Housing markets

The property was previously shopped as the Romanov Estate in 2021 and marketed at $60 million in 2022 by Icon Global, but it wasn't officially listed.

Volume was lackluster on account of elevated rates and low inventory, Black Knight's report said.

With spring selling season typically giving way to a slower summer, investors are focused on whether resilient buyer demand, solid home prices and a potential Fed pause will support further homebuilder outperformance through the end of this year.

Average monthly payments fell by 0.6% year-over-year to $1,995, marking the largest annual decline since March 2020.

Households saw an average annual decrease of $5,400 earlier this year, but recent price trends point to some of that value returning, according to a new CoreLogic report.

Approximately 320,000 properties valued up to $256,000 are missing from the market, a report from the National Association of Realtors and Realtor.com found.

A larger share of sellers were optimistic in May, but the percentage of enthusiastic buyers fell, according to Fannie Mae's Home Purchase Sentiment Index.

Government-backed activity, though, managed to grow, which helped to shrink purchase-loan sizes to their smallest in over two months, the Mortgage Bankers Association said.

Construction activity in smaller cities also saw a significant annual decline, according to the National Association of Home Builders.

Worries about unknown future expenses and the state of their own finances are also causing anxiety for over 80% of U.S. consumers, according to new research from BMO.

But scarce housing inventory has helped to bring home equity values back upward, offsetting some of the losses of late 2022.

Businesses in the first quarter lost money in 1 of every 7 home sales, a rate which approached a seven-year high, Redfin said.

But more potential owner-occupants are entering this market as a result of tight housing market conditions, Auction.com found.

It was the eighth consecutive quarterly decline of origination activity, according to a report published by Attom Data.

The 30-year average for both conforming and jumbo loans jumped more than 20 basis points, according to the Mortgage Bankers Association.

Prospective borrowers are looking at cross-country moves more often than a different domicile within their city's borders, the real estate platform found.

But there are regional variations in housing markets across the country, the Federal Housing Finance Agency said.

The decrease between February and April came in far smaller than typical seasonal trends, Redfin said.

U.S. pending home sales stagnated in April as high mortgage rates paired with limited inventory continued to curb buyer demand.

Manufactured units, down payment assistance and bond investments could help alleviate some of the issues facing aspiring homeowners, but inventory issues will persist, a panel of experts said.