The typical asking rent in the U.S. rose to $1,965 in June, up 2.2% year over year, according to Zillow’s June Rental Report. That is a slight acceleration from May,…
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Newsletter:
New homes are now cheaper than used homes for the first time in 50 years
Catherina Gioino of Fortune reported that for the first time since at least 1974, new homes are selling for less than existing ones. In the first quarter of 2026, the…
Builder sentiment hits new low
Diana Olick of CNBC reported that homebuilder sentiment dropped again in June as the NAHB/Wells Fargo Housing Market Index slipped two points to 35, marking the 14th straight month below…
Berkshire bets $8.5B on homebuilding
Keith Griffith of Realtor.com reported that the New York Attorney General’s antitrust bureau has opened an investigation into Compass International Holdings, the nation’s largest residential brokerage by a wide margin,…
Investors pull back in Q2 2026
Joel Berner of Realtor.com reported that new-home sales slowed 6.2% month over month and 11.3% year over year in April, the weakest month for new-home sales in the past year…
Builders are pausing projects
Dave Gallagher of RealEstateNews.com reported that the average 30-year mortgage rate climbed to 6.51% in the past week, according to Freddie Mac, with Mortgage News Daily clocking 6.65% on May…
Inflation jumps and Washington moves
The U.S. Bureau of Labor Statistics reported that the Consumer Price Index rose 0.6% on a seasonally adjusted basis in April after a 0.9% gain in March, lifting the 12-month…
Pending sales highest since 2022
Dana Anderson of Redfin reported that U.S. pending home sales climbed to 340,101 on a seasonally adjusted basis in the four weeks ending May 3, the highest level since September…
We’re seeing the lowest interest rates in 3 years
Freddie Mac reported that the 30-year fixed-rate mortgage averaged 6.23% for the week ending April 23, down from 6.30% the prior week and below the 6.81% recorded one year ago.…
