New home sales fall in May as rate shock, inflation squeeze buyers
New home sales pulled back in May as elevated mortgage rates, sticky inflation and consumer uncertainty again tested the upper limit of what buyers can afford, the latest U.S. Census and HUD report shows. Sales of newly built single-family homes fell 7.3% from April to a seasonally adjusted annual r
Most AI-altered listings go undisclosed, California law bans it
More than 1 in 10 primary listing photographs on the nation’s four largest real estate portals show evidence of digital alteration — and over 90% of those images carry no visible disclosure, according to a new study. The analysis by real estate intelligence platform Coraly examined just under 40,000
Why we can’t get more housing construction in the US
New home sales tanked this morning and had a slightly lower negative revision. But the bigger story is that demand is the main reason housing construction hasn’t been growing for years, and we simply have too much completed supply for sale for construction growth to ramp up. Let’s remember this less
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