Sales of luxury homes are falling nationwide amid persistent affordability challenges, and these metros are seeing the most substantial slowdowns

Existing home sales declined for the 12th consecutive month in January, a housing slowdown not seen since 1999

John Burns Real Estate Consulting's New Home Trends Institute offers master plan execution insights for a more challenging sales environment in 2023

Prospective buyers forging through a market correction are going toe-to-toe with one another for newly constructed homes, while a growing supply of aging for-sale inventory remains largely untouched

Prospective buyers searching for new homes are instead finding a growing inventory of for-sale properties that are 40 or more years old

Homebuyer demand rebounded slightly after a small dip in the 30-year fixed-rate mortgage, but an inflated economy continues to pose affordability challenges even in a cooling market

Recent market conditions have taught home builders some valuable sales lessons and have also forced builders to take a hard look at how they're engaging homebuyers in order to meet rising expectations

A recent survey about homeownership finds that while consumers believe in homeownership, many think now is not the right time to buy

As soaring home prices continued their longest streak on record, existing home sales slowed for the 11th month in a row in December 2022