Elevated mortgage rates made home sales dip in New York, agents say
The number of homes sold across New York fell nearly 11% in the past year, a sign that mortgage rates near 7% are spooking would-be buyers, the state's realtor association said.
The West was best in May for contracts to sell houses
The Western U.S. saw the biggest upswing in pending sales of existing single-family homes and condos in May among the country’s four major regions, with a 6% increase over the prior month.
Pittsburgh launches pilot program to clear titles so residents can buy tax-delinquent homes faster
Pittsburgh has introduced a pilot program this week to encourage first-time buyers to purchase tax-delinquent homes directly from the city.
Maine's median home price jumps 6%, reaches record high of $425,000
Americans typically head to Maine for vacation and to enjoy a lobster roll, but figures released this week indicate that more people are entering the Pine Tree State to buy a home.
Falling new home sales expected to weigh on outlook for future development
Sales of new U.S. homes are tumbling as the supply of unsold units rises, and that combination has created a murky outlook for an industry struggling to rebound from elevated mortgage rates and skeptical buyers.
In Pennsylvania, home listings jumped 12% year over year in May
Pennsylvania's housing market has shown "positive momentum" this spring, with a big jump in the number of homes for sale, the state's realtor group said.
Luxury home purchases cool in wake of early-spring stock market shakeup
As high mortgage rates chilled the existing home sales market over the past year, one bright spot was luxury properties. That changed last month as sales of homes priced at $1 million or more declined, which could be a result of worries about the economy.
Exclusive Homes.com data reveals housing supply approaching pre-pandemic levels
The long-awaited housing market recovery that was all but promised this year has yet to materialize. But there might be a glimmer of hope: Inventory is soaring.
Single-family housing starts face uninspired end to 2025
A slowdown in permits and sinking homebuilder confidence foreshadow a mostly somber outlook for U.S. house construction, analysts say.
Exclusive: Home prices grew just 1% in May
The latest signal that a buyer's market is coming: Home price growth slowed for the fifth month in a row in May.
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