Sales of previously owned homes unexpectedly rose in May, but the spring selling season is still far from normal. Blame mortgage rates, says the chief economist of the industry’s largest trade ...

This spring and summer are shaping up to be very tough for the real estate market,” said one economist at Navy Federal Credit Union.

Sales of existing US homes pulled back more than expected in March, logging their biggest drop since late-2022 according to industry data released Thursday, as high mortgage rates weighed on ...

The median existing home price rose 1.3% from a year earlier to $422,800 in May, an all-time high for the month. At May's sales pace, it would take 4.6 months to exhaust the current inventory of ...

The average rate on 30-year fixed home loans decreased to 6.67% for the week ending July 3, down from 6.77% last week.

According to the California Association of Realtors’ May home sales and price report, the statewide median home price declined by 1.1%, following April’s record-breaking high of $910,160. The median ...

WASHINGTON (Reuters) -U.S. existing home sales unexpectedly increased in May, but the trend remained weak amid high mortgage rates. Home sales climbed 0.8% last month to a seasonally adjusted ...