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The Latest Breaking News from Realtorcom

U.S. house sales drop as prices soar to record levels

Sales of previously occupied homes slid in June to the slowest pace since last September as mortgage rates remained elevated and national median sales prices hit unprecedented levels

The Independent UK

Buyers wield more power in housing market, especially in Sun Belt, with contract cancellations on the rise

In June 2025, nearly 15% of pending home sales fell through, per Redfin, but don't call it a buyers' market yet. Home prices are still at record highs.

Fortune

10 Cities Where Home Values Are Rising in 2025 — 6 Are on the East Coast

Six of these towns are on the East Coast.

GOBankingRates

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New SALT Deduction Could Put Thousands Back in California Homeowners’ Pockets

The federal state and local sales tax (SALT) deduction cap is higher this year, and could translate into bigger savings for Golden State homeowners.

Kiplinger

How Zillow CEO Jeremy Wacksman is using AI to transform the real estate industry—for buyers, sellers, and agents

“The one thing we found over the 20 years is anytime you can bring technology to the process, people will consume it," Wacksman told Fortune.

Fortune

Elon Musk Said He'd Own No House, Now He's Rebuilding A Real Estate Empire

Billionaire Elon Musk is the world's richest person, with a net worth of $370 billion, but you may not know it by his lifestyle, which includes no yachts and a plan to sell all his homes.

Benzinga

Elon Musk regains ownership of Gene Wilder’s former LA home after foreclosing on Willy Wonka star’s nephew

Tesla billionaire moved to foreclose on the property last November after Wilder’s nephew defaulted on loan payments

The Independent UK

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US Home Sales Sink To Slowest May Since 2009 As Mortgage Rates And Record Prices Keep Buyers On The Sidelines

The U.S. housing market logged its slowest May for existing-home sales since 2009, confirming that elevated mortgage rates and record prices continue to chill demand even as listings rise.

Benzinga

Cash-strapped recent college grads: These are 10 of the most affordable U.S. cities to live that also have low unemployment rates

Realtor.com released its ranking of the top rental markets for recent college grads.

Fortune

Americans need to make six figures to afford a median-price home

But there is a silver lining: The housing market is rebalancing.

Fortune

Sarah Paulson finds buyer for $2 million Malibu trailer home after slashing price and throwing in a free gift

The ‘American Horror Story’ actor first put the beachside home up for sale in May 2024

The Independent UK

More homes for sale and easing rates favor homebuyers this spring, but affordability hurdles remain

This spring homebuying season is shaping up to be more favorable for home shoppers than it’s been in recent years — as long as they can afford to buy

The Independent UK

Tariffs Push US Mortgage Rates Down—But Homebuyers Still Face Crushing Affordability Crisis

US 30-year mortgage rates fell to 6.64% on 3rd April after Trump's tariffs announcement but housing pricing hover around record highs, out of reach of most Americans.

International Business Times UK

The housing market’s spring selling season has arrived. Here’s the best time to list your home

In one city, selling at the right time could yield nearly $100,000 more than during other times of the year.

Fortune

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Kiplinger

What to Expect in the Rest of This Year's Housing Market

Most likely, mortgage rates will stay above 6%, and home prices will climb moderately. But that shouldn't dissuade buyers who are ready to make a move.

Fortune

Home sellers are ‘waking up to reality’ and are slashing prices to combat stubbornly high mortgage rates

Realtor.com’s chief economist predicts “further price softening” for the spring.

Fortune

After the Palisades fire burned down this L.A. home, the plot sold for more than $1 million as a ‘blank canvas’

The original home was purchased in 2005 for $1.54 million.

Fortune

Renters need to watch out for hidden junk fees

The FTC and the State of Colorado recently sued a prominent property management company, alleging hidden fees added on top of the publicly advertised monthly rent.

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Reason

Regulations Keep Millions of Bedrooms Empty During a Housing Crisis

Zoning laws, occupancy limits, and short-term rental restrictions are keeping housing off the market and driving up costs.

International Business Times

Real Estate Platform To Show Neighborhoods' Political Leanings To Prospective Homebuyers

The tool will initially be available in South Florida and New York City.

Latin Times

Real Estate Platform To Show Neighborhoods' Political Leanings To Prospective Homebuyers

The tool will initially be available in South Florida and New York City

The Independent UK

Trump's economic agenda for his second term is clouding the outlook for mortgage rates

Donald Trump’s election win is clouding the outlook for mortgage rates even before he gets back to the White House

Marie Claire

Jennifer Lopez and Ben Affleck Can't Seem to Sell Their $68 Million Mansion

Time for a new realtor?

The Independent UK

Falling mortgage rates may be prompting more homeowners to sell, boosting inventory for buyers

The recent pullback in mortgage rates and expectations of further easing next year may be motivating more U.S. homeowners to list their home for sale

Fortune

Homeowners are sitting on more than $35 trillion in equity

The value of all homes owned is more than double what it was a decade ago.

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