Real Estate News
Below are the latest real estate news headlines for buyers and sellers.Real Estate
Pending home sales post surprise increase in May, likely due to brief pullback in mortgage rates
Pending home sales, a measure of signed contracts on existing homes, rose slightly in May, up 0.7% compared with April. Read Article
Demand for adjustable-rate mortgages surges, as interest rates make biggest jump in 13 years
Mortgage rates surged to the highest level since 2008, but more buyers applied for loans, perhaps concerned rates would move even higher. Read Article
Sales of existing homes fell in May, and more declines are expected
Sales of existing homes in May fell 3.4% to a seasonally adjusted annualized rate of 5.41 million units, according to the National Association of Realtors. Read Article
Here's why this housing downturn is nothing like the last one
The housing market has cooled off a bit after an incredibly hot stretch fueled by the pandemic. That doesn't mean it's about to be 2007 all over again. Read Article
'I can't win in this market': Why LGBTQ homebuyers say mortgage rates are hitting them especially hard
The rapid rise in home prices, followed by a spike in mortgage rates, is particularly impactful for LGBTQ homebuyers. Read Article
43% of homeowners have delayed home improvements and maintenance due to inflation. Here's why that's risky
If inflation is squeezing your budget, there are steps you can take as a homeowner to help avoid costly fixes. Read Article
China's property troubles have pushed one debt indicator above levels seen in the financial crisis
A measure of risk levels for Asia debt surpassed its 2009 financial crisis high, thanks to a surge in downgrades of Chinese property developers, Moody's said. Read Article
Millennial millionaires are delaying home, car purchases due to inflation
Nearly half of millennial millionaires say higher borrowing costs are causing them to delay buying a car, and 44% say higher interest rates have caused them to delay purchasing a home. Read Article
Here's what the Federal Reserve's 0.75 percentage point rate hike — the highest in 28 years — means for you
The Fed announced its highest rate hike in 28 years to fight inflation. Here's how that impacts your credit card, mortgage, car loan, student debt and savings. Read Article
Homebuilder sentiment drops to lowest level in two years as housing demand slows
Builder sentiment is getting hit by higher interest rates, which are causing a slowdown in housing demand. Read Article