Trends
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Multigenerational homes are defined by NAR as homes where families live under the same roof with grandparents, adult children or other extended family members.
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Homebuyers can now afford $400,000 homes with $2,500 monthly budgets for the first time in four months, according to a new report from Redfin.
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Current real estate market conditions have not discouraged buyers from their plans of homeownership, according to a new survey from RE/MAX.
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A report from Realtor.com shows that many areas that experienced substantial growth during the pandemic are now posting some of the country’s steepest price reductions.
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A report from Redfin shows that 29% of single-family homes for sale in the U.S. were new constructions in the third quarter of 2022.
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Data from the PEW Trust shows that investment companies make up approximately a quarter of the entire single-family home market across the U.S.
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Mortgage rates continued to weigh on homebuyers in September, following a brief uptick in new-home sales in August.
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At the same time, mortgage applications declined 1.7% on a seasonally adjusted basis on a week-over-week basis, according to the Mortgage Bankers Association.
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Month over month in September, existing-home sales slid 1.5% to 4.71 million, which is 23.8% lower than the year before.
New home construction missed analyst estimates in September, falling 8.1% month over month to an annual rate 1,439,000 homes, according to government statistics.
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Approximately 58% of homebuyers say they’d be willing to purchase a haunted house — and nearly 25% think they already have.
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While 23% of residential Realtors claim they have feared for their safety while on the job, 98% reported that they have never been the victim of a crime while at work.
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Sales of new homes in the U.S. jumped 28.8% between July and August, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
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The median existing-home price for all housing types in August was $389,500, a 7.7% rise from the year before.
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The NAR’s Community Aid and Real Estate (CARE) Report shows that REALTOR® associations donated a median of $12,070 this past year, a 20% increase over 2020.
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New-home construction posted a 12.2% month-over-month increase in August, thanks in large part to a significant jump in multifamily building.