Realtor.com5h ago2 min read
New-Home Sales Drop in April as Mortgage Rates Stay ElevatedNew-home sales fell 6.2% in April to 622,000 units, while median prices rose to $422,500 amid elevated mortgage rates.
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New-home sales fell 6.2% in April to 622,000 units, while median prices rose to $422,500 amid elevated mortgage rates.
Home purchase loans hit a 12-year low in Q1 2026, with originations down 19% due to high mortgage rates and prices.
Couples keeping finances separate can still secure a mortgage, with lenders focusing on individual creditworthiness and income for approval.
Mortgage refinancing applications fell 18% as 30-year fixed rates climbed to 6.65%, discouraging borrowers despite a year-over-year increase.
Americans are increasingly using balcony solar panels to combat rising residential energy prices, which have surged 30% since 2020.