Across the U.S., 6.4% of home sellers issued a price cut in the month leading up to May 26, according to a recent report from a real estate listing site. This is the highest percentage of sellers reducing prices since November 2022, when the 30-year fixed mortgage rate spiked past 7% for the first

  The U.S. housing market, long dominated by sellers enjoying high demand and soaring prices, is experiencing a significant shift. According to Robert Reffkin, cofounder and CEO of Compass, buyers are starting to push back against the steep home prices that have characterized the market in recent ye

  Higher home prices and mortgage rates didn’t appear to deter first-time home buyers, who have emerged in greater numbers this spring. First-timers comprised 33% of home sales last month, up from 29% a year ago, NAR reports. Consumer surveys are showing that aspiring first-time home buyers feel opt