1032 ET - Pending U.S. home sales fell 3.4% year-over-year during the four weeks ending May 11, Redfin says, their lowest level on record for this time of year aside from 2020. Would-be homebuyers are backing off for two main reasons. One, rising home-sale prices and elevated mortgage rates pushed this week's median monthly housing payment to $2,860, just $6 shy of the record high set the week before. Two, some buyers are backing off because they're nervous about the future of the U.S. economy. One strategy: looking for condos or small houses to lower monthly payments. And a smart strategy for sellers is offering mortgage-rate buydowns to pique buyers' interest. On the selling side, new listings are up 5.1% year-over-year, and the total number of homes for sale is up 14.3%. (chris.wack@wsj.com)
(END) Dow Jones Newswires
May 15, 2025 10:32 ET (14:32 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。