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The Latest Breaking News from NAR

Dropping Home Sales Numbers May Mean The End Of Bidding Wars

The real estate market is churning again, and based on the latest home sales numbers from several sources, the end of private home bidding wars may be nearing its end.

Benzinga

Toll Brothers Chills Guidance As Housing Market Cools

Toll Brothers reported fiscal third quarter earnings late Tuesday as the U.S. weathers a housing recession.

Investors Business Daily

American dream of owning a home out of reach for many in tight markets

Many middle- and lower-income Americans are left with a dwindling number of options or forced into renting while supply increases for the wealthiest buyers

The Guardian - US

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Foreign Purchases of U.S. Homes Fall to New Low

Foreign purchases of U.S. homes slid for a fifth straight year as the pandemic continued to limit international travel and the dollar strengthened.

Bangkok Post

Texas home buyers are competing against investors across the globe

Texas is an epicenter for foreign investment in the U.S. housing market.

Tribune News Service

Chinese Investors Buy $6.1 Billion Worth Of US Homes In Past 12 Months

For the first time in three years, activity from overseas real estate buyers has increased. During a time when the housing market is under incredible scrutiny and seeing astonishing prices, investors from China are gobbling up available homes.

Benzinga

Annual Foreign Investment In US Home Sales Up 8.5% To $59 Billion

Global investors are paying record prices for U.S. residential real estate. What Happened: According to new data from the National Association of Realtors, international buyers purchased $59 billion worth of U.S. residential properties between April 2021 and March 2022, up 8.5% from the same period one year earlier.

Benzinga

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Should You Buy A House Now? Experts Weigh In On Pros And Cons

Rising borrowing rates are giving prospective homebuyers cold feet. But rates will almost certainly climb higher. Should you buy a house now?

Investors Business Daily

KB Home Beats, Following Lennar, But Notes Sales Slowdown

Homebuilder KB Home on Wednesday reported second-quarter earnings and a full-year outlook that beat expectations.

Investors Business Daily

Home sales tumble again as mortgage rates surge

Sales of previously occupied U.S. homes slowed in April for the third month in a row as mortgage rates surged, driving up borrowing costs for would-be homebuyers as home prices soared to new highs

The Independent UK

Double-digit home price gains are a national phenomenon

Across the country, 70% of metro areas experienced double-digit home price gains in the first quarter, according to a new report from the National Association of Realtors.

Tribune News Service

Housing Beat: Mortgage Rates Stay Elevated, Profit Margins On Home Sales Down

Mortgage rates remained on the high side this week while pending home sales continued to decline and mortgage delinquency rates also recorded downward motion.

Benzinga

Housing Beat: Mortgage Rates Break The 5% Level; Buyers Settle On Smaller Homes

The latest U.S. housing and mortgage data points to rates continuing their dizzying rise, fewer homes being sold and prospective buyers agreeing to purchase smaller properties.

Benzinga

Real estate lobby targets oligarch bill

Russians have used U.S. real estate as a "dark repository for oligarch money," says Sen. Sheldon Whitehouse

Salon

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Benzinga

The Crisis In Housing, Part 1: A Lopsided Market

The Japanese novelist Kobo Abe once wrote, “There is always order in the distant view. No matter how strange the happening, it can never project from the frame, from the order which this distant view possesses.”

Benzinga

Housing Beat: Mortgage Rates Soar, Mortgage Applications Sink

This week's housing and mortgage industry data is something of a seesaw ride, with mortgage rates, millennial homebuying and the mortgage delinquency rate rising while mortgage applications and a major builder's output did not.

Benzinga

Existing Home Sales At 16-Year Peak: What You Need To Know

Existing home sales totaled 6.12 million during 2021, up 8.5% from the previous year and the highest annual level since 2006, according to data from the National Association of Realtors (NAR).

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