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The Latest Breaking News from NAR

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

The Independent UK

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.

Tribune News Service

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

The Independent UK

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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…

Tribune News Service

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

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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

The Independent UK

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,…

Tribune News Service

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

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

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

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Benzinga

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.

The Independent UK

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

Tribune News Service

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.

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Benzinga

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.

Salon

Real estate lobby targets oligarch bill

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

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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