Existing homes sales fell 0.4% in April. The Consensus expected a rise. The National Association of Realtors (NAR) reports Existing-Home Sales Inch Back 0.4% in April.
The national average rent price is $1,436. The pace of rent increases is the lowest in nearly a year.
Existing home sales were the odd one out in March (falling as new- and pending-home-sales spiked) but expectations were for a catch-up rebound in April, but did not, dramatically missing the expectation of a 2.7% rise by dropping (again) by 0.4% MoM.
One of the main goals of the Federal Reserve's monetary policies of the past decade was to generate the "wealth effect": by pushing the valuations of homes higher, would make American households feel wealthier. But it didn't.
The Trump Organization's own marketing materials promote the president's flagship midtown tower as "one of New York's most iconic trophy buildings." Yet prices for its open office space are currently listed as "negotiable," one of sever
After a three-decade boom, the implosion of the Australian housing market could eventually push the economy into a recession.
Revealed: Jeff Bezos' futuristic vision of self-sustaining habitats that could house a TRILLION people in space
A noble plan to improve housing access for those in need through cutting-edge construction technology is gathering momentum, with a blueprint now in place for what is billed as the world's first 3D-printed community.
Mortgage rates have slumped once again, and are now stretching into the third straight week of decreases. The 30-year fixed-rate mortgage averaged 4.10% in the May 9 week, Freddie Mac said Thursday.
Zillow and Opendoor say their products could be even more valuable when the real estate market slows. The housing market often seizes up during periods of rapid change, as buyers and sellers struggle to agree on prices.
Following last month's disastrous starts and permits data, Tuesday's release of the S&P/Case-Shiller US National Home Price Index hinted at a nasty slowdown in all 20 metropolitan regions the index tracks, indicating that the era of double-digit gr