Existing-Home Sales Report Shows 0.2% Increase in April

Month-Over-Month 0.2% increase in existing-home sales—seasonally adjusted annual rate of 4.02 million in April 5.8% increase in unsold inventory—1.47 million units equal to 4.4 months’ supply Year-Over-Year No change in existing-home sales 0.9% increase in median existing-home sales price to $417,70

The Second-Home Tax Is Spreading—Is Your Vacation Property Next?

New York Gov. Kathy Hochul announced a handshake budget deal this week that includes a controversial pied-à-terre tax on second homes in New York City. The move reflects an increasingly popular tactic for lawmakers facing affordability crises that are squeezing constituents while blowing holes in st

New-Home Sales Dip in July as Homebuilders Struggle To Entice Reluctant Buyers

Photo by Justin Sullivan/Getty Images Sales of newly built homes dropped in July, as price cuts and homebuilder incentives failed to lure buyers struggling with affordability. Signed contracts for new single-family homes were at a seasonally adjusted annual rate of 652,000 last month, down 8.2% from

This Northeast Region Has 3 of the Hottest Housing Markets—but Still Remains ‘Affordable’

Homebuyers in the Northeast aren’t backing down—even as property prices continue to climb and inventory becomes increasingly tight. Several markets in the region are heating up at a fast pace and now rank among the hottest in the U.S., according to the Realtor.com® June Hottest Housing Report. The t