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Existing-Home Sales Climb Again in January, Reaching Highest Level in 10 Months

By Helen Adams Realty - February 21, 2025

Canopy Realtor® Association Market Updates Reprinted from January 2025 CRRA Monthly Indicators U.S. existing-home sales advanced for the third straight month in January, climbing 2.2% to a seasonally adjusted annual rate of 4.24 million units, a 10-month high, according to the National Association of REALTORS® (NAR). Sales were up 9.3% year-over-year, driven largely by purchases of homes priced

Introlend Monthly Mortgage Outlook - February 2025

By - February 21, 2025

As of mid-February 2025, the U.S. housing market continues navigating a complex landscape shaped by inflation, elevated mortgage interest rates, and an uncertain economic outlook influenced by recent policy changes. The average rate for a 30-year fixed mortgage stands at approximately 6.87%, reflecting a slight decrease from the previous week. While we, of course, look forward to lowered costs of

Introlend Monthly Mortgage Outlook - Jan 2025

By Helen Adams Realty - January 21, 2025

In the first weeks of the new year, we've experienced a slight upward trend in mortgage interest rates. According to Freddie Mac, the average 30-year fixed mortgage rate surpassed 7% for the first time since May 2024. These increases are attributed to the underlying strength of the economy as evidenced by recent jobs reports and inflation data released by the Labor Department. Regarding the Fede

U.S. Home Sales Rebound in January as Prices and Inventory Rise

By Helen Adams Realty - January 20, 2025

Canopy Realtor® Association Market Updates Reprinted from December 2024 CRRA Monthly Indicators U.S. existing-home sales improved for the second consecutive month in January, rising 4.8% to a seasonally adjusted annual rate of 4.15 million units, an eight-month high, according to the National Association of REALTORS® (NAR). Sales were up 6.1% compared to the same time last year, marking the larg

Introlend Monthly Mortgage Outlook - Dec 2024

By Helen Adams Realty - December 20, 2024

As of December 19, 2024, the U.S. housing market is experiencing notable fluctuations in mortgage interest rates, influenced significantly by recent actions and projections from the Federal Reserve. The Federal Reserve recently reduced its benchmark interest rate by 0.25 percentage points, bringing it to a target range of 4.25% to 4.5%. This marks the third consecutive rate cut in 2024, following

U.S. Home Sales See First Annual Gain Since 2021; Charlotte Market Surges

By Helen Adams Realty - December 20, 2024

Canopy Realtor® Association Market Updates Reprinted from November 2024 CRRA Monthly Indicators U.S. existing-home sales rose 3.4% month-over-month and 2.9% year-over-year in November to a seasonally adjusted annual rate of 3.96 million units. This exceeded economists’ expectations for the month and marked the first annual gain on a national level since July 2021, according to the National Assoc

Introlend Monthly Mortgage Outlook - Nov 2024

By Helen Adams Realty - November 23, 2024

As the final weeks of 2024 quickly approach, we've begun experiencing some post-election calm in the rate market. While rates are still higher than we'd like, we're ultimately heading towards a light at the end of the tunnel. The most recent Fed meeting produced a 0.25% reduction in the Fed Funds Rate and with one final meeting before the end of the year, it remains to be seen how the Fed will low

Inventory, Sales on the Rise In Charlotte Heading Into Cooler Months

By Helen Adams Realty - November 22, 2024

Canopy Realtor® Association Market Updates Reprinted from October 2024 CRRA Monthly Indicators U.S. existing-home sales unexpectedly slipped 1.0% month-over-month in October and 3.5% year-over-year to a seasonally adjusted annual rate of 3.84 million, the lowest level in more than a decade, according to the National Association of REALTORS® (NAR). Prospective buyers have pulled back in recent mo

Introlend Monthly Mortgage Outlook - October 2024

By Helen Adams Realty - October 21, 2024

If last month's surprise move by the Fed lowering the Fed Funds Rate by 0.5% had you hoping interest rates would immediately drop, you weren't alone. While the Fed Funds Rate does impact mortgage and other consumer lending interest rates, it's not a direct correlation. We were given a good reminder the market is as much about emotion and perception as it is data. After a couple weeks of slightly e

U.S. Existing-Home Sales Drop as Median Prices Surge to Record Levels

By Helen Adams Realty - October 21, 2024

Canopy Realtor® Association Market Updates Reprinted from September 2024 CRRA Monthly Indicators U.S. existing-home sales slid 2.5% month-over-month and 4.2% year-over-year in September to a seasonally adjusted annual rate of 3.86 million units, according to the National Association of REALTORS® (NAR). Meanwhile, home prices have continued to reach record heights nationwide, with NAR reporting a

IntroLend Monthly Mortgage Outlook - September 2024

By Helen Adams Realty - September 23, 2024

The Fed made a somewhat surprising move today and cut interest rates 50 bps, or 0.5%, rather than the more conservative 25 bps lenders have already priced into their rate sheets. There’d been talk the last few days about a potential larger cut and that’s exactly what happened. The initial reaction from markets was slightly volatile, but that’s to be expected, and shouldn’t be cause for concern.

Lower Rates, Rising Supply Boost Home Sales After 5-Month Dip

By Helen Adams Realty - September 23, 2024

Canopy Realtor® Association Market Updates Reprinted from August 2024 CRRA Monthly Indicators U.S. existing-home sales increased for the first time in 5 months, as lower mortgage rates and rising supply helped boost market activity. According to the National Association of REALTORS® (NAR), sales of previously owned homes rose 1.3% month-over-month to a seasonally adjusted annual rate of 3.95 mil

Existing-Home Sales Climb Again in January, Reaching Highest Level in 10 Months

Introlend Monthly Mortgage Outlook - February 2025

Introlend Monthly Mortgage Outlook - Jan 2025

U.S. Home Sales Rebound in January as Prices and Inventory Rise

Introlend Monthly Mortgage Outlook - Dec 2024

U.S. Home Sales See First Annual Gain Since 2021; Charlotte Market Surges

Introlend Monthly Mortgage Outlook - Nov 2024

Inventory, Sales on the Rise In Charlotte Heading Into Cooler Months

Introlend Monthly Mortgage Outlook - October 2024

U.S. Existing-Home Sales Drop as Median Prices Surge to Record Levels

IntroLend Monthly Mortgage Outlook - September 2024

Lower Rates, Rising Supply Boost Home Sales After 5-Month Dip

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