“The U.S. housing market is stuck, and we are not convinced it will become unstuck anytime soon,” economists at Bank of America Global Research say of ongoing affordability issues.
Category: lawrence yun
Existing-home sales drop in March as high rates stun homebuyers
Existing-home sales retreated 4.3 percent between February and March to a seasonally adjusted annual rate of 4.19 million, according to data released Thursday by the National Association of Realtors.
Existing-home sales droop as mortgage rates hit 20-year highs
Home sales fell 2 percent between August and September and retreated 15.4 percent from a year ago as prices and interest rates climbed.