Latest news with #Realtors
Wall Street Journal
14 hours ago
- Business
- Wall Street Journal
Pending Home Sales Fell Unexpectedly in June
The number of homes going under contract in the U.S. unexpectedly declined in June, as high prices and mortgage rates persist, according to a monthly index. Here are the main takeaways from the National Association of Realtors' report released Wednesday:
Yahoo
15 hours ago
- Business
- Yahoo
US pending home sales fall more than expected in June
WASHINGTON (Reuters) -Contracts to buy previously owned U.S. homes dropped more than expected in June, weighed down by higher mortgage rates. The National Association of Realtors said on Wednesday pending home sales, based on signed contracts, fell 0.8% last month. Economists polled by Reuters had forecast contracts, which become sales after a month or two, advancing 0.3%. Pending home sales decreased 2.8% from a year earlier. "The data shows a continuation of small declines in contract signings despite inventory in the market increasing," said Lawrence Yun, the NAR's chief economist. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16 hours ago
- Business
- Yahoo
US pending home sales fall more than expected in June
WASHINGTON (Reuters) -Contracts to buy previously owned U.S. homes dropped more than expected in June, weighed down by higher mortgage rates. The National Association of Realtors said on Wednesday pending home sales, based on signed contracts, fell 0.8% last month. Economists polled by Reuters had forecast contracts, which become sales after a month or two, advancing 0.3%. Pending home sales decreased 2.8% from a year earlier. "The data shows a continuation of small declines in contract signings despite inventory in the market increasing," said Lawrence Yun, the NAR's chief economist. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
16 hours ago
- Business
- Reuters
US pending home sales fall more than expected in June
WASHINGTON, July 30 (Reuters) - Contracts to buy previously owned U.S. homes dropped more than expected in June, weighed down by higher mortgage rates. The National Association of Realtors said on Wednesday pending home sales, based on signed contracts, fell 0.8% last month. Economists polled by Reuters had forecast contracts, which become sales after a month or two, advancing 0.3%. Pending home sales decreased 2.8% from a year earlier. "The data shows a continuation of small declines in contract signings despite inventory in the market increasing," said Lawrence Yun, the NAR's chief economist.
Daily Mail
3 days ago
- Business
- Daily Mail
California's most affordable city comes with a secret downside
The facility - High Desert State Prison - has been one of the region's largest employers since it opened in 1995. But long before the prison arrived, Lassen County was known for something else entirely. 'It's a very rural town known for cattle ranching and timber harvesting,' Taylor said. 'That's what it was built on - it was strictly ranching before the prison came in.' Most homes, he added, are selling below asking price, typically within 5 to 10 percent of list. Lassen isn't the only county offering relative bargains – four others also posted median home prices well below the statewide average, according to the Realtors' report. Lake County at $301,380; Trinity County at $311,000; Siskiyou County at $315,000; and Plumas County at $328,750 are the most affordable in the state.
