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According to the RE/MAX National Housing Report for February 2023, the median sales price experienced a slight rise over January, ending a seven-month streak of price declines.
Read More »U.S. Median Sales Price Experiences Modest Increase
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Home Prices Experience First Annual Drop Since 2012
While many homebuyers remained on the sidelines, home sales and competition leveled off in February, as the median U.S. home sale price fell 1.2% in February, marking the first year-over-year decline since 2012.
Read More »Single Female Homeownership Gains Driving Overall Homeownership Rate Growth
Since 2019, the number of single, female-headed households has increased by 1.4 million, one million of whom are homeowners, according to a new report from First American.
Read More »Median U.S. Asking Rents Rise Nearly 2% YoY
According to a new report from Redfin, the nationwide median asking rent inched upward just 1.7% in February, marking the smallest increase in nearly two years, and the lowest level in 12 months.
Read More »December Declines Accentuate Year of Transition Toward a Balanced Market
Sales in every month of 2022 fell short of the previous year, according to a new RE/MAX report, which shows home sales were down an overall 38% from 2021, while the number of homes for sale was up nearly 70%.
Read More »Fannie Mae: Housing Market May Be More Vulnerable Than Projected
With home sales having dropped sharply this past year, Fannie Mae experts discuss the impact of lowering mortgage rates and what factors drove purchase demand to increase. Here’s why the housing market is now "in a different phase of the economic and housing cycle.”
Read More »Pending Home Sales, Contract Signings Slide in November
Pending home sales recorded the second-lowest monthly reading in 20 years as pending transactions dropped by nearly 40% year-over-year, while contract signings also slipped from October.
Read More »Price Drops Bringing Buyers Back to the Market
As home prices and mortgage rates fall from their peak, the typical homebuyers’ monthly housing payment declined nearly $300 from October, according to a new report from Redfin.
Read More »Newly Built Homes Making Up Increasing Market Share
Homes built during the pandemic boom are now going up for sale, according to Redfin's latest market report. The share of new construction homes reached 29%, marking a new high for any Q3 on record.
Read More »Real Estate Agents’ Long-Term Career Sentiment Dips
A new Realtor.com analysis reported only 4 in 10 new agents are confident about a long-term real estate career. Industry experts suggest mentorship, cash reserves, and a full-time commitment are the keys to early success.
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