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

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 ...

The housing market is stuck in low gear, and the slowdown could have ramifications for the broader US economy, three economists told Business Insider.

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 ...

US New-Home Sales Drop by Most Since 2022 on Poor Affordability. Michael Sasso . Wed, Jun 25, 2025, 10:49 AM 3 min read. In This Article: LEN . LEN-B ...

The home sales report showed a slight increase in the number of new houses for sale in May, to the highest level since 2007. That represented 9.8 months of supply at the current sales rate.