The market sputtered amid high mortgage rates, high prices, and homeowners with lower rates who have no plans to move.
NAR forecasts mortgage rates to stabilize near 6% in 2025, likely establishing a new normal. Inventory will gradually grow.
U.S. home sales haven't been this low in decades, according to data released Friday by the National Association of Realtors. "You had a perfect storm of everything coming together to undermine affordability,
The major U.S. index futures are currently pointing to a roughly flat open on Friday, with stocks likely to show a lack of direction
Sales of previously owned homes in the U.S. rose for the third straight month in December, entering 2025 after the worst year in nearly three decades.
The court's refusal to take the case prolongs uncertainty over what new standards for agents' commissions will satisfy DOJ's concerns over what it considers "anticompetitive" practices in the real estate industry.
The China stock market has finished higher in two straight sessions, improving almost 40 points or 1.2 percent along the way. The
The Japanese stock market on Friday halted the four-day winning streak in which it had accelerated more than 1,500 points or 3.8
The Federal Reserve is expected to keep interest rates on hold on Wednesday. Plus, earnings reports from Apple, General Motors, Starbucks, Microsoft, Tesla, and Exxon Mobil.
The Hong Kong stock market on Friday wrote a finish to the two-day slide in which it had slumped more than 400 points or 2 percent.
This week’s economic highlight will be the Federal Reserve’s Federal Open Market Committee’s interest-rate decision on Wednesday, followed by Fed Chair Jerome Powell’s remarks.
The National Association of Retailers says sales dropped ... Mortgage rates are expected to dip even lower if the Federal Reserve starts to cut borrowing costs as soon as September.