Sales Of Us Existing Homes Up 4.9 Percent In May

Potential buyers have been grappling with a limited supply of houses, more expensive homes and lending standards which have been tightened in response to the housing boom of the past decade which resulted in millions of houses going into foreclosure. The pace of home sales is below the 5.1 million homes sold in 2013 and off the pace of 5.5 million annual sales that would be consistent with a healthy housing market. Sales of existing homes began to slow in the second half of 2013 as mortgage rates crept up from historic lows, but home prices continued to rise due to a lack of available homes for sale.

Topics:  sales   existing homes   houses   housing   million   pace   
BING NEWS:
  • Kadi Brown: GCR President's October Market Report
    The housing market continues to demonstrate robust growth, with the Median Sales Price rising by 11.1 percent, from $314,900 to $350,000. This notable increase reflects both the ongoing demand for ...
    11/14/2024 - 3:19 am | View Link
  • Sales rises as home prices fall in Carson
    Carson City had 68 sales of existing single-family homes, a 15.3 percent increase from the previous month and a 28.3 percent increase from last year.
    11/14/2024 - 2:38 am | View Link
  • Manufactured homes are surging in popularity — and you can order them on Amazon or Facebook
    When Julie Johnson and her husband decided to purchase their own home, they turned to an unexpected place: Facebook Marketplace.
    11/10/2024 - 10:00 pm | View Link
  • Top 10 Cities With the Most New-Construction Homes—and They're Affordable, Too
    The post Top 10 Cities With the Most New-Construction Homes—and They're Affordable, Too appeared first on Real Estate News & Insights | realtor.com®.
    11/9/2024 - 10:59 pm | View Link
  • Home sale prices rise again in Southern Nevada, report says
    Home sales and the number of new listings on the market in Southern Nevada are on the rise, according to the latest statistics from Las Vegas Realtors.
    11/6/2024 - 2:39 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News