Nearly 40 percent 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. Continue reading
Purchase loan applications soared 10 percent last week to the highest level since April, even though rates have been stuck in the high sixes, the Mortgage Bankers Association reported Wednesday. Continue reading
States with the highest foreclosure rates in May included Delaware, Florida, Illinois and Indiana. ATTOM’s CEO described the situation as “a mixed picture.” Continue reading
U.S. home inventory hit a record $698 billion in April, a 20.3 percent increase from the previous year. However, sales aren’t keeping pace, a new analysis from Redfin shows. While listings are rising, buyer activity remains muted, leaving many homes si… Continue reading
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. Continue reading
Existing-home sales continued to fall in April, down 0.5 percent from March to a seasonally adjusted rate of 4 million last month, according to data released Thursday by the National Association of Realtors. Continue reading
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. Continue reading
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. Continue reading
With more homes to choose from, purchase loan applications were up 18 percent from a year ago last week as buyers forged ahead despite economic uncertainty. Continue reading
Active listings in Washington, D.C., have surged 25.1 percent year over year, the largest jump on record and nearly double the national increase of 14.2 percent, new Redfin data released Wednesday shows. Continue reading