U.S. new home sales rise despite higher mortgage rates · PERT Florida Real Estate School

Despite the general narrative surrounding the Millennial generation and home buying (that they would rather rent because they.

While a 2018 Zillow study indicates single women can only afford to purchase 39 percent of U.S. homes on the market, they are buying them at a rate that far exceeds that of single men, who are able to purchase more than half of the homes currently for sale.. professionals in the real estate.

Commerce Dept.: New home sales rose 6.1% in Feb. to the fastest pace since July, up about 13% from a year ago. Builders also have ramped up new-home construction. source: florida realtors Related Posts:New Home Sales Up 12.7% From Last YearU.S. home construction jumps 9.7% in januaryfla. housing market: sales, median prices up in JulyJuly [.]

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Track markets and read the latest headlines for the U.S. real estate and housing markets. indexes include house prices, mortgage rates, days on market, and more. The HomeArea.com Real Estate Market Monitor. New home sales rise in June after two months of declines.

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Last February scored a seventh-month high for the new residential housing market as more new homes were sold despite higher borrowing costs. This is according to the latest monthly new residential sales data jointly released by the U.S. Census Bureau and the Housing and Urban Development.. Buying a home this year?

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Housing Sales slumped 8.5% from one year ago, the lowest sales since 2015. Prices still rose another 2.8% to a median of $247,500 nationwide. The real story was the drop in lower priced homes as depicted in this graphic from NAR. With low mortgage rates, it’s believed sales will once again grow. 60,000 more homes were on the market.

What Happens to Home Sales When Interest Rates Rise?. to go into a frenzy at the thought of interest rates rising. Real estate agents, more prevalent during the initial period of rising interest rates because they want to secure a new home before rates become higher than they can afford.

The pronounced slowdown in U.S. home sales in the second half of 2013 was primarily caused by a rise in mortgage rates that made borrowing more expensive for potential home buyers, according to.