The Latest Breaking News from NAR

Some also paid off a chunk of student loan debt.

Fortune once again tracked down the latest home price forecasts from 29 of the nation's leading real estate researchers.

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…

Mega-bills fueled the influence business in 2022, as lobbyists pivot to dealing with divided government in 2023.

Sales of previously occupied U.S. homes slumped nearly 18% in 2022, the slowest year for the housing market in nearly a decade

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.

Surging mortgage rates and lofty home prices are putting the hammer on home sales.

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

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.

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.