Homebuyers continued to respond to market headwinds like high mortgage rates and economic uncertainty and failed to be drawn in by builder sales incentives
Amid fighting over the federal funds rate, NAR says home sales were 0.7% lower in May than a year ago as inventory rose to a 4.6-month supply
Nearly 40% of homebuilders cut prices in June, the highest portion since the National Association of Home Builders began tracking the cuts. A decline in single-family starts is projected this year
Purchase loan applications soared 10% last week to the highest level since April, even though rates have been stuck in the high 6s, the Mortgage Bankers Association reported Wednesday
States with the highest foreclosure rates in May included Delaware, Florida, Illinois and Indiana. ATTOM's CEO described the situation as 'a mixed picture'
An estimated 7.24M Americans were unemployed in May, as hiring by private employers slowed to slowest pace since October and the federal government continued to shrink its payroll
US home inventory hit a record $698B in April — a 20.3% increase from the previous year — but sales aren't keeping pace, a new analysis from Redfin shows
Even with more inventory entering the market, homebuyers are struggling with elevated mortgage rates, NAR Chief Economist Lawrence Yun said, leading to fewer signed contracts
Existing-home sales continued to fall in April, down 0.5% from March to a seasonally adjusted rate of 4M last month, according to data released Thursday by the National Association of Realtors
Windermere Economist Jeff Tucker looks at how tariff walkbacks may signal that some of the Trump administration's potentially damaging policy changes could be reversed
Nearly twice as many Realtor.com visitors say they would be more likely to buy if a recession hits compared to the share who say they'd be less likely to buy if the economy fails, new polling shows
With more homes to choose from, purchase loan applications were up 18% from a year ago last week as buyers forged ahead despite economic uncertainty, MBA lender survey finds
Active listings in Washington, DC, have surged 25.1% year over year, the largest jump on record and nearly double the national increase of 14.2%, new Redfin data released Wednesday shows
Existing-home sales dropped by 5.9% from February and by 2.4% from March 2024 as homebuyers continued to deal with affordability challenges, said NAR Chief Economist Lawrence Yun
Windermere Economist Jeff Tucker looks at how a combination of tariffs, economic uncertainty, and rebounding interest rates may cause both buyers and sellers to hunker down for now