News / Features
New-home inventory rose to 444,000 homes in May from 437,000 homes in April, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.
Meanwhile, existing-home sales slid 3.4% from April to a seasonally adjusted annual rate of 5.41 million, according to the National Association of REALTORS®.
Nationwide, sales fell 8.5% annually and rose 5.8% monthly, as rising interest rates and home prices weighed on homebuyers’ purchasing power, RE/MAX said.
New-home completions rose during the month, however, with the increased inventory representing a rare bright spot in an otherwise gloomy government report.
The Federal Reserve raised interest rates by .75% today: the sharpest increase since 1994. How will that affect real estate?
Two major real estate firms are cutting their workforces amid a cooling housing market. Compass and Redfin are laying off 10% and 8% of their current staffs, respectively.
Lumber prices, once emblematic of widespread supply-chain woes, are finally beginning to fall. How will this affect the housing market?
Your dream home is ready for excavation in Cleveland, Ohio. With large dinosaur statues playing out prehistoric scenes, this three-bedroom colonial is like no other home on the market.
A new Zillow survey revealed that 50% of Americans cry while buying a home, with Gen Z and millennial buyers far more likely to shed tears at least once during their home-buying journey.
Nationally, the index posted its highest annual increase ever.