A for sale sign is displayed outside of a home for sale on August 16, 2024 in Los Angeles, California. United States real estate industry rules governing agent commissions will change on August 17 as part of a legal settlement between the National Association of Realtors and home sellers....
Even as mortgage interest rates were rising, home prices reached the highest level ever on the S&P CoreLogic Case-Shiller U.S. National Home Price Index.On a three-month running average ended in June, prices nationally were 5.4% higher than they were in June 2023, according to data released Tuesday. Despite being...
A sign is posted in front of a home for sale on August 07, 2024 in San Rafael, California. Justin Sullivan | Getty ImagesClosed sales of previously owned homes rose 1.3% in July compared with June to a seasonally adjusted, annualized rate of 3.95 million units, according to the National...
A "For Sale" sign in front of a home in Arlington, Virginia, on Aug. 22, 2023.Andrew Caballero-Reynolds | AFP | Getty ImagesThe average rate on the popular 30-year fixed mortgage dropped 22 basis points to 6.4% Friday, according to Mortgage News Daily. That is the lowest rate since April...
Patchogue, N.Y.: A For Sale sign hangs in front of a house in Patchogue, New York, on June 1, 2024.Steve Pfost | Newsday | Getty ImagesSales of previously owned homes dropped 5.4% in June compared with May, to 3.89 million units on a seasonally adjusted, annualized basis, according to...
International buyers of U.S. residential real estate are running into the same hurdles as domestic buyers — namely high prices and tight supply — but they're also up against a strong U.S. dollar, which makes the properties even more expensive for them. As a result, international buyers are pulling...
Anyone out shopping for a home today knows there is still precious little for sale.The housing market is just beginning to come out of its leanest few years in history. Inventory of both new and existing homes is finally rising, but there is something suddenly strange in the numbers:...
A townhouse for sale in the Upper East Side neighborhood of NYC. Adam Jeffery | CNBCSome of the heat is coming out of home prices, even though they're still higher than they were a year ago.Several new reports show the price gains are shrinking and home sellers are starting to...
Home prices set another record high in April, even as mortgage rates rose and the supply of homes for sale increased. Usually, under those circumstances, prices would weaken, but today's housing market is unlike any other in recent history.Prices in April rose 6.3% compared with April 2023, according to...
Homes in the Issaquah Highlands area of Issaquah, Washington, US, on Tuesday, April 16, 2024. David Ryder | Bloomberg | Getty ImagesSales of previously owned homes are sitting at a 30-year low, and didn't move much in May as prices hit a new record and mortgage rates remain high.So-called existing...