Buyers who are waiting for rates to come down before making their home purchase will likely have to wait until next year for that to happen, according to economists commenting on this week’s mortgage data. Mortgage rates changed little from last week, with the latest Freddie Mac Primary Mortgage Market Survey® showing the 30-year fixed-rate…
The new home market continues to face adversity due to economic challenges, as the latest data from the Department of Housing and Urban Development (HUD) and the Census Bureau saw sales reach a new low for 2026. New-home sales in July clocked in at a rate of 607,000, down 10.5% from June’s upwardly revised rate…
In the face of ongoing geopolitical uncertainty and economic headwinds, consumers’ feelings about the economy remain dim. The nonprofit research firm, The Conference Board, released its latest month report Aug. 25, with its Consumer Confidence Index falling by 0.8 points to 89.4. July’s revised estimate was 90.2, leaving behind nearly a whole point between the…
The S&P CoreLogic Case-Shiller Index, the flagship measure of U.S. home prices, recorded a 1.5% annual gain for June 2026, up from a 1.2% rise in the previous month. But for the 13th consecutive month, U.S. home values fell in real terms, as June’s 3.5% inflation ran roughly two percentage points above the 1.5% home-price…
The newly named Real REMAX Group announced on Aug. 24 the successful completion of the previously announced business combination between The Real Brokerage Inc. (Real) and RE/MAX Holdings, Inc. (RE/MAX Holdings). The companies said in filings with the U.S. Securities and Exchange Commission that all customary closing conditions had been met. Real’s common shares and…
A dozen or so upper-level Fannie Mae employees were dismissed last week, according to various media sources, including the Wall Street Journal. All of the departures were said to be involuntary, with AI proficiency cited as a possible cause. The eliminated roles included core areas such as multifamily lending, capital markets, finance and regulatory affairs. …
Homebuyers starting families have always come into the market with a checklist of needs and wants for their future home—number of bedrooms, bathrooms, yard, garage, etc. But they also often have needs and wants when it comes to location—walkability, schools, stores, etc. In a more affordability-challenged market over the past few years, these needs and…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. eXp denied judgment ahead of trial, though Sanford scores win Judge Andre Birotte of the federal central district of California ruled late last week that a jury will decide whether eXp is liable…
Minutes before a high-stakes trial was about to begin, the Federal Trade Commission (FTC) announced that Zillow has agreed to “unwind” its $100 million partnership with Redfin in the rental listing market, after it accused Zillow of an unlawful buy-out to decrease competition for rental listings. Redfin will be required to re-start its rental business…
Higher mortgage rates, rising construction costs and economic uncertainty pressured housing affordability to reverse course in Q2, after showing improvement in the prior three quarters, according to the latest data from the National Association of Home Builders (NAHB). The NAHB/Wells Fargo Cost of Housing Index (CHI) for Q2 found that a family earning the nation’s…
| Newer Posts | Older Posts |