New-home sales are gaining ground and so are prices. The median price for a new home soared 8.3 percent in April compared to a year ago, according to the Commerce Department.

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“The commercial real estate sector is on the path to recovery, but subpar economic growth … and the industry trend toward squeezing more employees into existing spaces will keep demand from meaningful acceleration,” according to NAR’s latest forecast.

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About 300 lawmakers have waged a bipartisan effort urging the Consumer Financial Protection Bureau to offer a “grace period” for lenders to comply with a new mortgage disclosure rule.

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The 30-year fixed-rate mortgage rose above 4 percent last week, prompting home owners to stall in refinancing their loans.

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LinkedIn has long been thought of the most popular social media site of salespeople, but a new leader has emerged.
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