Luxury remains one of the most resilient segments of real estate, seeing continued success and some new developments leading to potential growth, according to a new report from Sotheby’s International Realty®. Sotheby’s 2026 Mid-Year Luxury Outlook noted that despite overall challenges to the housing market, luxury real estate continues to perform relatively strongly, with more…
Harvard’s Joint Center for Housing Studies (JCHS) released its State of the Nation’s Housing Report 2026 on June 17 and revealed a market where activity remains restrained, demand is weakening and high costs are sidelining many would-be buyers and renters, even as new construction slowly chips away at supply shortfalls. In a livestreamed event the…
Summer arrives with a positive sign for the housing market, as the National Association of Realtors®’ (NAR) pending home sales report shows growth month-over-month and year-over-year in May 2026. Gains were felt across all four major regions of the United States. “A late spring buyer rush—even with mortgage rates not budging—is an indication of pent-up…
Home sales are expected to be modestly better in the second half of 2026, provided that inventory and housing supply continue to expand, as National Association of Realtors® Chief Economist Dr. Lawrence Yun said during the Residential Economic Issues and Trends Forum at the 2026 REALTORS® Legislative Meetings. NAR’s current forecast calls for existing-home sales…
Housing construction took a definite hit in May as inflation reached new peaks and affordability remains challenged, as seen in recent data from the U.S. Department of Housing and Urban Development and the Census Bureau. The latest New Residential Construction report saw housing starts clock in at a rate of 1,177,000 in May, down a…
Builder sentiment remains subdued as rising material costs, elevated mortgage rates and ongoing affordability challenges continue to strain the housing market. Builder confidence in the market for newly built single-family homes fell two points to 35 in June, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released June 15.…
Consumers are feeling some minor relief as summer approaches, however the weight of economic challenges is still exuding some downward pressure, according to the latest data from the University of Michigan. In the preliminary results for June, the Index of Consumer Sentiment saw a positive shift for the first time in three months, jumping up…
Despite mortgage rates remaining elevated due to ongoing economic pressures stemming from the Middle Eastern conflict, the market continues to paint a picture of resilience as this spring sees many signs grow historically better. Zillow’s May Market Report saw monthly mortgage payments on a typical home (currently valued at $368,720) clock in at $1,861 (assuming…
Decisions about data vendors are, at their core, decisions about operational efficiency and marketplace integrity. MLSs serve as the governing institutions of their local real estate markets. They establish rules of cooperation, ensure accurate and timely information and provide the shared system that enables professionals to serve consumers effectively. At the center of that responsibility…
Despite a high-rate environment and continued economic challenges, borrowers continue to find pockets of opportunity as mortgage applications saw a jump this week, according to the latest data from the Mortgage Bankers Association. MBA’s latest Weekly Mortgage Applications Survey saw overall mortgage applications jump 10.8% for the week ending June 5, 2026, up from last…
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