Housing markets

Plaintiffs accuse the NAR and the multiple listing services of antitrust violations because of rules around shared broker compensation fees.

Rising interest rates during June worked to hold potential new homebuyers out of the market, the Mortgage Bankers Association's Builder Application Survey found.

As affordability worsened for prospective buyers, owners saw their first quarterly rise in proceeds in almost a year.

Contract closings declined 3.3% to a 4.16 million annualized pace, roughly in line with economists' forecasts, National Association of Realtors data showed Thursday.

Residential starts fell 8% last month to a 1.43 million annualized rate, according to government data released Wednesday.

About 14 out of every 1,000 US homes changed hands during this period, down from 19 in the same period during 2019, according to the real estate brokerage's report examining housing turnover since the pandemic.

Despite the improvement in sentiment, the homebuilder index remains below end-of-2021 levels, when mortgage rates were lower

The nearly 8% growth on a seasonally adjusted annualized basis is well above the historical average, according to the government-sponsored enterprise.

Even though the price of softwood lumber has climbed up by more than 7% in the last three months, it sits 21% below its level from a year ago.

The chattel financing firm's cash infusion is in addition to a $15.5 million venture round in 2022 and a Series A earlier this year.

Mayor Michelle Wu is offering hefty tax breaks to companies to turn offices into housing, the latest example of a city seeking to address the challenges of remote work hitting downtowns and a lack of affordable residences.

Democratic senators including Banking Chair Sherrod Brown and Elizabeth Warren want to restrict tax breaks for large corporate investors that buy local homes and often drive up costs.

Ten Western states that benefited from a pandemic-driven boom reported value declines in May, CoreLogic said.

Construction is heating up, but just 40% of new units are single-family residential properties, the firm's data analytics arm said.

Fannie Mae's Home Purchase Sentiment Index recorded a little more optimism in July.

With new home listings down 25% since last year, bidding wars have become the norm, according to the brokerage.

There's quite a bit of inventory out there that would have otherwise been returned to the market but for unduly harsh political theater writes the CEO of the National REO Brokers Association.

Measures commonly used may not fully account for regional variations like those seen recently, a working paper by Federal Housing Finance Agency staff finds.

The latest quarterly increase in revenue comes as other reports show home values heading upward and affordability declining.

Those living in San Francisco and New York want to switch cities in higher proportions than ever before, the brokerage and search platform found.