New home sales rise in the South and West, but sag in Northeast

Mar 24, 2023
Affordability is attracting people to sunnier climes — and that's helping to heat up those regions' economies.
"The fastest-growing cities nationwide are located in the South and West, so builders are responding to that demand," says Odeta Kushi, deputy chief economist at First American.
Justin Sullivan/Getty Images

Existing home sales are down nearly 37%, NAR data shows

Feb 21, 2023
Prices are still rising, but more slowly. What does that mean for house hunters this spring?
"We're at a very interesting point in the U.S. housing market where many people feel like the 2023 could really go either way," says Igor Popov, chief economist at Apartment List.
Mario Tama/Getty

As demand shifts, some businesses are weighed down with too much inventory

Feb 8, 2023
Especially those closely tied to the housing market.
Slowing home purchases have left some businesses tied to the housing market — like appliance wholesalers — with a glut of product.
Joe Raedle/Getty Images

More buyers are backing out of housing contracts

Jan 26, 2023
They're down about 26% compared to a year ago.
When buyers back out of contracts, that can slow down construction of new homes, said Clint Mitchell, CEO of Estridge Homes in Indianapolis.
Jim Watson/AFP via Getty Images

Renting is now cheaper than owning in most of the country

Jan 20, 2023
A new report from ATTOM says it's now cheaper to rent than own a place in most parts of the country.
A new report says that renting a place in most of the country has become cheaper per month than owning. 
Frederic J. Brown/AFP via Getty Images

The housing market was a roller coaster ride this year

Dec 21, 2022
Those looking to buy have spent much of 2022 adjusting and readjusting to higher mortgage rates.
This week's housing numbers weren't a good sign for the market, but there's hope a slowing of interest rate hikes could breathe life back into the sector.
Mario Tama/Getty Images

Are rising mortgage rates already cooling the hot real estate market?

Jun 20, 2022
The number of pending sales is down from last year, but homes are still selling quickly.
Mortgage rates have doubled since a year ago to about 6%, but homes are still selling swiftly.
Frederic J. Brown/AFP via Getty Images

For public good, not for profit.

The housing market is finally starting to cool off

Jun 16, 2022
Mortgage rates are up. Realtors are being laid off.
High mortgage rates means reduces the pool of potential homebuyers. Fewer buyers could mean houses are on the market longer, which could prompt sellers to reduce prices.
Chris Delmas/AFP via Getty Images

Why are there still so few houses for sale?

May 31, 2022
Sellers who don't want to become buyers and the refinancing craze play roles in the lack of supply.
On a typical day in April 2019, about 1.2 million homes were for sale in the United States. Last month, it was a little over 400,000. 
Frederic J. Brown/AFP via Getty Images

Why mortgage rates have been falling recently

May 31, 2022
They're sliding even though the Federal Reserve has been raising interest rates this year.
Given how much mortgage interest rates have risen over the last year, demand could be slowing down.
Justin Sullivan/Getty Images