Sellers, getting desperate, are starting to lower their prices. In Contra Costa and Alameda counties, one in every three ...

US new homes sales fell in May by the most in almost three years as incentives fell short of alleviating affordability constraints. Sales of new single-family homes decreased 13.7% to a 623,000 ...

New-home sales drop by most since 2022 on poor affordability Subscribers are entitled to 10 gift sharing articles each month. These can be shared with friends and family who are not subscribers.

New-home sales are seen as a more timely measurement than purchases of existing homes, which are calculated when contracts close. However, the data are volatile.

Existing home sales are down 0.7% from one year ago. The latest reading came in above the expected 3.96 million.

U.S. existing home sales unexpectedly increased in May, but the trend remained weak amid high mortgage rates.

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 ...

WASHINGTON (Reuters) -U.S. existing home sales unexpectedly increased in May, but the trend remained weak amid high mortgage rates.

Sales of existing homes in the United States were tepid in May, according to industry data as high mortgage rates weighed on the market.

US existing home sales improved slightly in May, a small sign of life for a housing market that’s been rocked by high mortgage rates and growing economic uncertainty.

Sales of existing homes in the United States were tepid in May, according to industry data released Monday, as high mortgage rates weighed on the market.