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June Housing Market Slips as Record-High Prices Persist
real-estate2 days ago

June Housing Market Slips as Record-High Prices Persist

US existing-home sales fell 2.4% in June to 4.09 million (SA), with inventory at 1.56 million (down 0.6% MoM, up 1.3% YoY) for about a 4.6‑month supply. The median price reached a record $440,600, up 1.8% YoY. All-cash buyers accounted for about 25% of sales (down from 29% a year ago), while first-time buyers were 33% of transactions. Activity remains strongest at the higher end, with regional declines elsewhere except the Northeast. Analysts say limited inventory and high mortgage rates keep prices elevated, even as job gains support demand.

via CNBC|
#home-prices#housing-market#inventory
Housing market tilts toward balance as buyers and sellers gain leverage
business4 days ago

Housing market tilts toward balance as buyers and sellers gain leverage

CNBC’s Q2 Housing Market Survey shows more agents (44%) report a balanced market, up from 30% a year earlier, signaling buyers and sellers are regaining leverage amid higher supply and easing prices. Price cuts dropped (57% vs 89%), but prices remain about 1% higher YoY; June asking prices fell 2.5% YoY. Contract cancellations declined to 40%. Mortgage rates fluctuated, with the 30-year fixed peaking near 6.75% in May and hovering around 6.6% since, while inventory rose to about 1.1 million listings. Overall optimism wanes: 19% expect sales to improve, 67% expect them to stay the same, with significant local variation and a push toward hyper-local data.

via CNBC|
#business#housing-market#inventory
GM's Q2 US sales dip as EV slump tests momentum, trucks and SUVs keep margins
business10 days ago

GM's Q2 US sales dip as EV slump tests momentum, trucks and SUVs keep margins

GM posted about 715,000 US vehicle sales in Q2, down 4.2% from a year earlier, blaming discontinued models and a steep EV slump after the federal tax credit expiry; EVs fell sharply (Equinox EV, Blazer EV, Hummer EV, Lyriq), while gas‑powered trucks and SUVs carried the quarter (Sierra up 5% to ~95k, Silverado roughly flat, Traverse/Trailblazer/Canyon rising). GM maintains EV share around 13.5–14% and leadership in full‑size pickups/SUVs, aided by tight inventories and disciplined pricing, ending the period with about 511,000 vehicles in dealer stock (~55 days) and average transaction prices above $52,400.

via Yahoo Finance|
#business#ev#gm
Tiny NJ House, Big Price Tag Highlights NYC-Commuter Appeal
real-estate21 days ago

Tiny NJ House, Big Price Tag Highlights NYC-Commuter Appeal

A comically tiny 1-bedroom, 1-bath home in Bogota, NJ is listed for $499,000 amid Bergen County’s extremely low inventory, with experts suggesting buyers may pay for the address and a quick NYC commute rather than size. Built in 2023 with modern finishes and no HOA, the abode is marketed as a turnkey option for first-time buyers or downsizers, leveraging location over square footage in a market where scarcity is driving prices.

via New York Post|
#bergen-county#bogota-nj#inventory
May Existing-Home Sales Rise 3.2% as Inventory Edges Up
business1 month ago

May Existing-Home Sales Rise 3.2% as Inventory Edges Up

May data from the National Association of REALTORS® show existing-home sales up 3.2% month-over-month and year-over-year to a seasonally adjusted annual rate of 4.17 million; gains occurred in the Northeast, Midwest, and South, while the West was unchanged. Inventory rose to 1.55 million homes (about 4.5 months’ supply), and the median price reached $429,300, up 1.3% from a year ago. The Housing Affordability Index was 105.6, with mortgage rates at about 6.44% in May. First-time buyers accounted for 35% of sales, cash buyers 25%, and investors 14%; 29 days was the median time on market. The report cites improving affordability and ongoing supply constraints as key drivers.

via National Association of REALTORS®|
#business#existing-home-sales#housing-affordability
May Existing-Home Sales Rise 3.2%, Inventory Edges Up and Prices Climb
economy1 month ago

May Existing-Home Sales Rise 3.2%, Inventory Edges Up and Prices Climb

May existing-home sales rose 3.2% month-over-month and year-over-year to a 4.17 million seasonally adjusted annual rate, with inventory at 1.55 million (4.5 months). The median price climbed 1.3% year over year to $429,300, affordability improved, mortgage rates averaged 6.44%, and gains occurred in the Northeast, Midwest, and South (West unchanged). First-time buyers reached 35% of buyers.

via National Association of REALTORS®|
#economy#existing-home-sales#housing-market
May housing surge lifts existing-home sales to December-high pace
real-estate1 month ago

May housing surge lifts existing-home sales to December-high pace

Existing home sales rose 3.2% in May to a 4.17 million annualized pace, the strongest since December, with inventory up 3.3% to 1.55 million and the median price at $429,300. The gain followed a downshift in mortgage rates in April that helped affordability, with first-time buyers at 35% of sales, higher-end homes remaining buoyant, and roughly a quarter of deals paid in cash. The market remains tight at about 4.5 months of supply, and foreclosures/underwater sales stayed around 1%, signaling solid homeowner finances.

via CNBC|
#existing-home-sales#home-prices#inventory
NAR: April Existing-Home Sales Tick Up 0.2% as Inventory Rises
real-estate2 months ago

NAR: April Existing-Home Sales Tick Up 0.2% as Inventory Rises

NAR reports April existing-home sales rose 0.2% month-over-month to a seasonally adjusted annual rate of 4.02 million, with inventory up 5.8% to 1.47 million (about 4.4 months’ supply). Sales were flat year-over-year, while the median price increased 0.9% to $417,700. The Housing Affordability Index stood at 110.6 and affordability improved across regions. Mortgage rates averaged 6.33% in April. Regional detail shows Midwest and South up, Northeast unchanged, and West down, with second-home purchases contributing to demand.

via National Association of REALTORS®|
#april-2026#existing-home-sales#housing-market
Mortgage-rate jump slows real estate market as April existing-home sales barely rise
business2 months ago

Mortgage-rate jump slows real estate market as April existing-home sales barely rise

U.S. existing-home sales in April rose just 0.2% to 4.02 million (SAAR), missing forecasts and flat vs. a year ago. Inventory climbed 5.8% from March to a 4.4‑month supply but remains tight. The median home price was $417,700, up 0.9% year over year—the highest April price on record. Mortgage rates surged into about 6.4% this week after being in the high 5% range, weighing on buyers. Days on market rose to 32, and first-time buyers accounted for 33% of sales, with all-cash purchases at 25%.

via CNBC|
#business#existing-home-sales#home-prices
Lucid Halts 2026 Guidance Amid Inventory Glut Under New CEO
business2 months ago

Lucid Halts 2026 Guidance Amid Inventory Glut Under New CEO

Lucid paused its 2026 production guidance as new CEO Silvio Napoli audits the business, citing a mismatch between output and demand. In Q1, 5,500 cars were built but only 3,093 delivered, leaving roughly 2,400 in inventory and driving total inventory to about $1.47 billion. Revenue rose 20% year over year to $282.5 million but missed expectations of about $440 million, while net loss topped $1 billion and free cash burn ran about $1.44 billion. The Saudi PIF remains a funding lifeline through late 2027 as Lucid pursues cost discipline and a tighter investment plan.

via Carscoops|
#business#electric-vehicles#inventory
Lucid to trim production to align with demand as inventory sits high
business2 months ago

Lucid to trim production to align with demand as inventory sits high

Lucid Group said it will take steps to better align its production with customer demand and reduce an elevated EV inventory, with no plan to idle its Arizona plant and no firm recantation of prior guidance to produce 25,000–27,000 units. In Q1 2026, the company produced 5,500 vehicles but delivered 3,093, and it cited a supplier issue affecting Gravity deliveries, as it seeks to convert excess inventory into revenue through disciplined cost control and improved delivery cadence, following a quarterly results miss relative to expectations.

via CNBC|
#business#deliveries#electric-vehicles