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housing market

Compass sues Zillow over off-market listings ban
Jul 28, 2025

30-year mortgage rate dips slightly to 6.74%

The average rate on a 30-year U.S. mortgage eased this week, offering little relief for prospective homebuyers facing record-high home prices. The long-term rate slipped to 6.74% from 6.75% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.78%. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home […]

Investors snap up 27% of U.S. homes as buyers retreat
Jul 23, 2025

US home sales fall in June as prices soar to new heights

LOS ANGELES (AP) — Sales of previously occupied U.S. homes slid in June to the slowest pace since last September as mortgage rates remained elevated and national median sales prices hit unprecedented levels. Existing home sales fell 2.7% last month from May to a seasonally adjusted annual rate of 3.93 million units, the National Association of Realtors […]

Investors snap up 27% of U.S. homes as buyers retreat
Jul 8, 2025

Investors snap up 27% of U.S. homes as buyers retreat

LOS ANGELES (AP) — Real estate investors are snapping up a bigger share of U.S. homes on the market as rising prices and stubbornly high borrowing costs freeze out many other would-be homebuyers. Nearly 27% of all homes sold in the first three months of the year were bought by investors — the highest share […]

This July 13, 2008, file photo shows the Freddie Mac headquarters in McLean. (AP Photo/Pablo Martinez Monsivais)
Jul 3, 2025

Average long-term US mortgage rate falls to 6.67%, the lowest level since early April

NEW YORK (AP) — The average rate on a 30-year U.S. mortgage fell for the fifth straight week to its lowest level since early April, an encouraging sign for potential buyers who have wrestled with rising home prices. The long-term rate fell to 6.67% from 6.77% last week, mortgage buyer Freddie Mac said Thursday. A year […]

May home sales barely move as high mortgage rates, prices, weigh on housing market
Jun 23, 2025

May home sales barely move as high mortgage rates, prices, weigh on housing market

NEW YORK (AP) — Sales of previously occupied U.S. homes edged higher in May, as stubbornly high mortgage rates and rising prices made homebuying less affordable even as the inventory of properties on the market continued to increase. Existing home sales rose 0.8% last month from April to a seasonally adjusted annual rate of 4.03 million units, the National […]

Average long-term US mortgage rate eases to 6.81%, the third consecutive weekly decline
Jun 18, 2025

Average long-term US mortgage rate eases to 6.81%, the third consecutive weekly decline

The average rate on a 30-year U.S. mortgage eased for the third week in a row, a welcome trend for prospective homebuyers at a time when elevated borrowing costs remain a drag on the housing market. The long-term rate fell to 6.81% from 6.84% last week, mortgage buyer Freddie Mac said Wednesday. A year ago, the […]

30-year mortgage rates climb to 6.89%, highest since Feb
Jun 2, 2025

30-year mortgage rates climb to 6.89%, highest since Feb

U.S. 30-year mortgage rates rise to 6.89%, their highest level since February, pushing borrowing costs up and slowing home sales.

More sellers than buyers in housing market slowdown
Jun 2, 2025

More sellers than buyers in housing market slowdown

U.S. housing market sees 34% more sellers than buyers as of April, with fewer home shoppers than any time since 2013, Redfin reports.

Real Estate and Construction: Stagnant with some silver linings
May 21, 2025

Virginia housing sales drop again, but listings spike 35.5%

Virginia home sales fell for the third month in a row in April 2025, but active listings rose 35.5% the same month.

Average US rate on a 30-year mortgage climbs to 6.83%, highest level since late February
May 16, 2025

Housing supply, affordability gap remain top of mind for potential homebuyers

Households earning $75,000 a year can only afford 21.2% of all home listings, according to the National Association of Realtors and Realtor.com. In the 2025 Housing Affordability & Supply report released Thursday, NAR officials said that America’s housing affordability gap persists with less than one-fourth of all For Sale home listings economically feasible for potential buyers maki[...]

Statewide home sales, inventories rose in November
May 13, 2025

Northern Virginia sees surge in housing inventory

The Northern Virginia housing market saw a significant increase in active listings in April, the Northern Virginia Association of Realtors reports.

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May 2, 2025

Georgia-Pacific to close Emporia mill, cutting 550+ jobs

Georgia-Pacific will permanently close its Emporia plywood mill, cutting 550 jobs. The shutdown deals another economic blow to Southern Virginia.

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