National News
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Despite the new record in September, the rate of increase continues to slow.
Builder confidence in the market for newly built single-family homes increases again.
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The new findings come from real estate tech strategist Mike DelPrete.
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The increase follows two months of declines, the National Association of REALTORS® said.
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Multifamily construction, meanwhile, rose on a monthly basis.
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Homeowners and buyers will prioritize nostalgic, old-world design sensibilities juxtaposed with modern sustainability technologies next year, according to Zillow.
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“Maybe the worst is coming to an end,” Yun said.
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As the nation reacts to President-elect Donald Trump’s win, real estate agents are no doubt wondering what a second Trump term means for housing. Here’s a rundown.
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Fifty-four percent of Americans would move into a haunted house, according to Clever Real Estate. Meanwhile, 95% say they’re more scared of home repairs.
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The S&P CoreLogic Case-Shiller U.S. National Home Price Index hit a new record in August, marking the 15th month in a row of new highs.
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Sales slid 1% compared to August, the National Association of REALTORS® said.
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The average 30-year fixed mortgage rate climbed to 6.44%.
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Multifamily starts, meanwhile, declined, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development said.
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At the same time, the median-sales price declined from August, according to the RE/MAX National Housing Report.
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Katie Johnson, who serves as NAR’s chief legal officer and chief member experience officer, is stepping down.
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Mortgage rates have been dropping in recent weeks in anticipation of the Fed’s move.