Inventory's up, but buyers aren't biting as June sales slide again
Existing-home sales declined by 2.7% from May 2025 but held steady compared to one year ago. Mortgage rates and high home prices continue to dissuade potential buyers
by Lillian Dickerson Jul 23
Single-family permits and starts reach 11-month low in June
Negative buyer and builder sentiment matched with growing economic uncertainty to stifle new construction in June, with single-family permits, starts and completions taking the biggest hit
by Marian McPherson Jul 18
In a more buyer-friendly market, sellers are emerging too
Why are active homebuyers now ready to list their old properties? The reasons vary by individual but display regional trends that track with national recovery, the Inman-Dig Insights survey found
by Lillian Dickerson Jul 14
Rising wages and job growth pushed pending home sales up slightly in May
New numbers from the National Association of Realtors show that pending sales rose 1.1% year over year in May
NAR says lower mortgage rates could help boost sluggish sales. When might that happen?
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
by Taylor Anderson Jun 23
Investors contemplate options amid market shift: The Download
As investors see local markets and rental prices soften, they've started to unload underperforming inventory at a record pace
by Christy Murdock Jun 14
Real estate investors are unloading homes at record clip to stem losses
In 2024, investors drove 11% of all US home sales — the highest share in more than 2 decades. That translates to nearly 509,000 properties sold, according to data released Tuesday by Realtor.com
by Richelle Hammiel Jun 10
Home for sale sign, with sale pending
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
by Lillian Dickerson May 29
Existing-home sales slip again in April even as inventory improves
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
by Richelle Hammiel May 22
A 'herky jerky' start to the spring buyer season isn't deterring agents
Economic anxiety and rising mortgage rates curbed hopes of a robust spring, but economists tell Inman a strong new-home market offers a sliver of hope that the coming months will be better
by Marian McPherson May 1
Pending home sales jump as buyers eye lower mortgage rates
Contract signings jumped 6.1% in March. That represents the biggest monthly gain since December 2023, according to the National Association of Realtors
by Richelle Hammiel Apr 30
Existing-home sales fall to slowest pace since 2009 amid rising costs
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
by Lillian Dickerson Apr 24
New-home sales beat expectations in March — by a long shot
The surge in sales was a welcome positive sign during a tenuous period for the US economy. However, high prices and high mortgage rates continue to curb homebuyers, new HUD data shows
by Lillian Dickerson Apr 23
Agents attracted to techie brokerages, capped fees: Report
A new report suggests agent recruiting remains intense in real estate and that churn from company to company comes with significant costs to brokerages
by Jim Dalrymple II Apr 14
Pending home sales tick up as buyers make cautious comeback
The Pending Home Sales Index (PHSI) rose by 2.0% to 72.0 in February, according to new data released Thursday by NAR. But contract signings fell 3.6% compared to last year
by Richelle Hammiel Mar 27