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It's a big premium for homeowners to move right now, says Invitation Homes CEO Dallas Tanner
CNBC Television· 2025-08-25 15:51
New home sales data out last hour. The number came in at 652,000 for the month of July. Stronger than expected, but still it's an 8.2% decline yearon year.A trend our next guest says benefits the rental market in particular because high home prices are sending more Americans looking for alternative options. Joining us now with his outlook, Invitation Home CEO Dallas Tanner. Dallas, it's good to talk to you today.All right. So, you have these new homes start that are are it looks it looks great. It looks lik ...
July new home sales comes in at 652,000, median home price falls
CNBC Television· 2025-08-25 14:37
Market Overview - New home sales in July reached a seasonally adjusted annualized rate of 652,000 units, exceeding expectations of 632,000 units [1] - July's new home sales decreased by 6% month-over-month and 8.2% year-over-year [1] - June's new home sales were revised upwards to 656,000 units from an initial 627,000 units [1] Interest Rates and Pricing - July's new home sales reflect signed contracts when mortgage rates were above 6.75% [2] - The median price of a new home sold in July was $438,000, a decrease of 5.9% year-over-year [2][3] - Builders are lowering prices and buying down mortgage rates [3] Supply and Demand - Builder sentiment report for August indicates increased buyer traffic, potentially aided by lower interest rates [3] - The supply of new homes decreased to a 9.2-month supply, down from 9.8 months [3] - A balanced market requires a healthy supply [4]
X @Bloomberg
Bloomberg· 2025-08-12 11:08
Dubai is seeing record home sales, but some observers worry about a 2009 repeat https://t.co/s56nRnIFdh ...
X @Investopedia
Investopedia· 2025-08-06 13:30
The housing market has been sluggish this year as buyers have faced high prices and interest rates, but home sales have been strong in these 10 ZIP codes across the Northeast and Midwest. https://t.co/JlVOy0a0bG ...
2025 Is On Pace To Be Worst Housing Market In Decades
Housing Market Overview - The housing market is facing challenges, with 2025 projected to be one of the worst years for home sales in the past 30 years [1] - June data indicates weaker than expected performance, with 393 million (3.93% million) sales on an annualized basis [1] - Current sales are down from over 5 million pre-pandemic [1] - Housing affordability remains a significant concern for many Americans [1] Factors Influencing Affordability - Lower mortgage rates could improve affordability, but increased inventory would be even more beneficial [2] - Real wage growth outpacing inflation is a key factor in improving affordability [2] - Local city council regulations are seen as a major obstacle to building more homes [3] Potential Solutions - Reducing regulations to allow home builders to construct more homes could lead to lower prices [3] - Increased housing supply is expected to make homes more affordable and revive the "American dream" [3][4]
U.S. homes are sitting and not selling. Here's why
CNBC Television· 2025-07-30 17:38
All right. So, folks, you may not care about the Federal Reserve or interest rates, but you may want to buy a home. And what the Fed does could influence the bond market, which could influence mortgage rates.And guess what. We got new numbers on pending home sales for the month of June. Diana Ols.>> Well, Brian, pending home sales in June dropped just less than 1% from May and we're down 2.8% from June of last year. These counts are based on signed contracts for existing homes. So, people out shopping in Ju ...
June pending home sales -2.8% year-over-year
CNBC Television· 2025-07-30 15:24
Housing Market Trends - Pending home sales in June decreased by 0.8% compared to May and 2.8% year-over-year [1] - The decrease aligns with market expectations [1] - Increased active listings by nearly 29%, but some homes are sitting unsold [2] - New listings experienced a pullback in June [2] Regional Sales - Sales declined in all regions except the Northeast [3] - Home price growth has been strongest in the Northeast [3] Mortgage Applications - Mortgage applications to buy a home dropped last week and are down 5% over the past four weeks [3]
X @Forbes
Forbes· 2025-07-25 19:00
U.S. Home Sales Fall 2.7% In June Amid Record Prices https://t.co/Xxq7olrTuI https://t.co/Xxq7olrTuI ...
X @Forbes
Forbes· 2025-07-25 09:30
U.S. Home Sales Fall 2.7% In June Amid Record Prices https://t.co/g6Vj2xiGJR https://t.co/g6Vj2xiGJR ...
X @Forbes
Forbes· 2025-07-23 16:50
U.S. Home Sales Slid 2.7% In June As Prices Reach All-Time Highhttps://t.co/jqsouLGsdO https://t.co/pUyFU4Exo2 ...