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The Latest Breaking News from NAR

Is the housing market about to crash? Here’s what experts say

After a record-breaking run that saw mortgage rates plunge to all-time lows and home prices soar to new highs, the U.S. housing market finally started slowing in late 2022. Mortgage companies engaged in mass layoffs, real estate economists lamented a “housing recession” and home prices seemed poised for a correction.

Tribune News Service

Home sales inch up in May amid record-low inventory and biggest annual drop in prices since 2011

Sales of previously occupied U.S. homes edged higher in May and the national median sale price posted its biggest annual drop in more than a decade, even as the supply of available properties sank to an all-time low

The Independent UK

Christian right's dark new crusade

Rising far-right Christian movement linked to GOP calls for "kingdom revolution" led by an "army of believers"

Salon

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Lennar Stock Jumps On Earnings As Homebuyers Accept 'New Normal' For Interest Rates

Analysts expected quarterly profits for Miami-based Lennar to fall around 50% with revenue also decreasing even as home demand has climbed.

Investors Business Daily

Homebuilder Stocks Surge To New Highs Ahead Of Fed Meeting, Lennar Earnings

The IBD homebuilder industry group ranks fifth out of 197, with the group advancing 29% in 2023.

Investors Business Daily

Floor & Decor Stock Is IBD Stock Of The Day, With Building Retailer Surging 34% In 2023

Floor & Decor leads its industry group and is setting up near a buy point even as even as existing-home sales fall.

Investors Business Daily

Realtors are leaving the housing market in droves

Tens of thousands of realtors are giving up on the profession after their ranks swelled earlier in the pandemic when the housing market was soaring.

Axios

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Bankrate: Existing-home sales, prices decline again

The housing market remained soft in April, a new report by the National Association of Realtors (NAR) shows. Sales of existing homes — previously occupied properties, rather than newly built homes — resumed their long downward slide. The number of sales in April was off 3.4% from last month and…

Tribune News Service

Home sales, prices fell in April as limited listings, elevated mortgage rates frustrate buyers

Sales of previously occupied U.S. homes fell again last month, more evidence that many prospective homebuyers are being held back by a persistently low inventory of homes for sale and elevated mortgage rates

The Independent UK

US home sales surged in February as mortgage rates dipped

Sales of previously occupied U.S. homes surged in February to the fastest pace in six months as homebuyers seized on a modest drop in mortgage rates and slight pullback in prices

The Independent UK

Majority of Hispanic Americans own a home as incomes rise

A majority of Hispanic Americans now own a home, a milestone that was reached in part thanks to demographics and income growth.

Tribune News Service

Millennials’ decision to live with their parents has paid off

Some also paid off a chunk of student loan debt.

Fortune

Zillow says the home price correction is winding down—here’s what 28 other forecast models have to say

Fortune once again tracked down the latest home price forecasts from 29 of the nation's leading real estate researchers.

Fortune

Existing home sales fall again in December

Existing-home sales — meaning sales of previously occupied homes, rather than newly built homes — have been on a downward trend all year. And with both mortgage rates and prices remaining fairly high, home shoppers have pulled back. A new report by the National Association of Realtors (NAR) indicates that…

Tribune News Service

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Roll Call

US Chamber of Commerce dips to second place in K Street spending - Roll Call

Mega-bills fueled the influence business in 2022, as lobbyists pivot to dealing with divided government in 2023.

The Independent UK

December US home sales fall, capping nearly 18% drop in 2022

Sales of previously occupied U.S. homes slumped nearly 18% in 2022, the slowest year for the housing market in nearly a decade

Tribune News Service

Top 10 real estate markets in the US are all in the South

Real estate in Atlanta, Raleigh, North Carolina and Dallas-Fort Worth is expected to outperform most other metro areas in 2023, according to the National Association of Realtors.

The Independent UK

US home sales fell in October for ninth straight month

Sales of previously occupied U.S. homes fell in October for the ninth month in a row to the slowest pre-pandemic sales pace in more than 10 years, as homebuyers grappled with sharply higher mortgage rates, rising home prices and fewer properties on the market

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Tribune News Service

You need to make $87,000 a year to buy a typical house in Dallas-Fort Worth

Rapidly rising mortgage rates have taken a hammer to home affordability across the U.S., even as some areas like Dallas-Fort Worth continue to see double-digit price gains.

Tribune News Service

First-time US homebuyers are oldest on record and least diverse since 1997

Both first-time and repeat U.S. homebuyers are now the oldest on record, and the proportion of purchases by Black, Asian and Pacific Island Americans is the lowest since 1997, the latest evidence that it’s increasingly difficult to buy a home.

Tribune News Service

Is the housing market about to crash? Here’s what experts are saying

After a record-breaking run that saw mortgage rates plunge to all-time lows and home prices soar to new highs, the U.S. housing market finally is slowing. While demand and price gains are cooling, any correction is likely to be a modest one, housing economists and analysts say. No one expects…

The Independent UK

US home sales fell in September for eighth straight month

Sales of previously occupied U.S. homes fell in September for the eighth month in a row, matching the pre-pandemic sales pace from 10 years ago, as house hunters grappled with sharply higher mortgage rates, rising home prices and a still tight supply of properties on the market

The Independent UK

How Black people are still discriminated against when buying and selling houses: ‘We have an issue here’

When Abdul-Kaba Abdullah decided to sell his home two years ago, he listed the neatly-kept four-bedroom house at $175,000 based on pre-sale evaluations

The Independent UK

Realtors apologizing for past discrimination, urging change

When Abdul-Kaba Abdullah decided to sell his home two years ago, he listed the neatly-kept four-bedroom house at $175,000 based on pre-sale evaluations

Tribune News Service

How much will a house cost by 2030? Predictions and tips to start saving

Just 17 percent of Americans believe it’s a good time to buy a home, according to a recent survey from Fannie Mae. Between higher mortgage rates, still-high home prices and broader inflationary pressure, putting off buying a home might be the only option for some. What happens if you wait,…

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