Home sales surged in May to the highest level since December
Home sales rebounded in May as mortgage rates dropped back a bit in April, but prices are still rising.
Home sales rebounded in May as mortgage rates dropped back a bit in April, but prices are still rising.
The denial rate in loan applications was 15.1% in 2024, up from 12.2% in 2021, a rise that occurred alongside surging mortgage rates, the St. Louis Fed found.
Frustrated sellers are pulling their homes off the market at an increasingly high pace, as demand weakens and bidding wars wane.
Pulte is widely viewed as a Trump loyalist who has targeted the president's political foes during his tenure leading the housing regulatory agency.
Mortgage rates fell slightly last week, but neither current homeowners nor potential homebuyers were inspired. Demand for mortgages fell overall.
Intelligence community veterans have warned that Pulte is ill-prepared for the job and could target Trump's foes in the role.
In his role atop the housing finance agency, Bill Pulte has used his access to mortgage records to refer some top Trump opponents for prosecution.
Pulte has alleged wrongdoing related to mortgages against Trump's foes, Federal Reserve Governor Lisa Cook and New York Attorney General Letitia James.
Insurance premiums have soared for many homeowners in recent years, but there are steps policyholders can take to reduce them, experts said.
Berkshire's purchase of homebuilder Taylor Morrison gives the conglomerate a larger foothold in housing and appears to have been struck at a bargain valuation.
Analysts say the deal between Berkshire Hathaway and Taylor Morrison signals that the housing market may have bottomed.
The acquisition marks one of the first major strategic deals under Warren Buffett's successor Greg Abel, who took over as CEO in the beginning of 2026.
Inflation, climate change and other factors have combined to push up premiums for homeowners insurance — with broad implications for consumers and the economy.
Mortgage rates rose to the highest level in nine months, hitting refinance demand hardest. Homebuyers also pulled back but were still more active than last year.
Wells Fargo will provide a 50 basis point lender credit to buyers of Icon homes using its mortgages.
The deal will create one of the largest real estate companies in the U.S., with more than 180,000 rental apartments.
Mortgage rates continued to rise last week, causing more borrowers to head to adjustable-rate loans, which are cheaper but considered riskier.
The U.S. House approved an updated housing affordability bill after removing industry-opposed requirements on selling build-to-rent homes.
Mortgage rates continued to move higher Tuesday on uncertainty over the war with Iran. They are at the highest level since last July.
Builders are feeling slightly better about the housing market, as they see improved buyer traffic in a potential late spring surge.
The continuing fallout from MFS' collapse has heightened fears that problems in complex credit markets pose a broader systemic risk.
Rising property taxes and surging homeowners insurance costs are pushing up the amount that homeowners must pay monthly alongside their mortgage.
Mortgage rates surged to the highest level since March in reaction to two hotter-than-expected inflation reports.
Mortgage rates continued to climb higher, but stronger homebuyer demand helped to keep mortgage applications in positive territory.
New York is moving ahead with a pied-à-terre property tax in its budget. Existing taxes from around the world's major cities show the limits of the policy.
Collectively, Americans owe $1.25 trillion on their credit cards, according to a new report by the Federal Reserve Bank of New York.
Real estate sales in Manhattan worth $4 million or more increased in the past month, according to Olshan Realty.
Home sales barely moved in April, as mortgage rates shot higher the month before and uncertainty over the war with Iran weighed on consumers.
As public support for large-scale data center buildouts declines across the U.S., a new type designed to operate inside individual homes is coming.
Mortgage rates rose last week, causing loan demand to drop back and causing the average loan size to rise — indicating that lower-income borrowers dropped out.
Elon Musk's $119B Terafab files for school district tax breaks after landing county exemption Jun 09, 2026
The AI data center tsunami is coming. The jobs are not. Jun 09, 2026
Texas Southern University makes second permanent C-suite hire as turnaround continues Jun 09, 2026
eXp World Holdings to Participate in the D.A. Davidson Technology & Consumer Conference May 27, 2026
NextHome Expands Southern California Footprint with Two New Coastal Offices May 11, 2026
eXp World Holdings Reports Q1 2026 Results May 11, 2026