“Contract signings to buy a home will keep tumbling down as long as mortgage rates keep climbing, as has happened this year to date.” — National Association of Realtors chief economist Lawrence Yun  

Matching June’s historic move, the Federal Reserve announced that interest rates are rising .75%. The target range for the federal funds rate now sits between 2.25% and 2.5%.

At the same time, the inventory of new homes for sale rose 10.7%, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.

The pace of new multifamily construction, however, jumped, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.  

At the same time, the median existing-home price rose 13.4% year over year to $416,000. 

Nationwide, sales hit their highest level of the year, rising 4.7% from June but falling 17.6% on a year-over-year basis, RE/MAX said. 

July saw the NAHB/Wells Fargo Housing Market Index post its second-largest monthly drop ever, as worries about housing affordability dampened builder sentiment. 

Talk about a detached home. Floating out in the United Kingdom’s Humber Estuary is Bull Sands Fort: a military sanctuary designed during the first World War.

According to the annual survey, the typical Realtor saw their transaction sides rise from 10 to 12 and their sales volume increase from $2.1 million to $2.6 million. 

The tool takes the guesswork out of the home-shopping process by highlighting condos eligible for Veterans Affairs (VA) financing.

The residential-brokerage franchisor announced a host of company-wide steps it is taking to grow its business. 

Prices for single-family homes in the Denver metro increased by 20.3% year over year in May. However, they decreased by 3.3% month over month from April.

A new report from ShowingTime reveals a continued drop in home showings nationwide: During May, buyer traffic decreased 18.2% year over year.

Agent commissions of the future could look much different than they do today, as a Department of Justice investigation into the issue of decoupling buyer and broker commissions continues, class-action lawsuits are advancing and associations and MLSs are adjusting their policies.

More than 1,000 square feet are tucked away inside this real-life, hillside Hobbit house! It looks straight out of Middle Earth.

The Peterson Rock Garden and Museum, a beloved local attraction in central Oregon, is officially for sale. It’s listed for $825,000.