Homebuyers continued to respond to market headwinds like high mortgage rates and economic uncertainty and failed to be drawn in by builder sales incentives.
Source: Inman News
New residential sales drop nearly 14% in May, their sharpest in 3 years
Published in Agent, Analysis, average sales price, builder incentives, builder sales incentives, economic uncertainty, Heather Long, homebuyers, housing starts, hud, inman, inventory, Markets & Economy, median sales prices, mortgage rates, Navy Federal Credit Union, new home sales, new residential sales, new-home inventories, News Brief, Select, U.S. Census Bureau and U.S. Department of Housing and Urban Development
More from AgentMore posts in Agent »
- NAR economist predicts post-shutdown real estate ‘boom’
- RateMyAgent and Curated Social merge to form Renowned platform
- ‘He didn’t even say he was sorry’: Brooklyn investor gets prison time for 12-year deed fraud scheme
- Crack the code on social media: Now Streaming
- NAR scores a victory in buyer commission lawsuit
More from AnalysisMore posts in Analysis »
- The inventory surge is sputtering. See how your market stacks up
- Northeast sees strongest price gains in Q3 as median single-family home price hits $426,800
- Heard of a K-shaped economy? You’re living in it now
- Is the housing market in the midst of a recession? Treasury Secretary Scott Bessent thinks so
- New client leads, murky waters: October’s mixed bag for real estate
More from average sales priceMore posts in average sales price »
More from economic uncertaintyMore posts in economic uncertainty »
- How to win more listings in a locked-in market environment
- Pending home sales remain stuck in the mud in September
- A 7-home estate and a former talk show host’s Montecito hideaway among September’s priciest sales
- How the government shutdown is impacting real estate
- How the growing buyer power shift is reshaping the real estate market
More from Heather LongMore posts in Heather Long »
- Rising inflation makes ‘jumbo’ Fed rate cut unlikely next week
- New-home sales declined in July but beat analyst expectations
- ‘Construction is in a funk’: Homebuilding improves, but inventory issues remain
- Mortgage rates drop with stocks on surprise jobs report and new tariffs
- Inventory’s up, but buyers aren’t biting as June sales slide again
More from homebuyersMore posts in homebuyers »
More from housing startsMore posts in housing starts »
- The American homeownership dream is primed for a comeback
- Fannie Mae dials back sales expectations by 220K homes
- ‘Construction is in a funk’: Homebuilding improves, but inventory issues remain
- Single-family permits and starts reach 11-month low in June
- Lower rates could bring more home sales: Fannie Mae forecast
More from hudMore posts in hud »
More from inmanMore posts in inman »
- NAR economist predicts post-shutdown real estate ‘boom’
- RateMyAgent and Curated Social merge to form Renowned platform
- FICO scores, magic phrases, earnings digs: Inman Top 5
- Inman is celebrating 30 years of community, and you’re invited
- Redfin site fluke exposed past users’ data on listing contact forms
More from inventoryMore posts in inventory »
- Price cuts and concessions: Here’s how to prepare homeowners for the reality of selling a home today
- 10 compelling reasons that your buyers should purchase now
- Pending home sales remain stuck in the mud in September
- ‘Signs of deceleration’ bedevil US home prices
- All signs point to ‘Goldilocks’ conditions for year-end home sales
More from Markets & EconomyMore posts in Markets & Economy »
- ‘He didn’t even say he was sorry’: Brooklyn investor gets prison time for 12-year deed fraud scheme
- How to help senior real estate clients right-size with confidence
- Welcome to the Senior Class: Downsizing with a home equity conversion mortgage
- Why independent brokerages matter more than ever amid real estate consolidation
- What is a 50-year mortgage? The pros and cons of Trump’s proposal
More from median sales pricesMore posts in median sales prices »
More from mortgage ratesMore posts in mortgage rates »
- NAR economist predicts post-shutdown real estate ‘boom’
- Homebuying off to strongest November start since 2022
- Veterans have been ‘priced out,’ left behind by the housing market
- Housing recession? K-shaped trends? The dollars and ‘sense’ of today’s economy
- AI helps UWM seize the day, make the most loans in 4 years in Q3
More from Navy Federal Credit UnionMore posts in Navy Federal Credit Union »
- Why affordability hits different in a military market
- Rising inflation makes ‘jumbo’ Fed rate cut unlikely next week
- New-home sales declined in July but beat analyst expectations
- ‘Construction is in a funk’: Homebuilding improves, but inventory issues remain
- Mortgage rates drop with stocks on surprise jobs report and new tariffs
More from new home salesMore posts in new home sales »
- More homes sold. Lower rates. Lower inflation. Where Fannie Mae expects the market to move
- New-home sales spiked in August to highest rate since 2022
- The American homeownership dream is primed for a comeback
- New-home sales declined in July but beat analyst expectations
- 1st-time buyers say ‘yes’ to older starter homes due to higher costs
More from new residential salesMore posts in new residential sales »
More from News BriefMore posts in News Brief »
- HUD shifts homeless policy away from providing permanent housing
- NAR scores a victory in buyer commission lawsuit
- Redfin site fluke exposed past users’ data on listing contact forms
- Brown Harris Stevens names Halstead heir as its chief strategy officer (EXCLUSIVE)
- Zillow hit with new class-action suit over alleged broker kickbacks
More from SelectMore posts in Select »
- HUD shifts homeless policy away from providing permanent housing
- Pulte refers a 4th Democrat, Rep. Eric Swalwell, for mortage fraud
- RateMyAgent and Curated Social merge to form Renowned platform
- ‘He didn’t even say he was sorry’: Brooklyn investor gets prison time for 12-year deed fraud scheme
- NAR scores a victory in buyer commission lawsuit
More from U.S. Census BureauMore posts in U.S. Census Bureau »
More from U.S. Department of Housing and Urban DevelopmentMore posts in U.S. Department of Housing and Urban Development »
Be First to Comment