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Forecast Shows Home Prices Falling in Much of the South and West in 2026
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CBS News, Approved, National

Forecast Shows Home Prices Falling in Much of the South and West in 2026

By Mary Cunningham | CBS News It's still a tough time to get a foothold in the housing market, with homes sitting near record values and mortgage rates parked well above 6%. But the tide could turn in 2026, with property prices forecast to dip in 22 of the largest 100 U.S. cities and mortgage rates expected to ease slightly, according to a new analysis from Realtor.com. The real estate market is expected to move in a more "buyer-friendly" direction next year, leading to the "most balanced housing market" since the pandemic, meaning that neither sellers nor buyers are likely to have the upper hand in negotiations, said Jake Krimmel, a senior economist at Realtor.com. Mortgage rates are expected to dip to an average of 6.3% next year, a slight drop from 2025's ...
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Trump Floats Tax-Free Home Sales to Unleash Real Estate Revival
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National, Approved, Newsmax

Trump Floats Tax-Free Home Sales to Unleash Real Estate Revival

By Brian Freeman | NEWSMAX President Donald Trump said on Tuesday that his administration is thinking about adopting a policy to eliminate capital gains taxes on the sale of a house. Speaking at the Oval Office, Trump was asked about the importance of having "no tax on home sales capital gains to unleash the housing market." Trump responded, "We are thinking about that. But it would also unleash it just by lowering the interest rates. If the Fed would lower the rates, we wouldn't even have to do that. But we are thinking of no tax on capital gains on houses." Rep. Marjorie Taylor Greene, R-Ga., posted on X a video of Trump's statement and thanked him "for supporting my No Tax on Home Sales Act." READ THE FULL ARTICLE AT NEWSMAX
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Home prices smashed another record in June as sales slump
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Approved, Fox Business, National

Home prices smashed another record in June as sales slump

By Megan Henney  | Fox Business The cost of buying a new house just hit another all-time high, according to a new report. Data published by the National Association of Realtors shows the median existing U.S. home sale price jumped to $426,900 in June – a 4.1% increase from the same time last year. That marks the highest level on record and is the second straight month that prices topped a new high. As prices marched higher, sales of previously owned homes tumbled 5.4% to an annual rate of 3.89 million units.  In a potentially good sign for buyers, however, there was an uptick in inventory last month. At the end of June, there were about 1.32 million homes for sale, according to the report, up 3.1% from the previous month and 23.4% from the same time one year ago. READ T...
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