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Tag Archives: home sales

Existing home sales drop in September, slowing hot summer pace

WASHINGTON — Americans bought fewer existing homes in September than the previous month, held back by higher mortgage rates and rising prices. The National Association of Realtors said Monday that sales of resold homes fell 1.9 percent last month to ...

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Realities of Real Estate: What goes up makes sales go down (access required)

Last week, we wrote about how the housing market had slowed significantly, most likely due to a sudden bump in mortgage rates. At that time, the data for August wasn’t yet available. Well, now the numbers are in, and they confirm our suspicions. August was indeed a lousy month for home sales.

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Realities of Real Estate: Mortgage rates fed by Fed (access required)

With the exception of those fortunate few who can pay cash for a house, the ups and downs of the mortgage rates are an integral part of buying a home. Sometimes qualification standards are low, but interest rates are high; and other times, such as today, interest rates are low, but qualification standards are high.

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