Housing Market Update: Pending Home Sales Drop 13% Year …

Sep 22, 2023 · Soaring costs have pushed pending home sales down 13% from a year ago. The total number of homes for sale is down 16%, as many homeowners stay put to keep relatively …

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Housing Market Update: Pending Home Sales Drop 13% Year …

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Sep 22, 2023 · Soaring costs have pushed pending home sales down 13% from a year ago. The total number of homes for sale is down 16%, as many homeowners stay put to keep relatively …

redfin.com

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Redfin Reports Pending Home Sales Drop 13% Year Over Year As …

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Sep 22, 2023 · 4 to 5 months of supply is considered balanced, with a lower number indicating seller’s market conditions. Share of homes off market in two weeks. 38% +0.3 pts. Median …

redfin.com

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Pending-home Sales Drop 13% From A Year Ago As Rates Stay High: …

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Sep 22, 2023 · Housing Market Real Estate Pending-home sales drop 13% from a year ago as rates stay high: Redfin ... median home prices rose 3.4% year over year to $374,975 during …

housingwire.com

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Housing Market Update: Pending Sales Post Biggest Decline In 4

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Feb 8, 2024 · 4 to 5 months of supply is considered balanced, with a lower number indicating seller’s market conditions. Share of homes off market in two weeks 33.3%: Up from 32%: …

redfin.com

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Pending Home Sales Drop 13% YOY As Mortgage Rates Stay …

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Sep 25, 2023 · 4 to 5 months of supply is considered balanced, with a lower number indicating seller’s market conditions. Share of homes off market in two weeks. 38% +0.3 pts. Median …

inbusinessphx.com

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Existing Home Sales Dip To 14-year-low As Prices Remain High

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Oct 23, 2024 · Home resales, which account for a large portion of U.S. housing sales, decreased 3.5% on a year-on-year basis in September. Sales fell 1.7% in the South, with some of the …

usatoday.com

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Bergen County Housing Market Report New Jersey - Rocket Homes

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Summary: Bergen County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.6%, 2 bedroom homes …

rockethomes.com

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Redfin Reports Pending Home Sales Drop 13% Year Over Year As …

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Sep 22, 2023 · Soaring costs have pushed pending home sales down 13% from a year ago. The total number of homes for sale is down 16%, as many homeowners stay put to keep relatively …

businesswire.com

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NAR: Pending Homes Sales Rise For A Fourth Straight Month

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1 day ago · The report found that pending home sales jumped 2.2% month over month and 6.9% year over year in November. November’s reading of 79.0 is the highest level for the PHSI …

housingwire.com

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New Jersey Real Estate Market: Predictions For 2025 - Houzeo

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Dec 12, 2024 · Median Days on Market: The median days on the market for homes for sale was 42 days, down 14 days YoY. Pending Sales: The number of homes for sale declined by 16.7% …

houzeo.com

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November Pending Home Sales Were Unchanged, Despite A Sharp …

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Dec 28, 2023 · The average rate on the 30-year fixed mortgage soared over 8% in mid-October but then dropped sharply to 7.5% in the first week of November.

cnbc.com

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North Jersey October Real Estate: Prices And Listings Update

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Nov 18, 2024 · Hudson County: 43 days on the market (up 21.13% from last year) Compared to September 2024, Sussex County saw the biggest increase in the time homes stayed on the …

hudsonreporter.com

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Falling Mortgage Rates Have Yet To Improve Home Sales, With

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Aug 29, 2024 · 4 to 5 months of supply is considered balanced, with a lower number indicating seller’s market conditions. Share of homes off market in two weeks 35.8%: Down from 41%: …

redfin.com

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Home Purchases Are Getting Canceled At Highest Rate In Almost A …

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Oct 23, 2023 · Pending home sales rose 1.3% month over month to the highest level in nearly a year on a seasonally adjusted basis as more listings hit the market. They were down 12.1% …

redfin.com

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2025-2029 Five-Year Housing Market Predictions | U.S. News …

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Dec 10, 2024 · Home Prices: After remaining nearly flat in 2023 but jumping 4.0% year-over-year through October 2024, home prices are forecast to continue rising moderately as more …

usnews.com

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Homebuyers Aren’t Yet Reacting To Lower Mortgage Rates, With …

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Aug 1, 2024 · 4 to 5 months of supply is considered balanced, with a lower number indicating seller’s market conditions. Share of homes off market in two weeks 37.6%: Down from 44%: …

redfin.com

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US Pending Home Sales Rise For Third Straight Month, NAR Says

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Nov 27, 2024 · The National Association of Realtors (NAR) said on Wednesday its Pending Home Sales Index, based on signed contracts, rose 2.0% last month to 77.4 - the highest since …

usnews.com

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US Pending Home Sales Hit 21-month High In November | Reuters

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1 day ago · The National Association of Realtors (NAR) said on Monday its Pending Home Sales Index, based on signed contracts, rose 2.2% last month to 79.0 - the highest since February …

reuters.com

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U.S. Home Prices Hit New All-Time High, Pushing Pending Sales

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Jul 3, 2024 · Pending sales: 87,160-4.6%: Biggest decline in 4 months: New listings: 100,989: 9.9%: Biggest increase in 2 months: Active listings: 967,516: 17.5%: Months of supply 3.3 …

redfin.com

FAQs about Housing Market Update: Pending Home Sales Drop 13% Year … Coupon?

Why did pending home sales fall 4 percent?

Pending home sales fell 4 percent for the year in the four weeks ending December 24, according to data from the real estate firm Redfin, in what was the smallest decline since March 2022. This development comes amid decelerating mortgage rates which at one point in October soared to their highest level in more than twenty years. ...

What happened to pending home sales in November?

Pending home sales in November were unchanged compared with October and 5.2% lower than November of last year, according to the National Association of Realtors. The average rate on the 30-year fixed mortgage soared over 8% in mid-October but then dropped sharply to 7.5% in the first week of November, according to Mortgage News Daily. ...

Why did home sales drop a 14-year low in September?

WASHINGTON, Oct 23 (Reuters) - U.S. existing home sales dropped to a 14-year low in September, weighed down by higher mortgage rates and house prices. The second straight monthly decline in home resales reinforced economists' views that the slump in residential investment, which includes homebuilding, deepened in the third quarter. ...

How will the next 5 years affect homebuyers and renters?

The next five years will be a challenging time for both homebuyers and renters. A bright spot for homebuyers could be a growing supply of newly built homes, with supply for new single-family homes on the rise. Home sales will remain constrained as long as mortgage rates stay over 6% but are expected to rise as mortgage rates and inflation decline. ...

What's going on with pending home sales?

Pending home sales rose 5.4% from a year earlier and all four regions saw month-over-month and year-over-year increases. "Homebuying momentum is building after nearly two years of suppressed home sales," said Lawrence Yun, the NAR's chief economist. ...

Is the housing market causing a rise in prices?

Daryl Fairweather, Redfin's chief economist, told Newsweek earlier this month that the U.S. housing market was 4 million homes short of demand, which exacerbates competition that leads to a rise in prices. Median mortgage payments at a 6.67 percent rate were at $2,400, an increase of more than 7 percent for the year. ...