home sales

Pending home sales and housing starts are down. Meanwhile, mortgage rates hover above 6.5%.

The problem? A combination of interest rates (too high) and housing supply (too low).

Home prices rose just 1.4% in the 12 months through October, the weakest performance since mid-2023, according to the Case-Shiller National Home Price Index.

Home-price inflation is moderating, and mortgage rates are likely to fall farther.

Experts predict a gradually improving market, with some big caveats.

The latest survey from the National Association of Home Builders showed confidence ticked up in December, but two-thirds said they’ve had to offer incentives lately to get buyers to commit.

According to recent data from Zillow, housing inventory and pending home sales both rose 5% last month.

The home furnishings marketplace has done well thanks to smaller purchases.

Both the housing market and the job market appear to be stalling, leaving some people stuck in the economy.

Mortgage rates are edging lower, but it’s too early to tell whether that will get buyers off the sidelines.