Pending home sales fell unexpectedly in September, likely due to higher mortgage rates. DianaOlick reports.
Mortgage rates rose sharply in the middle of September.Pending home sales, which are a measure of signed contracts to buy existing homes, fell an unexpected 2.3% in September compared with August, according to the National Association of Realtors.Pending sales are a forward-looking indicator of closed sales in one to two months.
Buyers are also still contending with very high home prices. Price gains have been close to 20% year over year. There was a sign, however, in August that the market was cooling, with fewer bidding wars and slightly more supply coming up for sale.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
U.S. new home sales hit six-month high; median price stays above $400,000Sales of U.S. single-family homes surged to a six-month high in September. The Commerce Department reported new home sales jumped 14%, with sunny cities in the southwest and southeast reporting the highest annual price gains
Consulte Mais informação »
Women Are Sharing Why They Decided To Leave Their Jobs In Tech And Their Experiences Are Seriously EnlighteningWomen are leaving tech roles at a 45% higher rate than men.
Consulte Mais informação »
Oil drops 1% as U.S. stockpile rise saps rallyOil prices fell on Wednesday after industry data showed crude oil stockpiles rose more than expected and fuel inventories unexpectedly increased last week in the United States, the world's largest oil consumer.
Consulte Mais informação »
UK car output falls to lowest September level since 1982British car production fell by 41.5% year-on-year last month to its lowest level for a September since 1982, according to an industry body, as a lack of semiconductor chips continues to disrupt the sector worldwide.
Consulte Mais informação »
McDonald's sales soar on higher U.S. prices, newer menu itemsHigher U.S. prices and celebrity-themed meals boosted quarterly comparable sales at McDonald's Corp , though the company struggled to keep restaurants open at full capacity amid labor shortages and COVID-19 outbreaks, it reported on Wednesday.
Consulte Mais informação »
19 of 20 Small SUVs Crash Tested by IIHS Did Not Earn a Good ScoreIIHS introduced a new side crash test to address the higher speed crashes this year and only one vehicle earned a Good rating.
Consulte Mais informação »