Tag Archives: Interest Rates

Existing Home Sales Stutter Slightly in May, Down 0.9 Percent, But Median Price Surges to an All-Time Record Greater Than $350,000

Existing home sales slipped 0.9 percent in May 2021 compared to April based on the Seasonally Adjusted Annualized Rate (SAAR) according to the National Association of Realtors® (NAR). Actual closings in May 2021 (not seasonally adjusted) were up 2.9 percent vs April.   Given the plunge in sales from April to June in 2020 due to …Read more

Housing Sales Buoyed by Record-Low Interest Rates

Housing today has the greatest intrinsic and price values in our lifetimes as we spend more time than ever before at home.   Median home prices rose a phenomenal 14.5 percent to $310,800 in the 12-months ending November 2020 according to the National Association of Realtors (NAR), with year-over-year sales of existing properties up 25.8 percent.  …Read more