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The Latest Breaking News from Lawrence Yun

D.C.’s housing market is stable for now, despite what you’ve seen on social media tied to Trump cuts to the federal workforce

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.

Fortune

US Home Sales In 2024 Weakest In Nearly 30 Years

Sales of previously owned US homes slipped to their weakest level in about three decades last year on the back of high housing prices and mortgage rates, according to industry data released Friday.

International Business Times

Sales Of Existing US Homes Rise In October

Sales of previously owned homes in the United States picked up in October, industry data showed Thursday, fueling hopes that a slump in the sector may be ending.

International Business Times

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US Housing Sales Surged In October. The Worst 'Could Be Over'

Existing home sales rose 3.4% from September and were 2.9% higher than October of last year.

International Business Times

US home sales rose in October, notching their first annual gain in more than three years

Sales of previously occupied U.S. homes rose in October, the first annual gain in more than three years, with home shoppers encouraged by easing rates and a pickup in properties on the market

The Independent UK

Home Depot's struggles may be behind it

Problems have taken a toll on Home Depot this year.

The Street

In a week of back-to-back housing data, here’s what you need to know

Breaking down mortgage rates, sales, and home prices.

Fortune

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Sales Of US Existing Homes Slip Slightly In August

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.

International Business Times

Stock Market News For July 23: Quick Takes On GE, Biotechs And The Astonishing Move In Small Caps

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

Investors Business Daily

June US Home Sales Slower Than Expected, Prices Hit Fresh High

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

International Business Times

A Fed interest rate cut won’t send mortgage rates plummeting, a top housing analyst says

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.

Fortune

US homes find fewer foreign buyers as rising costs and a strong dollar leave market in record slump

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

The Independent UK

A top economist suggests buyers and sellers should brace themselves for the 6% mortgage rate reality

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

Fortune

US Existing Home Sales Fall As Prices Hit Record

Existing home sales in the United States edged lower in May as prices reached a record high on continued tight inventory, according to industry data published on Friday.

International Business Times

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Top News

US Home Prices Reach Record Highs, Creating Divide Among Buyers

Learn about the record-high US home prices and the challenges faced by first-time buyers in the competitive housing market.

The Street

Veteran fund manager buys Builders FirstSource

Existing home prices gained 5.7% year-on-year in April.

Axios

April pending home sales hit four-year low as rates and prices soar

New data shows the spring homebuying season is looking more like a slump.

International Business Times

US Existing Home Sales Slip In April On Still High Mortgage Rates

Existing home sales in the United States crept lower in April as mortgage rates remained elevated, industry data showed Wednesday.

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news in one place.

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International Business Times

February Sees 4.38 Million Units Sold In Existing Home Market Amid Rising Rates

Existing home sales in the US soared by 9.5% in February to a staggering 4.38 million units, marking the largest monthly increase since February 2023.

International Business Times

US Home Sales Rise In February By Most In A Year

Sales of existing homes made the biggest jump in a year last month on improved housing supply, according to industry data released Thursday, as mortgage rates held at slightly lower levels.

International Business Times

US Home Sales Tick Up In January On Lower Mortgage Rates

Existing home sales in the United States crept up in January, according to industry data released Thursday, on slightly higher listings and demand as buyers made the most of cooler mortgage rates.

International Business Times

US Existing Home Sales Fall To Lowest Level Since 1995

US existing home sales fell in the final month of 2023, ending a tough year for real estate as full-year sales hit the lowest level since 1995, said industry data released Friday.

Fortune

The brutal 2023 housing market was just like the 1980s—except with a little bit of Global Financial Crisis thrown in

Millennials face a housing market a lot like their parents experienced—with a dash of their early adulthood added, for good measure.

Fortune

Fitch Ratings says U.S. homes are ‘overvalued’ by nearly 10%—but homebuyers shouldn’t expect relief anytime soon

"Home prices keep marching higher," NAR’s chief economist Lawrence Yun said in a statement, arguing that "only a dramatic rise in supply will dampen price appreciation."

International Business Times

US Home Sales Edge Up In November But Still Gloomy

Sales of US existing homes crept up in November, according to industry data released Wednesday, though they remained at a low level as high mortgage rates weigh on activity.

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