New homebuyers must make an average annual salary of $115,000 to afford the average U.S. home, according to recent studies from Redfin. That’s about $40,000 more than the typical American household earns.

In the wake of the Sitzer/Burnett verdict, a new, similar lawsuit — this time on behalf of homebuyers — has been filed in the Northern District of Illinois, Eastern Division.

Certified Divorce Lending Professionals go through extensive training and continuing education to achieve and maintain their CDLP designation.

Nykia Wright has been named interim CEO for the National Association of Realtors® (NAR), effective Nov. 20.

The National Association of REALTORS®, Keller Williams and HomeServices of America were found liable of conspiring to inflate commissions and ordered to pay damages totaling $1.78 billion, a jury in Missouri ruled Tuesday.

New single-family home sales increased by 12.3% during September, the fastest pace since early 2022.

Around 70% of new homebuyers will be Hispanic by 2040, according to projections from the Urban Institute. Based on the 2020 Census data, Hispanics are the quickest growing demographic in the U.S. However, with rising interest rates and escalating home prices, affordability issues are appearing for young Hispanic homebuyers.

The median price of a new home sold during the month fell to $418,800 from $433,100 in August, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported. 

This Midwest castle, built in the late 1800s, stands as an authentic reproduction of a Richardsonian Romanesque Scottish castle.

The castle is listed by Richard Bassford, leader of The Bassford Team at RE/MAX Concepts Bettendorf, for $700,000.

The median existing-home price for all housing types in September was $394,300, up 2.8% from $383,500 in September 2022.   

Specifically, single-family homes were built at a seasonally adjusted annual rate of 963,000, up 3.2% from 933,000 in August and up 8.6% from 887,000 a year earlier, according to government figures. 

Brutalist style and sensory gardens may seem at odds — but they are both hot home design trends that will rule 2024. At least, according to new predictions from Zillow.

No matter what the jury decides, it could take years for the appeals process to work itself out, delaying any potential changes to agent commissions.

Two recent reports from the National Association of REALTORS® examine the challenges faced by today’s homebuyers from both the consumer’s and the Realtor’s perspective.

Prospective buyers can access the search-by-school feature via the search bar on Zillow’s iOS mobile app.