NAR NXT: Everything to know as the annual conference begins

The National Association of Realtors’ NAR NXT Conference is gearing up for a week in Anaheim, California. Here’s a rundown of the schedule plus the sessions and events you can’t afford to miss. Continue reading

Existing-home sales droop as mortgage rates hit 20-year highs

Home sales fell 2 percent between August and September and retreated 15.4 percent from a year ago as prices and interest rates climbed. Continue reading

Existing-home sales fall off 0.7% led by Southern, Western markets

Sales of existing homes slid 0.7 percent between July and August to a seasonally adjusted annual rate of 4.04 million but held steady in the Northeast and rose in the Midwest. Continue reading

Pending sales rise at fastest clip since January as buyers shift gears

Building on upward momentum from June, pending home sales rose 0.9 percent in July even as analysts expressed doubt the rally would last, according to new National Association of Realtors data. Continue reading

Homebuyer mortgage demand falls to lowest level since 1995

As mortgage rates hit new post-pandemic highs on inflation worries, an MBA survey finds applications for purchase loans fell for the sixth consecutive week last week and are down 30 percent from a year ago. Continue reading

Existing-home sales fall in July as low inventory, high rates take toll

Weighed down by low inventory and high mortgage rates, existing-home sales fell in July, to 4.07 million — or 16.6 percent lower than a year earlier, according to data from the National Association of Realtors. Continue reading

US prices fell this spring, new data shows. Not that anybody noticed

Price declines were bigger in the spring than in the late winter, according to quarterly home sales data issued Thursday by NAR. But to real estate agents in most U.S. markets, it didn’t feel that way. Continue reading

Did the US dodge a recession? As outlook softens, analysts reassess

A rising tide of economists are backing away from early forecasts that the U.S. is very likely to enter a recession later this year or by the first quarter of 2024. But some still see dark clouds ahead. Continue reading