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The average 30-year fixed mortgage rate rose 9 basis points to 6.6 percent.
Homeowners fearing large tax liabilities are choosing to ‘wait it out,’ slowing efforts to ease the housing shortage, real estate professionals say.
Several Sun Belt metros led the nation in seller imbalance, with Nashville topping the list of buyers’ markets.
Purchases exceeded expectations and matched the fastest pace since December 2025, even as prices rose, the National Association of Realtors said.
The report examined foreclosure rates, affordability, underwater mortgages, unemployment, and wages tied to homeownership risk.
New listings also hit their highest May level since 2022, according to Realtor.com.
It marks Berkshire’s first major purchase under new CEO Greg Abel.
The bipartisan legislative initiative aims to bolster supply for middle-class families.
Growth in median capital gains for investor-sold homes also slowed significantly, according to Redfin.
Rising mortgage rates and home prices have pushed up the median monthly housing payment to the highest level in 11 months.
‘Renters are in a position to push for a better deal, and property managers are ready to give them one,’ Zillow Senior Economist Kara Ng said.
Home price gains continued to slow in the first quarter.
Many lenders don’t want to foreclose because they don’t want to become landlords, according to a corporate real estate adviser.
Loan applications and pending sales weakened as the rising borrowing price weighs on buyer demand.
Georgia had the largest quarterly increase in such properties, followed by North Carolina and Indiana.
Redfin attributes the dip to buyers and sellers gaining a better sense of current market conditions.
Flint, Michigan, was named as the top affordable city.
The National Association of Realtors said buyers are entering the market with ‘cautious optimism’ amid economic uncertainty and rising mortgage rates.
The company’s net earnings fell by 4.2 percent year over year.
Nearly one-third of homebuilders in the United States slashed prices in May, according to the National Association of Home Builders.
