The United States is grappling with a severe housing shortage, a situation that has profound implications for affordability and availability nationwide. With an estimated need for 1.5 million additional homes to meet current demand, the housing market is under unprecedented pressure. This shorta

  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 fir

  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