NAR Chief Economist Lawrence Yun said, "The latest weakness in existing home sales still reflects the buyer bidding process in most of October, when mortgage rates were at a two-decade high before the actual closings in November.”
Read More »HUD Takes Further Action to Close the Digital Divide
By opening a new round of applications, HUD's ConnectHomeUSA program seeks to support additional Department-assisted communities in getting affordable and reliable internet access.
Read More »Report: Equilibrium to Return to Short-Term Rental Market in 2024
According to AirDNA, increased economic stability will boost the short-term rental market in 2024, with demand anticipated to rise by 10.7% year-over-year.
Read More »Will Smaller Cities Dominate the Market in 2024?
While affordability remains a challenge for many Americans, a new report revealed that Zillow users gravitated toward smaller cities in 2023, with some of the most desirable towns being in places you might not expect.
Read More »What International Markets Are American Real Estate Investors Targeting?
A new survey of U.S. real estate investors uncovers the top international markets sought after for their beaches, city properties, good healthcare, and safety.
Read More »Potential Home Sales Experience Largest Monthly Growth in a Year
Mortgage applications climbed in November, but will home sales accelerate throughout the end of the year? Mark Fleming, Chief Economist at First American, details the state of existing-home sales and more market predictions.
Read More »Pending Home Sales Surge, But Closed Sales Lag Behind
In November, new listings jumped to their highest level since October 2022, while home prices also posted its biggest increase since the same time last year. Pending home sales also continued to rise, but many home purchases fell through at a record rate as some homebuyers got cold feet, according to a new Redfin report.
Read More »Rent Prices Continue Their Decline
The median asking rent was down from last month, according to Realtor.com's November 2023 Rental Report, with rental supply outpacing demand in the West and South, causing prices to cool.
Read More »Home Flipper Investment Returns Rebound
Profits and profit margins for home flippers recovered in Q3 2023, with a new report revealing that investors were able to benefit from shifts in prices between the time of purchase and the point at which they sold them.
Read More »Are Renters Finally Catching a Break?
While a recent apartment construction boom offered U.S. renters more options to choose from, an increasing number of buildings to choose from caused the rental vacancy rate to rise in Q3, according to a new Redfin report.
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