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Is the US housing market in a recession or a correction?

Now, with pricey new and resale homes, and new construction slowing, the market is readjusting. He also thinks having a 90-day housing forecast now is "meaningless," as the market should be looked ... read more

Are new home sales flagging a recession?

As we can see below, the new home sales report just took us back almost to the 2018 levels — the last time when rates rose toward 5% and created a supply shock. read more

New home sales surged 20% in May from a year ago - CNN

New home sales surged in May, as buyers looked to new construction as an alternative to the low inventory of existing homes for sale. Sales of newly constructed homes were up 12.2% in May from ... read more

Why Housing Market Trend Is 'Alarming' to Real Estate Expert

A surge in unsold new homes is reminiscent of past economic downturns, raising fears of a potential recession. Why It Matters Homebuilders are sitting on their highest inventory levels in years. read more

30% Say a Recession Would Make Them More Likely To Buy a Home - MSN

Although listings have started to rebound modestly, active inventory remains 16.3% below pre-pandemic levels seen from 2017 to 2019. Affordability is also a pressing issue , with 36% citing it as ... read more

Real Estate Outlook: No Recession Despite Pending Home Sales Drop ...

Pending home sales fell last month by 19.9% year-over-year and 1% month-over-month. But the US housing market isn't in a recession and won't crash, said a 36-year industry veteran. read more

Housing Outlook: US Avoiding a Recession May Be Bad ... - Markets Insider

A recession would likely cause interest rates to fall, bringing down mortgage rates and adding housing inventory. High borrowing costs and elevated prices are the new normal for now, one real ... read more

Housing market warning issued: "No one is buying new homes" - MSN

In May, new home sales dropped by 13.7 percent compared to a month earlier, to a seasonally adjusted annualized rate of 623,000 units, according to the Commerce Department's Census Bureau. read more

The US is in a housing recession. Here's what that means

About 63,000 home purchase agreements were called off in July, equal to 16% of homes that went into contract that month, according to a new analysis by Redfin published on Tuesday. read more

US New-Home Sales Surge to Fastest Pace in More Than a Year

US new-home sales advanced in May to the fastest pace in over a year, bolstered by limited inventory in the resale market. Purchases of new single-family homes increased 12.2% to an annualized ... read more

US housing recession could send home prices tumbling 20%, economist ...

The National Association of Realtors said in a new report on Wednesday that home prices declined slightly from the median high of $413,800 recorded in June to $389,500. read more

New home sales dropped in June after May’s surge

New home sales boosted by low inventory of existing homes Although sales were down from May, the trajectory of new home sales is generally positive, said Kelly Mangold of RCLCO Real Estate Consulting. read more