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US existing-home sales rose 14.5% in February to seasonally adjusted annual rate of 4.58 million; inventory of unsold homes was 980,000, equal to 2.6 months of the monthly sales pace: NAR
Published: March 21, 2023 by National Association of Realtors (NAR)
John Burns Consulting: Rising incomes, falling home prices should ease affordability challenges, but changes to date aren't enough for a reset; despite declines in California, Northwest and Southwest, US resale home values still 36% above pre-Covid levels
Published: March 10, 2023 by John Burns Real Estate Consulting LLC
Analysts on US housing: Brandywine Global views market as stuck, as low affordability hampers buyers and sellers don't want to budge much on price; Comerica sees 2023 sales of existing single-family homes falling 20%, new single-family homes declining 10%
Published: March 06, 2023 by FinancialPress
Bloomberg: For many homebuyers, it's new construction or nothing amid lack of existing homes for sale; that's good for builders, but may worsen inflation, as homebuilding is inherently inflationary as it involves securing building materials, hiring labor
Published: February 27, 2023 by Registered Rep
Share of new, existing US homes sold in Q4 that were affordable to families earning a median income of US$90,000 was 38.1%, down from 42.2% in Q3; decline led by rising mortgage rates, supply chain disruptions, elevated construction costs: NAHB
Published: February 09, 2023 by National Association of Home Builders (NAHB)

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