The Latest Breaking News from Lawrence Yun

Sales of previously occupied U.S. homes slowed in March, a sluggish start to the spring homebuying season as elevated mortgage rates and rising prices discouraged many prospective home shoppers

Though social media rumors abound of mass home sales in Washington, D.C. following cuts to federal workforce, the numbers available thus far don’t back that story up.

Breaking down mortgage rates, sales, and home prices.

Sales of previously owned US homes fell in August, according to industry data released Thursday, but lower mortgage rates and growing supply were likely to boost the industry.

What sectors outperformed after Trump won the 2016 election, and which outperformed during his term?

US existing home sales dropped more than expected in June, according to industry data released Tuesday, while the median price hit a new high.

Markets being what they are, “the simple act of the Fed cutting is not necessarily going to have a direct impact on mortgage rates,” Zelman & Associates’ Alan Ratner said.

Sales of U.S. homes to foreign nationals have fallen to the lowest level in more than a decade, hampered by a strong dollar and many of the hurdles that have kept the housing market in a deep sales slump for over two years

Mortgage rates won’t be going back down to the historical lows seen throughout the pandemic, the National Association of Realtors’ chief economist said.