loader-image
weather icon 70°F
loader-image
weather icon 70°F

ALEX VEIGA Business Writer.

Doug McCormick is shown outside his four-bedroom home that has been up for sale for almost two months Tuesday, Aug. 26, 2025, near Evergreen, Colo. (AP Photo/David Zalubowski)

Shortage of homebuyers forces many sellers to lower prices or walk away as sales slump drags on

September 8, 2025

The housing market is becoming more buyer-friendly after years of sharply rising prices. Many Americans still can’t afford homes, but those who can are finding that they have leverage to press sellers for better deals, such as lower prices and cash for closing costs and home improvements. Home prices are down or rising slowly, especially in the South and West. The market has been in a slump since 2022, with mortgage rates climbing. More homes are on the market, and listings are staying unsold longer. Sellers are reducing prices, but affordability remains a challenge. Only 28% of homes are within reach of median-income buyers, and high mortgage rates aren’t helping.

Read More »
FILE - New construction homes are seen on July 11, 2025, in Happy Valley, Ore. (AP Photo/Jenny Kane, File)

US home sales fade in June as national median sales price hits an all-time high of $435,300

July 23, 2025

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 said Wednesday. Sales were flat compared with June last year. The latest home sales fell short of the 4.01 million pace economists were expecting, according to FactSet. Home prices increased on an annual basis for the 24th consecutive month. The national median sales price rose 2% in June from a year earlier to $435,300, an all-time high for the month of June.

Read More »
FILE - A home for sale in Sudbury, Mass., is shown on Sunday, Sept. 22, 2024. (AP Photo/Peter Morgan, File)

Investors snap up growing share of US homes as traditional buyers struggle to afford one

July 8, 2025

Real estate investors are buying a larger share of U.S. homes as high prices and borrowing costs deter traditional buyers. A report by BatchData shows investors purchased nearly 27% of homes sold in the first quarter of the year, the highest in five years. This marks a rise from the 18.5% average share between 2020 and 2023. The housing market has slowed since early 2022 due to rising mortgage rates, leaving more inventory for cash-ready investors. While most investor-owned homes belong to small-scale owners, large institutional investors are scaling back purchases, with many selling more homes than they buy.

Read More »
FILE - A for sale sign stands outside a residence in Niles, Ill., Monday, July 1, 2024. (AP Photo/Nam Y. Huh, File)

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

June 23, 2025

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 Association of Realtors said Monday. Sales fell 0.7% compared with May last year. The latest home sales fell topped the 3.95 million pace economists were expecting, according to FactSet. The national median sales price rose 1.3% in May from a year earlier to $422,800, an all-time high for the month of May.

Read More »
FILE - A sale sign stands outside a home on the market Thursday, Oct. 17, 2024, in the east Washington Park neighborhood of Denver. (AP Photo/David Zalubowski, File)

Sellers outnumber prospective homebuyers as high prices and mortgage rates skew the housing market

May 30, 2025

Homeowners eager to sell may have to wait a while before a buyer comes along. As of April, the U.S. housing market had nearly 34% more sellers than buyers shopping for a home, according to an analysis by Redfin. Aside from April 2020, when the pandemic brought housing activity to a standstill, there haven’t been this few buyers in the market for a home before, based on records that date back to 2013. The shift should help home shoppers who can afford to buy, but it changes little for those who remain priced out of a home.

Read More »

Finance.

  • Loading stock data...