Latest National Association of Realtors News

Home sales tumble again as mortgage rates surge

May. 19, 2022 10:58 AM EDT

Sales of previously occupied U.S. homes slowed for the third consecutive month in April as mortgage rates surged, driving up borrowing costs for would-be buyers as home prices soared to new highs. Existing home sales fell 2.4% last month from March to a seasonally adjusted annual...

This Week: US retail sales, home sales, Deere & Co. earns

May. 16, 2022 00:17 AM EDT

A look at some of the key business events and economic indicators upcoming this week: SIZING UP RETAIL SALES The Commerce Department serves up its monthly tally of U.S. retail sales Tuesday. Economists predict sales at restaurants, shops and other...

March home sales fall as mortgage rates, home prices climb

Apr. 20, 2022 10:52 AM EDT

Sales of previously occupied U.S. homes slowed in March to the slowest pace in nearly two years as a swift rise in mortgage rates and record-high prices discouraged would-be homebuyers. Existing home sales fell 2.7% last month from February to a seasonally adjusted annual rate of...

This Week: Netflix and American Airlines results; home sales

Apr. 18, 2022 00:14 AM EDT

A look at some of the key business events and economic indicators upcoming this week: BINGE THIS Netflix serves up its latest quarterly snapshot Tuesday. The video streaming service giant is expected to report that its first-quarter earnings fell and...

Homebuyers stymied by fewer homes, high prices, rising rates

Apr. 13, 2022 11:21 AM EDT

LOS ANGELES (AP) — Shortly after moving to South Florida for a new job with the U.S. military, Shannon Kaufman and his wife, Wendy, signed up for a whole other mission: buying a home. For months, they scoured listings, strategizing late into the night on which homes to target and...

Numerous challenges for homebuyers this spring season

Apr. 13, 2022 09:30 AM EDT

While demand for homes has remained red hot, market conditions have slowed the pace of sales nationally compared with a year ago. Below are some facts and figures that show what prospective homebuyers are up against. — Just 870,000 homes were on the market as of the end of...

February home sales fall amid higher mortgage rates, prices

Mar. 18, 2022 11:21 AM EDT

Sales of previously occupied U.S. homes fell in February as competition for a near-record low number of properties on the market drove prices higher and rising mortgage rates kept would-be buyers on the sidelines. Existing home sales fell 7.2% last month from January to a seasonally...

This Week: Fed statement, FedEx earns, US home sales

Mar. 14, 2022 00:11 AM EDT

A look at some of the key business events and economic indicators upcoming this week: EYE ON THE FED The Federal Reserve caps a two-day meeting of its policymakers with an economic and interest rate policy update Wednesday. Most analysts project that Fed...

US judge suspends Oregon ban on homebuyer ‘love letters’

Mar. 07, 2022 18:46 PM EST

PORTLAND, Ore. (AP) — A federal judge last week issued a preliminary injunction blocking Oregon’s ban on so-called real estate “love letters” — the nickname for personal notes from prospective homebuyers to home sellers. In his court order issued last Friday, U.S. District...