News

New home sales fell 13.7% in May, showing that the housing market is in a freeze. Redfin said this month that unsold inventory is at a record high.
U.S. existing home sales dropped to a nine-month low in June as higher mortgage rates and economic uncertainty keep potential buyers on the sidelines, pointing to a deepening housing market slump.
"Housing will thus soon be a full-blown headwind to broader economic growth," warns Moody's Chief Economist Mark Zandi.
Home price gains are shrinking quickly and in some cities are actually now lower compared with a year ago. This is due to ...
Experts were expecting a rebound in the US housing market in 2025. ... the U.S. housing market is in a bit ... "But we don't anticipate a larger price decline because many sellers will sit on the ...
The aggregate value of homes for sale in the US has climbed to $700 billion, an all-time high. Despite the flood of inventory, buyers haven't been lured to the market in 2025. This year was ...
Over six months into the year, however, this forecasted scenario has failed to come to life. Instead, the U.S. housing market is in a bit of a slump, as growing inventory is piling up in the ...