Lower mortgage rates may motivate more people to buy houses, but it will take a bigger drop in borrowing costs to create more home sellers and lead to lower home prices, economists said. https://t.co/nApSsB9Gn3 ...

If you want home prices to fall, we must build more housing.It is really that simple. ...

Market Trends - China's home prices experienced a faster decline in June [1] - Growing speculation suggests potential additional measures to stimulate the property market in China [1]

Home-building companies now commonly reduce borrowers’ mortgage rates on new homes by kicking in some of the financing, but one byproduct of those efforts is that they’ve kept home prices elevated, according to Morgan Stanley https://t.co/1iQRJsJofX ...

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Market Trends - Developers need cost relief to continue building despite falling home prices [1]

“Cape Coral is the worst housing market in America right now,” says José Echevarria, a Realtor. Home prices for Cape Coral-Fort Myers in Florida have tumbled 11% in the two years through May, the most of any major metro area. https://t.co/N6r6trKyW0 ...

“Cape Coral is the worst housing market in America right now,” says José Echevarria, a Realtor. Home prices for Cape Coral-Fort Myers in Florida have tumbled 11% in the two years through May, the most of any major metro area. https://t.co/2CQXxNExkG ...

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 ...