Latest National Association of Realtors News
US home sales fall for the 3rd straight month in May amid rising mortgage rates, record-high prices
LOS ANGELES (AP) — Sales of previously occupied U.S. homes fell in May for the third straight month as rising mortgage rates and record-high prices discouraged many prospective homebuyers during what's traditionally the housing market’s busiest period of the year. Existing home...
This Week: Existing home sales, retail data for May and Kroger's first-quarter results
A look at some of the key business events and economic indicators upcoming this week: RETAIL RECEIPTS The Commerce Department on Tuesday reports retail sales data for May. Analysts expect that retail sales rose 0.3% last month after stagnating in April....
Mortgage rates snap three-week pullback, pushing average rate on a 30-year home loan back above 7%
LOS ANGELES (AP) — The average rate on a 30-year mortgage moved back above 7% this week, a setback for home shoppers at a time when the U.S. housing market is already slowing under the strain of elevated home loan borrowing costs and rising prices. The rate rose to 7.03% from 6.94%...
U.S. existing home sales drop 1.9% in April, pushed lower by high rates and high prices
WASHINGTON (AP) — High mortgage rates and rising prices continued to put a damper on the spring homebuying season last month. Existing home sales fell 1.9% to a seasonally adjusted annual rate of 4.14 million in April from a revised 4.22 million in March, the National Association...
This Week: Home sales, Fed meeting minutes and consumer sentiment index
A look at some of the key business events and economic indicators upcoming this week SPOTLIGHT ON HOUSING The National Association of Realtors releases its monthly snapshot of existing U.S. home sales Wednesday. Economists project that sales of...
Redfin agrees to pay $9.25 million to settle real estate broker commission lawsuits
Redfin has agreed to pay $9.25 million to settle federal lawsuits that claim U.S. homeowners were saddled with artificially inflated broker commissions when they sold their home as a result of longstanding real estate industry practices. The online brokerage and real estate services...
Berkshire Hathaway's real estate firm to pay $250 million to settle real estate commission lawsuits
LOS ANGELES (AP) — A real estate company owned by Warren Buffett’s Berkshire Hathaway has agreed to pay $250 million to settle lawsuits nationwide claiming that longstanding practices by real estate brokerages forced U.S. homeowners to pay artificially inflated broker commissions when they sold...
Sluggish start for spring homebuying season as home sales fall in March with mortgage rates rising
LOS ANGELES (AP) — The spring homebuying season is off to a sluggish start as home shoppers contend with elevated mortgage rates and rising prices. Sales of previously occupied U.S. homes fell 4.3% in March from the previous month to a seasonally adjusted annual rate of 4.19...
