Mortgage rates ticked up slightly on Thursday but essentially held steady as markets took a pause amid cautious optimism over the federal government’s reopening after the longest-ever shutdown, tempered by lingering economic uncertainty. The average rate on 30-year fixed home loans rose to 6.24% for the week ending Nov. 13, up from 6.22% the week … Read more
Home prices fell annually in 23% of markets last quarter, but price growth remained strong in the Northeast and Midwest, according to new data from the National Association of Realtors®. Median sales prices for existing single-family homes declined on an annual basis in 51 metro areas out of the 230 tracked, while rising in 176 … Read more
The Northeast and the Midwest continue to draw the most attention from homebuyers in search of an affordable spot to land. While demand cools across the largest U.S. metros, these areas continue to attract potential homebuyers, garnering 5.5% more views per listing, according to the Realtor.com® October 2025 Hottest Housing Markets report. On the list, … Read more
November brings big changes for some of The Real Deal’s markets. New York City begins saying goodbye to Mayor Eric Adams, who dropped his reelection bid in September after months of trailing in the polls. In the final stretch of the mayoral election, Democratic nominee and frontrunner Zohran Mamdani made his case to business crowds, … Read more
A highly contentious issue is in the hands of voters in California. Eligible residents are going to the polls in a special election Nov. 4 to decide whether to approve Proposition 50—a proposal to temporarily redraw the state’s congressional district lines. The Golden State hopes to offset a move by Texas that was designed to … Read more
The Federal Reserve has announced its second interest rate cut in a row, easing monetary policy as concerns grow about rising layoffs and economic fallout from the government shutdown. Fed Chair Jerome Powell joined the majority of the Federal Open Market Committee (FOMC) to vote for the quarter-point rate cut at Wednesday’s meeting in Washington … Read more
Living a life of luxury comes at different price points depending on which part of the U.S. you’re in. The national benchmark for luxury edged down by 0.5% to $1.24 million in September, according to the Realtor.com® September 2025 Luxury Housing Report. A luxury home looks different if it’s located in a city metro or … Read more