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Search resuls for: "Nicole Friedman"


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☆ Home Prices Suffer First Monthly Decline in Years
  + stars: | 2022-09-27 | by ( Nicole Friedman | ) www.wsj.com   time to read: 1 min
U.S. home prices slid in July from June, the first monthly decline in years and the latest sign that higher mortgage rates are starting to weigh on home prices in many of the country’s biggest markets. The S&P CoreLogic Case-Shiller National Home Price Index, which measures the average change in home prices across the nation, fell 0.3% in July from June, the first month-over-month decline since January 2019. On a seasonally adjusted basis, the national index fell 0.2%. That was the first monthly decline in more than a decade by this measure.
☆ After Years of Low Mortgage Rates, Home Sellers Are Scarce
  + stars: | 2022-09-22 | by ( Nicole Friedman | ) www.wsj.com   time to read: 1 min
Homeowners with low mortgage rates are balking at the prospect of selling their homes to borrow at much higher rates for their next homes, a development that could limit the supply of houses for sale for years to come. Housing inventory has risen from record lows earlier this year as more homes sit on the market longer. But the number of newly listed homes in the four weeks ended Sept. 11 fell 19% year-over-year, according to real-estate brokerage Redfin Corp. That is an indication that sellers who don’t need to sell are staying on the sidelines, economists say.
☆ August Home-Sales Report Comes as Mortgage Rates Rise
  + stars: | 2022-09-21 | by ( Nicole Friedman | ) www.wsj.com   time to read: 1 min
The National Association of Realtors August report on existing-homes sales will offer a broad look on how the housing market weathered higher mortgage rates at the end of the summer. NAR will release the August home-sales data at 10 a.m. ET Wednesday.
☆ U.S. Home Sales and Prices Fell in August as Mortgage Rates Rose
  + stars: | 2022-09-21 | by ( Nicole Friedman | ) www.wsj.com   time to read: 1 min
U.S. existing-home sales and prices fell in August from the prior month as mortgage rates climbed toward their highest level in 14 years. Sales of previously owned homes dropped 0.4% in August from July to a seasonally adjusted annual rate of 4.8 million, the weakest rate since May 2020, the National Association of Realtors said Wednesday. August sales fell 19.9% from a year earlier.
☆ In a Slowing Housing Market, Sellers Ask: Why List a Home When You Can Collect Rent?
  + stars: | 2022-09-19 | by ( Nicole Friedman | Will Parker | ) www.wsj.com   time to read: 1 min
After Mark and Melissa Reichert moved from California to Dallas, the couple put their home in the Los Angeles suburbs up for sale this summer. Yet even after they cut the asking price by $10,000, there was hardly any interest. Instead, they decided to rent out the house. Their monthly payout now covers their ownership costs. If the housing market remains sluggish, they would likely keep the home as a rental once the current two-year lease expires, Mr. Reichert said.
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