News Formal

Homebuyers Flood the Market

  • 📰 Newsweek
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 52%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

However, the sales of last month may not signal a sustained trend, especially as the market moves into the busy season.

Amid mortgage rates echoing the peak levels of the early 2000s, February saw an unexpected surge in homebuying, marking the largest monthly increase of existing home sales in a year.Last month's existing home sales soared by 9.5 percent, despite the historically high mortgage rates that had been cooling the market, according to a National Association of Realtors report issued Thursday.

The unexpected jump in sales comes at a time when the housing market is typically quieter due to winter conditions. However, the increase has not been uniform across the country. The Northeast saw no change in sales but led in price gains, according to the NAR, suggesting regional market dynamics are at play.Nationally, properties stayed on the market longer in February compared to the previous month and year, indicating a slight cooling.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 468. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Housing Market Sees Flood of New HomesCompleted new home construction jumped in February, according to the U.S. Commerce Department.
Källa: Newsweek - 🏆 468. / 52 Läs mer »

Housing Market Update: Are Sellers Returning to the Market?Listings jumped in February to their highest levels in more than a year, according to Redfin on Friday.
Källa: Newsweek - 🏆 468. / 52 Läs mer »

Bitcoin (BTC) Price Plunged Below $61K but Market Recovery Signs Appear (Market Watch)Crypto Blog
Källa: Crypto_Potato - 🏆 568. / 51 Läs mer »

Nvidia Surpasses Entire Crypto Market as AI Hype Picks Up SteamNvidia's market cap has surpassed $2 trillion, outstripping the entire crypto market's valuation
Källa: Utoday_en - 🏆 295. / 63 Läs mer »

Bitcoin Market Cap Records New ATH, Shiba Inu’s Double Digit Run Continues (Market Watch)Crypto Blog
Källa: Crypto_Potato - 🏆 568. / 51 Läs mer »

Canon Aims to Achieve Overwhelming Market Share in Mirrorless Camera MarketCanon's 2024 corporate strategy includes the goal of becoming the number one player in the mirrorless camera market. The company plans to establish an absolute position in the market by expanding its EOS R system and targeting video-oriented customers. Canon already leads in interchangeable lens mirrorless sales in the United States, but aims for a more dominant position.
Källa: petapixel - 🏆 527. / 51 Läs mer »