National News

10 markets where buyers retain an edge

Realor.com has compiled a list of the 10 markets where homes are lingering the longest — giving buyers a rare edge.

The South shows strongest price, according to new S&P CoreLogic Case-Shiller Index

What does the latest S&P CoreLogic Case-Shiller Index reveal about Houston real estate?

Pending-home sales post surprise increase in May 

The increase ends a six-month string of monthly declines, the National Association of REALTORS® said.

Surprise surge in new-home sales in May as median price falls 

New-home inventory rose to 444,000 homes in May from 437,000 homes in April, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.  

Median existing-home price tops $400,000 for first time in May 

Meanwhile, existing-home sales slid 3.4% from April to a seasonally adjusted annual rate of 5.41 million, according to the National Association of REALTORS®. 

RE/MAX: Home sales fall 8.5% year over year in May

The number of homes for sale in May rose 16.3% month over month and 2.2% year over year. Months’ supply of inventory rose to 0.9 from 0.8 in April and fell from 1 in May 2021. 

Housing starts plunge in May amid uncertain economic conditions 

New-home completions rose during the month, however, with the increased inventory representing a rare bright spot in an otherwise gloomy government report. 

The Fed hikes interest rates 0.75% — what it means for real estate

The Federal Reserve raised interest rates by .75% today: the sharpest increase since 1994. How will that affect real estate?

Compass and Redfin announce layoffs

Two major real estate firms are cutting their workforces amid a cooling housing market. Compass and Redfin are laying off 10% and 8% of their current staffs, respectively.

Is the ‘lumber bubble’ finally bursting?

Lumber prices, once emblematic of widespread supply-chain woes, are finally beginning to fall. How will this affect the housing market?

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