Trends
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Specifically, prices rose 4.3% annually after growing by 4.7% in June.
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July’s seasonally adjusted annual rate of 739,000 represented a 10.6% jump from June’s upwardly revised rate of 668,000.
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The pace of home sales increased 1.3% from June after months of decreases, the National Association of REALTORS® said.
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The combination of rising inventory and price reductions in Denver and nationwide is creating a more buyer-friendly market.
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The National Association of REALTORS® said its Pending Home Sales Index rose 4.8% month over month.
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There are plenty of ways to upgrade a home without knocking down walls or hiring a whole construction crew.
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Despite record high prices, two factors are creating opportunities for homebuyers this summer: falling mortgage rates and rising supply.
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Despite spending more time than ever at home, more than half of Americans admit to hiding from their neighbors, according to a survey from Top Rail Fence.
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Summer is underway, and many homeowners are looking for ways to upgrade their outdoor spaces so they can enjoy the heat in style.
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The record-breaking sales price comes as the pace of transactions slid from April, the National Association of REALTORS® said.
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With warm weather heating up much of the United States, many homeowners are craving new summer styles for their living spaces.
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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.
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At the same time, the median price of a new home sold in April declined as well.
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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.
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According to a new report from RentCafe, hotels have overtaken offices as the most likely spaces to be converted into new apartments.
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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.