The U. S. housing market is feeling the pinch. Home sales in May barely budged, rising just 0. 8% from April. This sluggish pace is the slowest for May since 2009, a year when the market was still recovering from a major crash. Compared to last year, sales dropped by 0. 7%, showing that the housing market is still struggling. Prices are still climbing, but not as fa...
The confidence of homebuilders has taken a hit, reaching near-record lows in June 2025. This drop is largely due to higher mortgage rates and economic uncertainty. The National Association of Home Builders and Wells Fargo Housing Market Index (HMI) showed a decline in builder sentiment, falling 2 points to 32. This is a stark contrast to June 2024, when the index wa...
First-time homebuyers are facing a tough market. Prices and mortgage rates are high. This can make it hard to find a good deal. But, there are ways to make it easier. One big factor is where you choose to buy. Some places have lower prices and more options. This can make a big difference in how much you spend. A recent study looked at 180 cities in the U. S. ...
In April, the housing market took a hit. Sales of existing homes slowed down to a pace not seen since 2009. This drop happened despite a growing number of jobs in the economy. The slowdown is due to high interest rates and a lack of confidence among buyers. The National Association of Realtors reported that sales fell slightly from March to April. This drop was unexp...
The housing market is facing a tough start to the spring season. The reason is a mix of higher mortgage rates and worries about the economy. This has led to a slowdown in home sales. In March, sales of previously owned homes dropped by 5. 9% compared to February. This brings the annualized rate to 4. 02 million units. This is the slowest pace since 2009. Compar...
The spring housing market is finally kicking into gear, but will buyers be eager to jump in? There are a lot of factors to consider. For starters, mortgage rates and home prices are both quite high. The average 30-year mortgage rate is around 6. 65%, which is a bit lower than it was in January but still pretty steep. Experts think these rates will stick around for a ...
The mortgage industry is buzzing with news of a major merger. Rocket, a leading mortgage company, is set to acquire Mr. Cooper, a significant competitor, in a deal worth $9. 4 billion. This move comes hot on the heels of Rocket's recent acquisition of Redfin, a real estate listing company. The merger will create a powerhouse in the mortgage industry. Together, the c...
Homeowners and buyers are in for a surprise. Prices for new homes and renovations are set to rise. Why? Tariffs on imported goods from Canada, Mexico, and China are driving up the cost of building materials. This isn't just about lumber. It's about everything from appliances to steel. The National Association of Home Builders predicts that the cost of building a sin...
The housing market faced a tough start in January. Sales of previously owned homes dropped by 4. 9% from December. This means fewer people were buying homes than the month before. The main reasons? High mortgage rates and rising prices. Even though there were more homes available, many people couldn't afford to buy. The good news is that sales were up by 2% ...
Texas has seen a massive population growth in recent years. More than two million people have moved to the state since 2020. In 2024 alone, nearly 563, 000 people made the move to the Lone Star State. Texas now has a population of 31. 29 million people. This population explosion is due to many factors. Affordable housing, a strong economy, and a pleasant climate a...