In another sign of a reversal of fortune for homebuilders, new-home sales in July tumbled to their slowest pace in six years. Continue reading….
Mortgage Rates Settle In the 5% Range
As inflation appears to have peaked, borrowing costs are starting to stabilize. Continue reading….
Experts: Changes to Supply Chain Will Benefit Commercial Real Estate
U.S. companies are looking to bring operations home from overseas, which will open new opportunities for commercial brokers, speakers at NAR’s C5 Summit say. Continue reading….
Latest Home Sales Data Points to ‘Housing Recession’
While prices continue to rise, existing-home sales fell in July for the sixth consecutive month and are down dramatically from a year ago, according to NAR’s latest housing report. Continue reading….
Builders Concerned About Sudden Pullback in New-Home Market
One in five reported reducing their prices in the past month to increase sales and limit contract cancellations. But a better outlook may be on the horizon, says NAR Chief Economist Lawrence Yun. Continue reading….
What Climate, Health Care Bill Doesn’t Do
Inflation Reduction Act leaves out tax measures that would have derailed real estate investment. Continue reading….
Mortgage Rates Rocket Back Above 5%, But Market ‘Stabilizing’
Though weekly changes in borrowing costs are volatile, housing activity is reaching more balanced levels—which is ultimately good for buyers, says Freddie Mac’s chief economist. Continue reading….
Double-Digit Home Price Gains in Q2 Erode Affordability Even More
“Home prices have increased at a pace that far exceeds wage gains, especially for low- and middle-income workers,” says NAR Chief Economist Lawrence Yun. Continue reading….
Yun: Slowing Inflation Suggests Mortgage Rates Have Topped Out
NAR’s chief economist shares what now needs to happen to bring down borrowing costs and increase affordability for home buyers. Continue reading….
WCR Grants Aim to Inspire More Women Real Estate Leaders
While women make up more than 60% of the real estate profession, they do not hold nearly that same level of representation in industry leadership roles. Continue reading….