Housing market enters recession territory. Here’s what that means

If you’ve been paying attention to the U.S. housing market, you’ve likely seen words like “correction” and “recession” crop up more and more.

Earlier this week, National Association of Home Builders CEO Jerry Howard warned on Fox Business’ “Varney & Co.” of a “tough time” ahead for home builders as data continues to show the national housing market slowing down.

by Phil Hall | Aug 21, 2026

Also on the rise was the median sold price in July – $450,999, up 2.5% year-over-year. Continue Reading More Closed Sales, Fewer Pending Sales Across Mid-Atlantic Region

by John G. Stevens | Aug 21, 2026

The commission settlement survived another major legal challenge. For real estate agents, the bigger question now is whether they can clearly demonstrate why their services are worth paying for. Continue Reading The Commission Fight Isn’t the Biggest Problem Facing Real Estate Agents Anymore

by Phil Hall | Aug 21, 2026

“Cities throughout California must play by the same set of rules established by our legislature for the development of housing,” said CAR President Tamara Suminski. Continue Reading California Realtors-Backed Group Sues 3 Cities for Limiting Housing Near Transit

by Phil Hall | Aug 21, 2026

Harry and Meghan came to California in 2020 after stepping down from their royal duties, purchasing a home in Montecito for $14.6 million. Continue Reading Report: Prince Harry and Meghan Not Planning to Sell California Mansion

by Phil Hall | Aug 21, 2026

Redfin noted the deals were falling through at a higher rate than in 2020-2022, when the housing environment was in a hot seller’s market. Continue Reading Home Purchase Cancellations at Highest Level in Nearly 3 Years

by Phil Hall | Aug 21, 2026

The median home price edged lower by 3% in July to $330,000, down from the all-time high of $340,000 in June. Continue Reading Pennsylvania Home Sales Slowed in July

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