Latest Lawrence Yun News

US home sales ended a 4-month slide in July amid easing mortgage rates, more homes on the market

Aug. 22, 2024 13:31 PM EDT

LOS ANGELES (AP) — Sales of previously occupied U.S. homes ended a four-month slide in July as easing mortgage rates and a pickup in properties on the market encouraged home shoppers. Existing home sales rose 1.3% last month from June to a seasonally adjusted annual rate of 3.95...

US home sales fell in June to slowest pace since December amid rising mortgage rates, home prices

Jul. 23, 2024 12:46 PM EDT

LOS ANGELES (AP) — The nation's housing slump deepened in June as sales of previously occupied homes slowed to their slowest pace since December, hampered by elevated mortgage rates and record-high prices. Sales of previously occupied U.S. homes fell 5.4% last month from May to a...

US homes find fewer foreign buyers as rising costs and a strong dollar leave market in record slump

Jul. 18, 2024 16:13 PM EDT

LOS ANGELES (AP) — Sales of U.S. homes to Chinese, Canadian and other foreign buyers have fallen to the lowest level in more than a decade, hampered by a strong dollar and more hurdles that have kept the housing market in a deep sales slump for over two years. Some 54,300...

US home sales fall for the 3rd straight month in May amid rising mortgage rates, record-high prices

Jun. 21, 2024 11:37 AM EDT

LOS ANGELES (AP) — Sales of previously occupied U.S. homes fell in May for the third straight month as rising mortgage rates and record-high prices discouraged many prospective homebuyers during what's traditionally the housing market’s busiest period of the year. Existing home...