articles november-sees-the-lowest-level-of-new-home-sales-in-a-year 
Housing Wire
DECEMBER 28, 2023
Pending home sales in November were largely unchanged from October’s levels, a month that saw the lowest pending sales since 2001. NAR’s Pending Home Sales Index (PHSI) recorded a minor increase to 71.6 in November, from 71.4 Year over year, pending sales dropped 5.2%.
Housing Wire
APRIL 18, 2024
Existing home sales fell in today’s report , which isn’t surprising, but one headline that shocked some people was that home prices are still up year over year, even with higher inventory and higher mortgage rates. from the previous year ($375,300). NAR: Total existing-home sales receded 4.3%
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Housing Wire
JANUARY 19, 2024
Today, we saw existing home sales slip a bit month to month, which isn’t surprising to me as purchase application data started its positive run in November. That data line typically looks out 30-90 days for sales — it doesn’t move as fast as some people think. From NAR : Existing-home sales waned 1.0%
Housing Wire
FEBRUARY 10, 2024
So far in 2024, fewer homes are taking price cuts than in 2023, and this trend is on the verge of breaking below the 2023 lows in price cuts percentages. While weekly inventory is still falling, we have year-over-year growth in total active listing and new listings data. What is all this data pointing to?
Housing Wire
FEBRUARY 4, 2024
It’s not what I wanted to see in 2024, but I have to be realistic since we are already in February. In the last four years, we have had abnormal seasonal inventory data, meaning that the spring inventory bottom happens later in the year. Also, when mortgage rates rise, the inventory peak happens later in the year.
Housing Wire
JULY 2, 2023
Housing inventory finally broke under 2022 levels last week. To give you an idea how different this year is from last year, last week in 2022, active listings grew 30,940 while this year they only grew 5,848. Since May 15, that trend has continued to the point that inventory in America is now negative year over year.
Cleveland Appraisal Blog
JANUARY 5, 2023
We all needed some rest from the crazy housing market we’ve experienced in recent years. Like most markets across the country, the Cleveland area housing market has been red hot for the past few years. The data below reflects all single-family pending sales trends by month in Cuyahoga County over the past 10 years.
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