The second quarter was a mixed bag for a quartet of publicly traded homebuilders, reflecting the meh 2025 spring home purchase season. All four were profitable, but net income was lower compared with one year prior. The market wasn’t helped by a near 14% drop in the sale of newly constructed properties (on an annualized […]
Homebuilder profits slip year-over-year in difficult 2Q25 Read More »
Real estate agents are mostly upbeat about the housing market, a new report finds, even as broader economic worries leave buyers and sellers uneasy about the future. When asked about their outlook on the housing market over the next 12 months, 48% of real estate agents were more optimistic in June compared to May, according
Real estate agents upbeat amid shifts in market: survey Read More »
Sales of previously owned US homes fell in June to a nine-month low as potential buyers continued to bristle at record prices and high borrowing costs. Contract closings decreased 2.7% in June to an annualized rate of 3.93 million, a report from the National Association of Realtors showed Wednesday. Economists surveyed by Bloomberg expected a
Existing-home sales fall to nine-month low on record prices Read More »