number is the second lowest figure … [Read more…]
Existing home sales rose in February for the first time in a year, climbing 14.5% to a sales pace of 4.58 million, but existing home sales were still down 22.6% on a yearly basis.
Pending home sales blew past expectations last month as buyers pounced on lower rates CNN