Economy - Finance > Sale

Nearly half of US homes are selling ridiculously fast, less than a week

26 days ago   |   By Inman

In April, 47 percent of homes for sale in the U.S. went under contract in less than a week. The squeeze is happening at various price points and in dozens of metro areas.
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Existing-Home Sales Declined in April, With a Tight Supply and Record Prices

26 days ago   |   By NY Times

It was the third straight monthly drop in transactions after a surge in transactions earlier in the pandemic.
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April US home sales fell as low inventory pushed up prices

April US home sales fell as low inventory pushed up prices

26 days ago   |   By Stl Today

Sales of previously occupied U.S. homes fell for the third straight month in April as the number of properties for sale hit a record low, driving prices to new highs.
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Comments on April Existing Home Sales

Comments on April Existing Home Sales

26 days ago   |   By Calculated Risk

Earlier: NAR: Existing-Home Sales Decreased to 5.85 million in April
A few key points:
1) This was the highest sales rate for April since 2006, and the 4th highest sales rate for April on record. Some of the increase over the last ten months was probably related to record low mortgage rates, a move away from multi-family rentals, strong second home buying , a strong stock market and favorable demographics .
Also, the delay in the 2020 buying season pushed the seasonally adjusted number to very high levels over the winter. This means there are going to be some difficult comparisons in the...
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Existing-home sales decline again as home prices grow to an all-time high

26 days ago   |   By Inman

Continuing inventory woes have hampered existing-home sales for the third consecutive month, according to a National Association of Realtors' market report released Friday.
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Sales of previously owned homes tumble in April as the supply shortage bites

Sales of previously owned homes tumble in April as the supply shortage bites

26 days ago   |   By Business Insider

Summary List Placement The housing market unexpectedly slowed - again - in April as a lack of adequate inventory and soaring prices hindered buying activity.
Sales of existing homes in the US dropped 2.7% last month to an annualized pace of 5.85 million units, the National Association of Realtors said Friday. The median estimate from economists surveyed by Bloomberg was for a jump to a 6.07 million unit rate. The drop marks a third straight decline, though sales are still up 20% year to date as massive demand locks horns with strained supply.
The median price for previously owned homes...
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April existing home sales drop, marking three straight months of declines

26 days ago   |   By CNBC

Home sales in April dropped unexpectedly, as extremely low supply stands in the way of strong demand.
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NAR: Existing-Home Sales Decreased to 5.85 million in April

NAR: Existing-Home Sales Decreased to 5.85 million in April

26 days ago   |   By Calculated Risk

From the NAR: Existing-Home Sales Decline 2.7% in April
Existing-home sales waned in April, marking three straight months of declines, according to the National Association of Realtors®. All but one of the four major U.S. regions witnessed month-over-month drops in home sales, but each registered double-digit year-over-year gains for April.
Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, slipped 2.7% from March to a seasonally-adjusted annual rate of 5.85 million in April. Sales overall jumped year-over-year, up 33.9%...
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