According to Lawrence Yun, the chief economist of the National Union of Realtors, the Contractors are struggling to meet the demand of entry-level buyers, while new home sales will probably reach the highest level in 12 years. Existing property sales are likely to be stable, he said. The number of new homes sold in 2019, …
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U.S Existing-home sales rebound strongly in September : NAR
Existing-home sales rebounded strongly in September and were propelled by sales from first-time buyers reaching a 34 percent share, which is a high not seen in over four years, according to the National Association of Realtors. All major regions saw an increase in closings last month, and distressed sales fell to a new low of …
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U.S pending home sales retreat in August, says NAR
After bouncing back in July, pending home sales cooled in August for the third time in four months and to their lowest level since January, according to the National Association of Realtors. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, declined 2.4 percent to 108.5 in August from a downwardly …
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NAR : U.S existing home sales lose steam in July
Slowed by frustratingly low inventory levels in many parts of the country, existing-home sales lost momentum in July and decreased year-over-year for the first time since November 2015, according to the National Association of Realtors. Only the West region saw a monthly increase in closings in July. Total existing-home sales, which are completed transactions that …
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