The Latest Breaking News from Lawrence Yun

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…

Demographic, housing and business trends are coming together to cause a suburban boom.

“Conscious of changing mortgage rates, home buyers are taking advantage of any rate declines,” says NAR’s chief economist.

But there are a couple silver linings for home buyers: prices are falling and inventories are rising.

Toll Brothers advanced Wednesday after the luxury homebuilder topped earnings estimates. Meanwhile, U.S. existing home prices continue falling.

The nation’s housing slump deepened in January as home sales fell for the 12th month in a row to the slowest pace in more than a dozen years

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…

The buying frenzy of a year ago is long gone. Home buyers have pulled away, sellers are holding back, and the whole housing market is locked in a deep freeze.

The December rate hike was the seventh bump in 2022, a year that saw mortgage rates swing wildly from 3.4% in January all the way to 7.12% in October before inching back down again.

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.

Home prices are sliding too, with the median price for existing-home sales sliding 1.5% in October to $379,100.