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topStories Wednesday, May 31, 2023
New Home Sales Continue 7-Month Rise
According to the latest data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, new home sales rose to a rate of 683,000, 4.1% above March’s revised rate of 656,000. Sales are also 11.8% above last year’s revised rate of 611,000...
New Analysis Predicts ‘Slow-Burn’ Recession Through 2025

The prospect of a crashing economy is scary. But possibly just as scary—though maybe less dramatic—is the threat of a persistent, dragging crisis...
Pending Home Sales Remain Unchanged Since March Dip

Three U.S. regions posted monthly losses, while the Northeast increased. All four regions saw year-over-year declines in transactions...
Mortgage Rates Increase for Second Week in a Row Last Week

This is according to the latest Primary Mortgage Market Survey from Freddie Mac released Thursday, May 25...
Let ’Em Cook: The Top 5 Hottest Markets in Each Region

The local nature of real estate means that a snapshot of housing should look like a spectrum, with gradients of up and down, hot or not...
Why a Home-Sale Contingency Can Be Disastrous for Sellers
The odds of having an unpleasant experience increase when homeowners don't make sound decisions. One such scenario occurs when sellers accept a home sale contingency. A home sale contingency will allow buyers to back out of a sale if they cannot sell their current home...
Mortgage Applications Decrease for Second Week
NAR Opens Applications For 2024 REACH Canada
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