Home sales

When you take mortgage rates, housing prices and incomes into account, homes are 44% less affordable than they were two years ago.

Millennials have faced challenges to homeownership for years. Now, a slim majority of millennials own a home.

Sales at furniture stores have been sliding amid a cooling housing market and weakening consumer sentiment about making big purchases.

People motivated to buy or sell homes in this market are often hitting significant milestones, from babies and back-to-office mandates to downsizing and retirement.

Builders find there's high demand for new developments, but they're also finding it harder to convince banks to loan them money.

Last month, 20% fewer existing homes were sold than in May 2022. People are staying put — and staying together — to avoid higher costs.

More buyers are turning to newly constructed homes as fewer owners of existing homes choose to sell.

When people buy new homes, they buy a lot of other things too, like furniture, appliances and electronics. When home buying slows, that can have a real ripple effect on other industries.

Lumber prices have stabilized after unprecedented volatility.

Affordability is attracting people to sunnier climes — and that's helping to heat up those regions' economies.