A townhouse for sale in the Upper East Side neighborhood of NYC. Adam Jeffery | CNBCSome of the heat is coming out of home prices, even though they're still higher than they were a year ago.Several new reports show the price gains are shrinking and home sellers are starting to...
Home prices set another record high in April, even as mortgage rates rose and the supply of homes for sale increased. Usually, under those circumstances, prices would weaken, but today's housing market is unlike any other in recent history.Prices in April rose 6.3% compared with April 2023, according to...
Homes in the Issaquah Highlands area of Issaquah, Washington, US, on Tuesday, April 16, 2024. David Ryder | Bloomberg | Getty ImagesSales of previously owned homes are sitting at a 30-year low, and didn't move much in May as prices hit a new record and mortgage rates remain high.So-called existing...
SAN ANSELMO, CALIFORNIA - NOVEMBER 30: A "sale pending" sign is posted in front of a home for sale on November 30, 2023 in San Anselmo, California. According to a report by the National Association of Realtors, pending home sales fell 1.5 percent in October to their lowest...
A pile of lumber at a home under construction at the Cold Spring Barbera Homes subdivision in Loudonville, New York, US, on Wednesday Nov. 8, 2023. Angus Mordant | Bloomberg | Getty ImagesSales of newly built homes dropped 4.7% in April compared with March, and fell a larger 7.7% from...
Homes in the Issaquah Highlands area of Issaquah, Washington, US, on Tuesday, April 16, 2024. David Ryder | Bloomberg | Getty ImagesSales of previously owned homes fell 1.9% in April from March to 4.14 million units, on a seasonally adjusted annualized basis, according to the National Association of Realtors. The...
Driven by the new work-from-home dynamic as well as by new migration patterns, rent prices were red-hot during the first years of the pandemic for both single-family and multifamily homes.Now different drivers are pushing some rents higher — and throwing cold water on others.Multifamily rents in April were 0.8%...
A Redfin sign in front of a home for sale in Atlanta, Georgia, on Sunday, Nov. 13, 2022.Elijah Nouvelage | Bloomberg | Getty ImagesStrong demand and tight supply continue to push home values higher, even though mortgage rates are now moving higher again.Home prices in February jumped 6.4% year...
Homes in Rocklin, California, on Tuesday, Dec. 6, 2022.David Paul Morris | Bloomberg | Getty ImagesThe average rate on the popular 30-year fixed mortgage crossed over 7% on April 1, according to Mortgage News Daily, and it just kept going. It now sits right around 7.5%, the highest level...
Prospective buyers attend an open house at a home for sale in Larchmont, New York, US, on Sunday, Jan. 22, 2023. Tiffany Hagler-Geard | Bloomberg | Getty ImagesSales of previously-owned homes dropped 4.3% in March compared with February, to a seasonally adjusted, annualized rate of 4.19 million units, according to...