NAR

Sales of previously owned homes fell to the slowest pace in more than three years, falling short of estimates and indicating that the housing market remained in a slowdown as the year ended.

Contract signings to purchase previously owned homes unexpectedly fell for a second month in November, offering yet another sign that the housing market is struggling.

Tackling millennial hurdles has been top of mind for the mortgage industry, but the youngest non-homeowners have the smallest share claiming that qualifying for a mortgage will be a big challenge, according to the National Association of Realtors.

Sales of previously owned homes rose for a second straight month and exceeded forecasts in November, suggesting consumer demand is picking up as price gains moderate amid more generous inventories.

Contract signings to purchase previously owned homes unexpectedly fell by the most since January, reaching the lowest level since mid-2014 amid mounting evidence that the housing market is struggling.

Sales of previously owned homes rose in October for the first time in seven months, suggesting demand is stabilizing at a lower level as available properties become less scarce.

Housing prices in Colorado Springs continue to increase at one of the fastest rates in the nation, according to a report by the National Association of Realtors.

Most millennials are purchasing fixer-uppers in order to afford a house, with 75% planning to finance renovations by tapping the equity in their home, according to a Chase Home Lending report conducted with Pinterest.

Central Ohio home prices climbed 7.1% in the third quarter compared with last year, well above the national average of 4.8%.

Student debt continues to weigh down potential homebuyers, as the share of first-timers decreased for the third-consecutive year, according to the National Association of Realtors.