housing

Sales of New Homes Unexpectedly Plunge

Sales of new homes in the U.S. plunged in May, falling to the lowest level since the start of the year, as high prices and rising mortgage rates pushed away buyers. Single-family home sales fell by 7.3 percent to an

A real estate agent sets up for an open house in Rancho Cucamonga, California, US, on Satu

RSC, Real Estate Caucus Members Urge Treasury to Index Capital Gains to Inflation After Biden-Era Inflation Hit Homeowners

Republican Study Committee (RSC) and Congressional Real Estate Caucus members, led by Rep. Mark Alford (R-MO), are transmitting a letter Friday morning to Treasury Secretary Scott Bessent, urging the department to use existing authority to index capital gains calculations to inflation, arguing the change could be implemented administratively without requiring new legislation.

A family meeting with a real estate agent in front of the house on sale - stock photo