Pending Home Sales Tumbled 7.1% in August
National Assocation of Realtors®
Press Release
September 28, 2023
Key Highlights
- Pending home sales slumped in August, down 7.1% from July.
- High interest rates have pushed mortgage rates above 7%, which has impacted home buying.
- ...
September 25, 2023 - California Association of REALTORS® forecast improvement in the outlook for sales and prices at the Reimagine! Conference in Anaheim as interest rates will begin to ebb in 2024 and housing inventory and sales pick up. However, recently updated guidance shows...
Marketwise column for the Bay Area News Group and its flagships The Mercury News and East Bay Times | Published: September 23, 2023
By Pat Kapowich
Question: Against our better judgment, we, as homebuyers, submitted a purchase offer without contingencies. The...
Economist’s Outlook | Instant Reaction: Mortgage Rates | September 21, 2023
Mortgage interest rates remained relatively steady in the last week at an elevated rate of 7.19% for the 30-year fixed. The newest data, released today, shows that the typical single-family existing home was...
Market Minute Write-Up by The California Association of Realtors®
September 18, 2023 - Home sales in California had another soft month in August as interest rates surged to the highest level in 22 years late last month before calming down slightly in the past two weeks. Home...
Marketwise column for the Bay Area News Group and its flagships The Mercury News and East Bay Times | Published: September 16, 2023
By Pat Kapowich
Question: In your column, you suggest that home sellers pay for presale seller inspections. You go on to...
September 04, 2023 - As the job market continues to show signs of easing, it is looking more likely that the Fed may not raise rates in their upcoming September meeting. With mortgage rates remaining elevated despite their downward movement in the past couple of weeks, the Fed’s...
Marketwise column for the Bay Area News Group and its flagships The Mercury News and East Bay Times | Published: July 15, 2023
By Pat Kapowich
Question: Selling our Bay Area home keeps getting interesting. We accepted a homebuyer’s offer on Tuesday....
August 30, 2023
Press Release | National Assocation of Realtors®
Key Highlights
- Pending home sales improved in July, up 0.9% from June.
- Month over month, contract signings increased in the South and West but decreased in the Northeast and Midwest.
- Pending home sales fell in all four...
Welcome to Realtor Pat Kapowich's informative guide on understanding home prices in the heart of technology and innovation, Silicon Valley. As a seasoned real estate expert with years of experience in Alameda County, Santa Clara County, and San Mateo County, Pat Kapowich is your go-to source for...
National Assocation of Realtor®
- August 22, 2023 Press Release
Key Highlights
- Existing-home sales fell 2.2% in July to a seasonally adjusted annual rate of 4.07 million. Sales receded 16.6% from one year ago.
- The median existing-home sales price rose 1.9% from one year ago to...
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