The gap between new builds and existing homes has narrowed, presenting an opportunity for real estate agents and buyers to navigate a tough affordability environment.
New home purchase mortgage applications fell 4.5% year-over-year in May, with estimated sales down 12.1% from April, the MBA said.
Before you start house hunting, use tools and formulas to estimate how much house you can afford.
Housing starts fell 9.8% in May, driven by a sharp drop in multifamily construction, while single-family starts were mostly flat amid ongoing market pressures.
Sellers outnumber buyers by 500K nationwide, the widest gap in over a decade, as listings rise and buyers remain cautious amid high mortgage rates.
New research shows dark olive green and rich navy blue are the value-boosting colors of 2025. Buyers prefer dark shades of green, blue and gray.
New laws boost housing, end the business rent tax, strengthen property rights and improve condo transparency. Some measures still await the governor’s signature.
Builder confidence eased in June, but increased price incentives reflect efforts to make homes more affordable and attract buyers in today’s market.
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Mortgage applications for home purchases climbed to the highest level in more than a month, even as interest rates barely budged.
