Nothing New For Existing Home Sales

Existing-home sales held roughly steady in August after tepid uptick in July. That NAR reported a seasonally adjusted annual rate of 4.0 million , down 0.2% from July but 1.8% higher than a year ago. Sales have now hovered near 75% of pre-pandemic norms for three years, reflecting the same constrain

What Can Buyers Demand at Final Walk-through? Here’s How Sellers Can Prepare

The final walk-through is the buyer’s last opportunity to confirm the home is in the agreed-upon condition before closing. It’s when buyers check that repairs are finished, systems and appliances work properly, and the property is clean and damage-free. For sellers, understanding what can buyers dem

Did Rates Have Anything to do With Big Surge in Home Sales?

New home sales surged in August, breaking a two-year stretch of range-bound activity. The Census Bureau and HUD reported a seasonally adjusted annual rate of 800,000 , up 20.5% from July’s revised 664,000 and 15.4% above August 2024’s 693,000. This is the strongest monthly gain since the pandemic bo

Mortgage Apps Barely Advance Thanks to Previous Week's Momentum

Mortgage application activity technically hit another long-term high last week, but that's only because it was riding the coattails of the previous week's stellar momentum. According to MBA’s Weekly Applications Survey for the week ending September 19, total volume rose 0.6% on a seasonally adjusted