The numbers: As mortgage rates head towards 6%, would-be home buyers continue to stay on the sidelines, putting off purchases and refinances. Weak demand from buyers is reflected in the Market Composi...
Tag: homesellers
July existing-home sales fall for the sixth straight month, realtors see ‘housing recession’
The numbers: U.S. existing-home sales fell 5.9% to a seasonally adjusted annual rate of 4.81 million in July, the National Association of Realtors said Wednesday. This is the sixth straight monthly de...
Half of Provo home-sellers just slashed their asking price—these 19 housing markets aren’t far behind
Even in a hot housing market, it’s commonplace for some sellers to cut their list price. A seller might decide they want to test the market’s limits only to learn they got a bit too greedy...