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STILL BUSY: Sally Lapides, CEO and president of Residential Properties Ltd., says she believes demand for new homes will remain strong in 2022. / PBN PHOTO/MICHAEL SALERNO

Housing market forecast: ‘From ridiculous to hot’

Prospective homebuyers shouldn’t expect substantial relief on the horizon when it comes to house prices. Following a record-breaking year for the residential real estate market...
SALES OF NEW single-family homes in the U.S. dropped 7.8% to a 626,000 annualized pace in May. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER

U.S. new-home sales fall to five-month low, missing estimates

WASHINGTON – Sales of new United States homes fell to a five-month low in May, adding to signs of weakness in the sector despite...

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