Real Estate News Feed
California Housing Market Sputters
Wed, 18 Jun 2025 15:15:28 GMT
Existing, single-family home sales totaled 254,190 in May on a seasonally adjusted annualized rate, down 5.1 percent from 267,710 in April and down 4.0 percent from 264,850 in May 2024.
Mortgage Applications Slip
Wed, 18 Jun 2025 15:14:31 GMT
Mortgage rates decreased last week, driven by financial market volatility caused by current geopolitical conflict and ongoing tariff uncertainties, according to a report from the Mortgage Bankers Association.
Housing Starts Down
Wed, 18 Jun 2025 15:13:48 GMT
A sharp decline in multifamily production pushed overall housing starts down in May while single-family output was essentially flat due to economic and tariff uncertainty along with elevated interest rates.
1 in 3 Baby Boomers Will Never Sell
Wed, 18 Jun 2025 15:13:15 GMT
One-third of baby boomers who own their home say they'll never sell, according to a recent Redfin-commissioned survey. Another 30% say they'll sell their home at some point, but not within the next decade.
Jobless Claims Decline
Wed, 18 Jun 2025 15:12:25 GMT
In the week ending June 14, the advance figure for seasonally adjusted initial claims was 245,000, a decrease of 5,000 from the previous week's revised level according to the Department of Labor.
Builder Sentiment Plummets
Tue, 17 Jun 2025 15:07:42 GMT
In a further sign of declining builder sentiment, the use of price incentives increased sharply in June as the housing market continues to soften.