Latest National Association of Realtors News

Average long-term mortgage rate falls a fourth straight week

Feb. 02, 2023 12:03 PM EST

The average long-term U.S. mortgage rate declined for the fourth week in a row, a sign of relative stability that could potentially open the door for some prospective homebuyers to get back in the market. Mortgage buyer Freddie Mac reported Thursday that the average on the benchmark...

2022 was slowest year for US home sales in nearly a decade

Jan. 20, 2023 11:38 AM EST

LOS ANGELES (AP) — U.S. home sales tumbled to the slowest pace in nearly a decade as soaring mortgage rates and sky high prices in 2022 pushed homeownership out of reach for many Americans. The National Association of Realtors said Friday that existing U.S. home sales totaled 5.03...

US home sales fell in November, the 10th consecutive month

Dec. 21, 2022 11:59 AM EST

LOS ANGELES (AP) — The housing market slump deepened in November as sales of previously occupied U.S. homes slowed for the tenth consecutive month — the longest such stretch on records going back to 1999. Existing home sales fell 7.7% last month from October to a seasonally...

This Week: Nike earns, home sales, consumer spending

Dec. 19, 2022 08:12 AM EST

A look at some of the key business events and economic indicators upcoming this week: Spotlight on Nike Wall Street expects that Nike’s latest quarterly snapshot will show mixed results. Analysts predict the athletic shoe and apparel maker’s fiscal...

Co-buying a house: How platonic partners make it work

Dec. 07, 2022 10:45 AM EST

Seven years ago, Phil Levin and his girlfriend, Kristen Berman, pondered a common question: Should we move in together? Levin assumed they’d take a predictable path and find a more affordable apartment outside of pricey San Francisco. But Berman, a behavioral scientist, shared her...

US home sales fell in October for ninth straight month

Nov. 18, 2022 12:13 PM EST

Sales of previously occupied U.S. homes fell in October for the ninth consecutive month to the slowest pre-pandemic sales pace in more than 10 years as homebuyers grappled with sharply higher mortgage rates, rising home prices and fewer properties on the market. Existing home sales...