Home sales

Last month, 20% fewer existing homes were sold than in May 2022. People are staying put — and staying together — to avoid higher costs.

More buyers are turning to newly constructed homes as fewer owners of existing homes choose to sell.

When people buy new homes, they buy a lot of other things too, like furniture, appliances and electronics. When home buying slows, that can have a real ripple effect on other industries.

Lumber prices have stabilized after unprecedented volatility.

Affordability is attracting people to sunnier climes — and that's helping to heat up those regions' economies.

Prices are still rising, but more slowly. What does that mean for house hunters this spring?

Especially those closely tied to the housing market.

They're down about 26% compared to a year ago.

A new report from ATTOM says it's now cheaper to rent than own a place in most parts of the country.

Those looking to buy have spent much of 2022 adjusting and readjusting to higher mortgage rates.