The number of new homes up for sale in the U.S. South has reached an all-time high, new government data released this week revealed. 293,000 new homes were still on the market in June, exceeding the previous historical high of 291,000 homes reached in...
U.S. mortgage rates declined to their lowest level since February, potentially stirring a rise in demand following a drop in home purchase applications. The 30-year fixed mortgage declined by 5 basis points to 6.82% in the week ending July 19, data from the Mortgage...
Prospective homebuyers in the United States continue to remain on the sidelines amid all-time high prices. Real estate brokerage Redfin recently released a report that shows home sales in the U.S. are approaching their lowest level in a decade.
The home sales in May dropped...
Home prices have risen by 42% since 2020, with interest rates and borrowing costs jumping as well. As a result, homebuyers need to earn 80% more than they did in 2020 in order to comfortably afford housing, a new Zillow analysis found. With median...
The National Association of Realtors announced a settlement with groups of home sellers, in which the realtor association agreed to end antitrust lawsuits through a settlement involving the payment of $418 million in damages and the elimination of rules stipulating a 6% realtors' commission...
A study by real estate brokerage Redfin found that U.S. homeowners are remaining in their existing homes for longer than they did 20 years ago. On average, homeowners were found to be staying in their homes for almost 12 years, up from an average...
