Existing Home Sales
It can be difficult to wrap your head around all the various signals in the housing market these days. What does it mean that new home sales are going up? Prices coming down is a good thing, right? Is the upcoming end of Jerome Powell’s term as chair of the Federal Reserve a big deal?…
By Ryan Casey Stephens, FPQP®Special Contributor Each week in December we’ll take a deep dive into one report that moves markets and impacts mortgage rates. With Christmas behind us, it’s all eyes on New Year’s Eve. I love this season because we focus on the year behind us, we party with those who mean the…
From Staff Reports With supply chain issues plaguing home builders and rates forecasted to increase throughout 2022, more buyers than ever rushed to the market to buy an existing home. The statistics, which come from the November existing home sales report from the National Association of Realtors, show that existing home sales increased by 1.9…
From Staff Reports After accounting for seasonal factors, existing homes sold through Texas Multiple Listing Services fell to their lowest level since 2012 amid public health precautions and social distancing measures. “The month of May marked the housing market’s deepest decline thus far during the ongoing COVID-19 pandemic,” said Dr. James Gaines, chief economist for…
