Summer is underway, and many homeowners are looking for ways to upgrade their outdoor spaces so they can enjoy the heat in style.

The record-breaking sales price comes as the pace of transactions slid from April, the National Association of REALTORS® said. 

The average 30-year fixed mortgage rate dipped to 6.87%.

With warm weather heating up much of the United States, many homeowners are craving new summer styles for their living spaces.

The S&P CoreLogic Case-Shiller U.S. National Home Price Index has hit a new record for six of the last 12 months, as demand remains strong in the face of tight inventory.

At the same time, the median price of a new home sold in April declined as well. 

Buyers are finally getting some relief as mortgage rates dip below 7% for the first time in five weeks, according to a Redfin report. 

New-home construction jumped 5.7% month over month after a soft March, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

According to a new report from RentCafe, hotels have overtaken offices as the most likely spaces to be converted into new apartments.

Monthly home payments hit new records last month reaching an all-time high of $2,747, an 11% increase from last year.

In 2020, median renovation spending was $15,000. That amount increased by 60% in three years, with the median home renovation costing $24,000 in 2023.

Prospective sellers should prepare to jump on the market — the week of April 14 through 20 will be the best time to sell this year.

Sales rose 9.5% from January to a seasonally adjusted annual rate of 4.38 million.

There’s a reason many homeowners opt for neutral shades when trying to sell their house — certain flashy colors may be off-putting to buyers.

Many buyers entered the housing market for the first time in 2023. But who were these first-timers, and what did their homebuying experience look like?

With the spring market right around the corner, the U.S. housing supply finally got a boost.