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Existing home sales expanded 0.8% in November, ending five-month slide

Existing-home sales grew in November, breaking a streak of five consecutive monthly declines, according to the National Association of Realtors. Among the four major U.S. regions, sales climbed in the Midwest and South but receded in the Northeast and West. All four regions experienced year-over-year sales decreases. Total existing-home sales– completed transactions that include single-family homes,…

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New NAR survey finds Americans prefer walkable communities 

The National Association of Realtors released a new survey revealing that Americans living in walkable communities report a higher quality of life. The 2023 Community & Transportation Preferences Survey is a national poll taken every three years to gauge people’s partialities regarding their home's location or potential location as well as community attributes they find desirable.  “With COVID in…

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Baby Boomers overtake Millennials as largest generation of home buyers

Generation Z’s share of buyers rises to 4% The share of baby boomers has surpassed millennials and now makes up the largest generation of home buyers, according to the latest study from the National Association of Realtors.  The 2023 Home Buyers and Sellers Generational Trends report, which examines the similarities and differences of recent home buyers and…

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Pending home sales grew for third straight month, up 0.8% in February

Pending home sales grew in February for the third consecutive month, according to the National Association of Realtors. Three U.S. regions posted monthly gains, while the West declined. All four regions saw year-over-year decreases in transactions. The Pending Home Sales Index (PHSI) – a forward-looking indicator of home sales based on contract signings – improved 0.8% to 83.2 in February. Year-over-year,…

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Existing-home sales surged 14.5% in February, ending 12-month streak of declines

Largest monthly percentage increase since July 2020 Existing-home sales reversed a 12-month slide in February, registering the largest monthly percentage increase since July 2020, according to the National Association of Realtors (NAR). Month-over-month sales rose in all four major U.S. regions. All regions posted year-over-year declines. Total existing-home sales completed transactions that include single-family homes, townhomes,…

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