Current Market Data
Nationally, the median list price slipped 2.4%, marking the eighth month in a row of declines.
The uptick was driven by a slight dip in mortgage rates.
S&P Dow Jones Indices noted that inflation outpaced national home-price appreciation for the 11th month in a row.
Home sales in the 51 metro areas surveyed by REMAX rose 7.9% month over month and slid 0.5% year over year.
Consumers increasingly accept electric vehicles, but not every state offers the infrastructure needed to make the lifestyle switch.
The increase was driven by refinancing activity as purchase applications dipped.
Existing-home sales and the median home price are forecast to rise 4% this year, according to the National Association of REALTORS® Chief Economist Lawrence Yun.
With demand driving prices skyward, researchers decided to compare FIFA World Cup ticket costs to another expensive commodity — housing.
Starter homes now cost $1 million or more in a record 242 cities, up from just 80 in 2020, according to a Zillow analysis.
The 3.8% month-over-month gain was almost four times what industry observers were expecting.
Paint color has the power to enhance value — or tank it.
Meanwhile, new listings grew by 3.5% year –over year for single-family homes and 8.9% for condos.
Inventory rose 3.3% month over month and 0.6% year over year to 1.55 million homes, which equals a 4.5-month supply of unsold inventory, NAR said.
Nationwide, it takes six years to break even on homeownership, down from an all-time high of 8.4 years in 2023.
Notably, the Commonwealth had the highest percentage of firms listed on the Technology Fast 500 list.
Amid what Realtor.com called the most active spring in years, the housing market is finding a new equilibrium.
