New home sales down nearly 14% in May. It was the biggest month overmonth decline in three years as buyers continue to grapple with stubbornly high mortgage rates. Today's data sending housing stocks lower with the ITB home construction ETF down over a percent and snapping a 4-day winning streak which had been its best stretch since January.For more, Zillow senior economist Ore Debongi joins us right now. Or great to have you with us. Thanks for having me.I was I was actually enjoying the the debate there. ...

Everyone’s waiting for the Fed to cut rates—but will mortgage rates even fall when it happens? Here’s what homebuyers should know before banking on a drop that may never come. https://t.co/takTr1UAr5 ...

Mortgage rates have fallen for two consecutive days, lowering the flagship average to its cheapest level in 11 weeks. Rates dropped for several other loan types as well. https://t.co/3cwpOzLknT ...

Welcome back to Power Lunch. Some new data out this morning. Pretty gloomy picture of the housing market as new home sales fell nearly 14% in May.High mortgage rates and affordability are continuing to challenge buyers. And that was the biggest monthly drop in almost three years. Let's get some more insight on what's going on here with power broker Ryan Sirant, the founder and CEO of Sirand.And uh Ryan, I I can't res. So I mean we've we got all the developments in New York City in particular today, right. I ...

Ugly picture for new home sales this morning, hitting a seven-month low. Market doesn't like it. Diana Ol has the numbers and the why.Diana. Yeah, Kelly, you stole my word. I was going to say ugly report.No question. Look, sales of newly built homes dropped nearly 14% in May from April. The street was looking for a 6% decline.This count is based on signed contracts. So, people out shopping in May when mortgage rates remain stubbornly high. The average on the 30-year fixed mortgage started May at 6.83% 83% r ...

Sales of new single-family homes dropped 13.7% in May compared with April to 623,000 units on a seasonally-adjusted, annualized basis, according to the U.S. Census. That sales total was 6.3% lower than May 2024 and well below both the 6-month average of 671,000 and the one-year average of 676,000. It also lags the pre-pandemic average in 2019 of 685,000 units sold. Wall Street analysts were expecting May new home sales of 695,000, according to estimates from Dow Jones. This count is based on signed contract ...

Mortgage rates dropped across most loan types Monday, including the flagship 30-year average, which has fallen to its lowest level in two and a half months. https://t.co/InwucPTHee ...

30-year mortgage rates are wavering in a narrow range that's just a bit above their lowest reading since early May. Rate movement was mixed for other loan types. https://t.co/8eIrXXHdHc ...

After President Trump’s tax bill pushed mortgage rates higher in late May, momentum has reversed—with monthly payments now notably more affordable. https://t.co/JMSd8s4NON ...

Check our interactive map to find today's 30-year mortgage rate average for any U.S. state. Right now, the cheapest state rates range from 6.77% to 6.88%. https://t.co/W4N5kebMto ...