The U.S. housing market remains robust, with strong activity reported across both rental and residential housing fronts. Single family rent prices are increasing rapidly, as demand for single family housing and inventory constraints forces some buyers to rent, increasing competition and pushing rents up across the nation. Strong demand, low interest rates and a slight uptick in new listings in recent months, according to the National Association of REALTORS®(NAR). Meanwhile, sales of new construction single_family homes recently hit a six-month high, rising 14% to a seasonally adjusted rate of ..read more

The economy is improving, unemployment is falling and the U.S. real estate market remains strong as we head into the holiday season — a period when activity typically slows as people take time to travel, celebrate and spend time with loved ones. Although the market is not as frenetic as was seen earlier this year, buyer demand is high, bolstered by attractive mortgage rates and a low supply of inventory. New listings decreased 19.5% for single family homes and 26.7% for townhouse/condo homes. Pending sales decreased 36.3% for single family homes and 45.7% for townhouse/condo homes. Inventory d ..read more

Nationwide, existing home sales were down slightly in August, falling 2% after two consecutive months of increases, according to the National Association of REALTORS® (NAR). The decline in existing home sales coincides with rising sales prices, which have continued to soar into fall, with the median sales price of existing homes up 14.9% compared to last year. Declining affordability has had a significant impact on homebuyers, many of whom have been priced out of the market and are choosing to wait for sales prices to ease before resuming their home search. New listings decreased 29.2% for sin ..read more

The 2021 housing market was one for the history books. After three consecutive months of increases recently, existing home sales are on pace to hit their highest level in 15 years, with an estimated 6 million homes sold in 2021, according to the National Association of REALTORS® (NAR). Sales prices reached new heights, inventory hit rock-bottom and homes sold in record time, often for well above asking price. Mortgage rates, which began the year at historic lows, remain attractive, and homeowners who choose to sell in the coming months can expect to see plenty of buyer activity due to pent-up ..read more

The 2022 real estate market begins where 2021 left off, in which existing home sales reached their highest level since 2006, with the National Association of REALTORS® (NAR) reporting sales were up 8.5% compared to the previous year as homebuyers rushed to take advantage of historically low mortgage rates. Home sales would’ve been even greater were it not for soaring sales prices and a shortage of homes for sale in many markets, forcing a multitude of buyers to temporarily put their home purchase plans on hold. New listings decreased 24.6% for single family homes and 23.1% for townhouse-condo ..read more

We’ve been celebrating Women’s History Month since 1955 but it definitely feels a little lackluster when women are still earning a consistent 20-25% less than their male counterparts. It’s a deeply rooted issue spread across almost every industry you can think of — including real estate. Implicit biases run rampant all the time. You've heard it before: successful men are labeled assertive and successful women are labeled ... bitchy. Ironically, 65% of all REALTORS® are female, according to the National Association of REALTORS® (NAR) but not surprisingly, only a small percentage of th ..read more

The U.S. real estate market remains hot ahead of the spring selling season, with existing home sales up 6.7% as of last measure, according to the National Association of REALTORS® (NAR). Experts attribute the growth in sales to an uptick in mortgage interest rates, as buyers rushed to lock down their home purchases before rates move higher. Mortgage rates have increased almost a full percentage point since December, with the average 30-year fixed-rate mortgage briefly exceeding 4% in February, the highest level since May 2019. New listings decreased 21.1% for single family homes and 14% for to ..read more

The average 30-year fixed rate mortgage exceeded 5% in April, the highest level since 2011, according to Freddie Mac. The recent surge in mortgage rates has reduced the pool of eligible buyers and has caused mortgage applications to decline, with a significant impact on refinance applications, which are down more than 70% compared to this time last year. As the rising costs of homeownership force many Americans to adjust their budgets, an increasing number of buyers are hoping to help offset the costs by moving from bigger, more expensive cities to smaller areas that offer a more affordable co ..read more