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.

Other settlements are still awaiting final approval, including the $418 million settlement with NAR.

Zillow attributes this trend to a growing sense of nostalgia for easier times.

Yun expects existing home sales to show gains in 2024, 2025 and eight of the next 10 years.

NAR previously said the changes were expected to start in mid-July.

The typical amount donated annually was $1,000, up from $800 in 2022.

HomeServices of America is the last defendant to settle in the case.

CoStar Group Inc., a global real estate information marketplace, will acquire Matterport, which pioneered the development of “digital twins”: the 3D capture method which can deliver photorealistic, virtual home tours.

The survey also revealed that 22% of builders cut home prices this month, down from 24% in March and 36% in December.

NAR and other housing groups backed the lawsuit and submitted statements to the justices.

An appeals panel ruled the DOJ could resume its antitrust investigation into NAR. 

Pareja replaces former CEO Glenn Sanford, who will maintain his roles as founder, chairman and CEO of eXp World Holdings.

Millennials surpassed baby boomers to make up the largest share of homebuyers last year, according to NAR’s latest Home Buyers and Sellers Generational Trends report.

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.

NAR’s Katie Johnson explains what’s next for Realtors in the wake of the association’s legal settlement.