American homeowners sold fewer homes than expected in April, suggesting that the housing market remains sluggish due to high prices and elevated mortgage rates. Compared with the prior month, home sales rose by just 0.2 percent in April, the traditional
U.S. existing-home sales climbed in September to their strongest pace since February as buyers took advantage of slightly lower mortgage rates, a sign that the housing market may be thawing after a long freeze. Sales of previously owned homes rose
Existing-home sales stumbled in January, falling 4.9 percent from December to an annualized pace of 4.08 million, a sharper drop than the 2.6 percent decline economists had expected. The start of 2025 continues a prolonged period of weakness in home
Many Americans fear a Harris election would hurt the economy.
The fourth consecutive monthly decline as home affordability continues to be a major problem.
Prices hit a record high for April, putting homes out of reach for many would-be buyers.
Bidenflation drove interest rates up, making homes much harder to buy and sell.
Fidelity National Financial, a major player in real estate services such as title insurance and escrow, recently fell victim to a devastating ransomware attack, causing widespread confusion and concern among homeowners and potential buyers.
Mortgage rates climbed near 8% in October and home sales plunged.
The Fed’s fight against Bidenflation is pushing up home prices even while the volume of home sales declines.
Home affordability keeps getting worse and worse.
The rapid rise of interest rates after years of ultra-low rate mortgages has paralyzed the housing market.
There just are not that many houses for sale right now.
Climbing mortgages rates in March held back sales.
The today’s economic data is hard to square with the idea that the economy is on the brink of a recession.
The housing market has been weird for almost a year and now it appears to be on the verge of flipping that weirdness upside down.
Some economists think there is going to be a significant drop in home prices within the near future as the residential real estate market is stuck, according to Axios on Monday.
Single-family home sales are down 19.2 percent compared with August of 2021.
We’re in a housing recession in terms of sales and building. Prices, however, remain high.
“Falling housing affordability continues to take a toll on potential home buyers,” said NAR Chief Economist Lawrence Yun. “Both mortgage rates and home prices have risen too sharply in a short span of time.”
Kellogg’s did real damage to its brands when it decided to take sides in American politics by boycotting Breitbart.
High home prices and rising mortgage rates are pushing more people to rent, driving up rents.
A sharp slowdown in home sales can be a tell-tale sign that an economic slump is lurking ahead.
Another casualty of the Biden era: housing affordability.
Sales of million dollar plus homes are up 25 percent while sales of less pricey homes are down sharply.
Home prices are surging even while mortgage rates are climbing, creating an affordability crunch.
A rush of sales as rate hikes loom.
More homes may change hands in 2021 than anytime in the last 15 years.
Sales of the priciest homes were strong in September and the share of sales to first-time buyers fell, highlighting increasing inequality in the Biden-era housing market.
President Joe Biden has made expanding homeownership a prominent goal of his administration. So far, his policies have failed and homes have become less affordable.
Sales of previously owned homes worth more than one million dollars were up nearly 60 percent annually in July, while sales of homes worth a quarter of that or less were down by around 30 percent, data from the National Association of Realtors showed Monday.
The dream of many American families of owning a home is getting further out of reach in Biden’s America, even while the sales of the most expensive homes continue to climb.
Prices of existing homes hit a new record high in May, rising at the fastest annual pace ever recorded.
First time home buyers are getting squeezed out of the market.
The median price of existing homes sold in the U.S. hit a record high in March even while sales volumes fell below expectations.
Total existing-home sales dropped 6.6 percent from January to a seasonally-adjusted annual rate of 6.22 million, the National Association of Realtors reported Monday. This followed two months of higher sales.
A squeeze in the housing market as buyers seek homes and homeowners hold on despite skyrocketing price gains.
The surge in home buying has run into a dearth of supply as buyers swamp sellers and snap up homes at record pace.
U.S. home sales increased for a fifth straight month in October, far exceeding expectations and hitting the fastest pace of sales in 14 years.
Sales of existing homes jumped 9.4 percent in September to an annualized rate of 6.54 million, the fourth consecutive monthly gain.