Landmark Housing Bill Clears Congress

NAR helped drive the most significant housing legislation in nearly 20 years. The bill now heads to President Trump for signature. Congress passed landmark housing affordability legislation Tuesday, advancing one of the most significant federal housing packages in nearly two decades. The 21st Centur

U.S. Foreclosure Rates by State – May 2026

What Is the Current Foreclosure Rate in the U.S.? In May 2026, U.S. foreclosure activity declined from the prior month but remained higher than levels reported one year earlier, reflecting a continued normalization trend in the housing market. Total filings: 40,355 properties with default notices, s

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