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The Latest Breaking News from NAR

Is the housing market about to crash? Here’s what experts say

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 started slowing in late 2022. Mortgage companies engaged in mass layoffs, real estate economists lamented a “housing recession” and home prices seemed poised for a correction.

Tribune News Service

Home sales inch up in May amid record-low inventory and biggest annual drop in prices since 2011

Sales of previously occupied U.S. homes edged higher in May and the national median sale price posted its biggest annual drop in more than a decade, even as the supply of available properties sank to an all-time low

The Independent UK

Christian right's dark new crusade

Rising far-right Christian movement linked to GOP calls for "kingdom revolution" led by an "army of believers"

Salon

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The States Gaining and Losing the Most People

Here are the states where people are moving to most, and the states people are leaving overall, based on net migration figures.

The Street

Lennar Stock Jumps On Earnings As Homebuyers Accept 'New Normal' For Interest Rates

Analysts expected quarterly profits for Miami-based Lennar to fall around 50% with revenue also decreasing even as home demand has climbed.

Investors Business Daily

Here's the House Price You Can Afford On a Six Figure Annual Salary

The 'American Dream' of home ownership is fading fast.

The Street

Homebuilder Stocks Surge To New Highs Ahead Of Fed Meeting, Lennar Earnings

The IBD homebuilder industry group ranks fifth out of 197, with the group advancing 29% in 2023.

Investors Business Daily

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Floor & Decor Stock Is IBD Stock Of The Day, With Building Retailer Surging 34% In 2023

Floor & Decor leads its industry group and is setting up near a buy point even as even as existing-home sales fall.

Investors Business Daily

Realtors are leaving the housing market in droves

Tens of thousands of realtors are giving up on the profession after their ranks swelled earlier in the pandemic when the housing market was soaring.

Axios

Bankrate: Existing-home sales, prices decline again

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…

Tribune News Service

Home sales, prices fell in April as limited listings, elevated mortgage rates frustrate buyers

Sales of previously occupied U.S. homes fell again last month, more evidence that many prospective homebuyers are being held back by a persistently low inventory of homes for sale and elevated mortgage rates

The Independent UK

The Income You Need to Buy a House in 20 of the Best Places to Live

You don't have to earn six figures to buy a house in some of the most desirable markets.

The Street

Surprising News About Marijuana Legalization You Need to Know

Legal pot hasn't improved this sector the way many hoped it would.

The Street

Here's Where Housing Prices Are Falling and Rising the Most

Black Knight home price data found the biggest home price increases in Miami and Orlando last year.

The Street

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The Street

Home Prices Just Fell For The First Time In 11 Years

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

The Independent UK

US home sales surged in February as mortgage rates dipped

Sales of previously occupied U.S. homes surged in February to the fastest pace in six months as homebuyers seized on a modest drop in mortgage rates and slight pullback in prices

Tribune News Service

Majority of Hispanic Americans own a home as incomes rise

A majority of Hispanic Americans now own a home, a milestone that was reached in part thanks to demographics and income growth.

Fortune

Millennials’ decision to live with their parents has paid off

Some also paid off a chunk of student loan debt.

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news in one place.

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Fortune

Zillow says the home price correction is winding down—here’s what 28 other forecast models have to say

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

Tribune News Service

Existing home sales fall again in December

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…

Roll Call

US Chamber of Commerce dips to second place in K Street spending - Roll Call

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

The Independent UK

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

Tribune News Service

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.

The Street

Finally There's Some Good News for Renters

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

The Street

Home Sales Fall Again But May Be Close to Bottom

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

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