According to data from the National Real Estate Broker Association, the signing contract of existing houses decreased by 5.5 % last month, a 5 % decrease from the previous year.
The decline was obtained for four consecutive months, which is the lowest level since August.
These so -called unsatisfactory sales are the indicators of future shutdown and the latest and latest indicators in market activities. Buyers who shopping in December are getting larger and larger, which may weaken demand.
The average interest rate of fixed mortgage loans in 30 years was 7.14 % from the lows of December 6 as low as 6.68 % on December 19. Real estate agent has been saying that buyers have been used to the “new ordinary” rate of higher interest, but 7 % of trademarks seem to be the emotional obstacles of buyers.
According to the US population census, the sales of newly -built houses are also based on signed contracts. They have received benefits in sales in December, but house builders have been actively purchasing mortgage loan interest rates to enable customers to enter the door.
Sales in all regions are declining, and the maximum monthly decline in the west and northeast has decreased by 8.1 % and 10.3 %, respectively. These areas are places with the highest house prices.
“Lawrence Yun), chief economist of real estate agent, said:” In high -priced areas in the northeast and west, contract activities have decreased sharply, and the increase in mortgage interest rates there has significantly reduced the burden. “” Employment income is even more The affordable areas often have a greater impact.
The price is still very high, and the country rises. According to the latest readings of the Standard Case Shiller National National Price Index, in the late autumn and early winter, the annual income accelerates the end of autumn and early winter.
There seems to be no bouncing purchase demand in January. Mortgage application to buy houses According to the data of the mortgage bank association, last week was 7 % lower than the same week ago.
According to a new report from Redfin, the sales of houses in five years are also the slowest. As of the four weeks of January 26th as of January 26, before the seller accepted the offer, the typical house listing of the contract continued for 54 days. This is the longest range since March 2020, which is longer than last year. One week.
The weakness is that the supply of selling houses has finally increased significantly. According to the data of Realtor.com, compared with December, the number of newly listed houses in January was slightly higher than 37 %.
Realtor.com Chief Economist Danielle Hale said: “The transition of seller activities may marked a turning point of the confrontation induced by the high mortgage rate between buyers and sellers.” The surplus benefits of the mortgage loan interest rate may disappear
