New Home Sales Down 12.6 Percent Nationally In July
Compared to July 2021, the new home market was down 29.6 percent
Compared to July 2021, the new home market was down 29.6 percent
The Bay Area continued to record record price increases despite falling sales
Just 16 percent of households could afford to purchase the $883,370 median-priced home in the second quarter of 2022
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Realtor.com's monthly report found active listings increased by more than 72 percent in San Francisco compared to July 2021
The decline coincides with the largest single-month gain in homes listed for sale in 12 years
Sales retreated in all four major regions, with the West experiencing the largest decline in June
The just-released numbers also show home prices are finally on the downward trend as well…
Rising mortgage rates and sky-high home prices made homeownership less of a reality last month for perspective buyers
The median existing-home sales price exceeded $400,000 for the first time, up 14.8 percent annually
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