Housing markets

Pending sales of previously owned US homes rose in March by the most in more than a year as a brief dip in mortgage rates and a rising supply of houses brought out spring shoppers.

The real estate industry is at the forefront of a lobbying blitz to sway Congress to preserve the carried interest tax break that President Donald Trump wants to abolish in a giant tax bill pending in Congress.

While the nation's largest housing markets in New York and Chicago enjoyed greater annual home price appreciation, home values fell 1.5% in Tampa.

The Wisconsin class action would retroactively award relief to some former homeowners and comes two years after a Supreme Court ruling in a similar case.

Doug Duncan may be retired from Fannie Mae, but not from the housing market—his new firm is ramping up with writing, speaking, and advisory work.

It is quite likely March's drop in the Purchase Application Payment Index will be transitory as mortgage rates have increased since the start of April.

Sales of previously owned US homes fell in March by the most since 2022 as buyers remained constrained by high mortgage rates and prices.

Whether current conditions favor buyers or sellers is up for debate, as economic uncertainty begins to influence consumer behavior, The Real Brokerage said.

Homebuilding industry CEOs said tariff impacts would likely be felt in the back half of the year, but affordability concerns are applying pressure now.

Purchases of new single-family homes increased 7.4% in March to an annualized rate of 724,000, mostly driven by a surge in the South, according to government data released Wednesday.