Pending transactions were down 19.9% year over year, but just 1% month over month, according to data released Wednesday by the National Association of Realtors
Applications for government-backed purchase mortgages were up 4% week over week, accounting for nearly 1 in 4 loan requests from homebuyers, according to the Mortgage Bankers Association
At Keller Williams' annual Mega Camp conference, founder Gary Keller prepared agents for a rough 2023 as slowing home sales and other economic factors push everyone to the brink
Nationally, more than 15% of homesellers dropped list prices in July across the 97 metro areas analyzed by Redfin, with Boise, Denver and Salt Lake City seeing the greatest share of cuts
Sales of new homes dropped in July to a seasonally adjusted rate of 511,000, which was 29.6% below the levels seen in July 2021, according to data released Tuesday by the US Census Bureau
Economists expect 5.78 million homes to change hands this year, representing a 16.2% decline from a year ago — a steeper drop than the 15.6% pullback forecast in July
Home sales were down 19% year over year in July, a sign the pandemic-era boom in housing demand may be in the rearview mirror, according to new data released Monday by Redfin
Redfin said it expects rental growth to continue to slow, but markets with strong job growth and limited new housing construction will likely continue to experience large rent increases
The Appraisal Foundation’s Appraisal Standards Board says it needs more time to assess proposed changes designed to close the door to discrimination
Opinion
Byron Lazine and Nicole White discuss the impact of low builder confidence, the changing real estate industry and politics from left, right and center
'While July’s housing market data update is big news, and could get first-time buyers’ hopes up, the future is unlikely to bring meaningful improvement to housing affordability,' Zillow says
'Inventory remains tight and prices continue to rise nationally with nearly 40% of homes still commanding the full list price,' said NAR's Chief Economist Lawrence Yun
In China, most recent buyers of new apartments took out mortgages before their buildings were finished. Now many are threatening to not pay
High mortgage rates, challenging affordability and a gloomier economic outlook are keeping buyers on the sidelines, Mortgage Bankers Association forecaster Joel Kan said
More buyers have been backing out of deals than at any time since the early weeks of the pandemic. And in July, that share ticked up again, according to a new report from Redfin
The number of new construction projects for single-family homes dropped by 10% in July, the steepest decline of the year, according to the US Department of Housing and Urban Development