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Contract signings for home sales stalled last month, even as some indicators show hope for a rebound.
Although existing-home sales disappointed in June, prices continued their rise. Owners have netted more than $140,000 in appreciation on average in the last five years alone.
About 5.5 million more households would be able to afford a home if rates drop to this magic number.
This member-exclusive tool gives you quick access to the latest trends in housing affordability, home prices, sales activity, listings and more.
Mortgage forbearance involves pausing mortgage payments in the event of financial hardship. Learn about mortgage forbearance's impact on the housing market.
The real estate market is opening opportunities for prospective home shoppers, but a big segment of buyers remains largely shut out.
May brought slightly more contract signings than April, closing out a spring marked by slow movement, according to new pending home sales data.
With rates and prices stabilizing, home sales will continue the upward trajectory that started in the final months of 2024.
With rising inventory and the expectation of continued Fed rate cuts, increased sales can’t be far behind.
Getting the existing-home market back in balance is a delicate task.
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