Trends
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Sustainability and housing affordability are on the top 10 list.
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The S&P CoreLogic Case-Shiller U.S. National Home Price Index hit a new record in August, marking the 15th month in a row of new highs.
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The median price of a new home sold during the month was also up, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
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Sales slid 1% compared to August, the National Association of REALTORS® said.
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Multifamily starts, meanwhile, declined, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development said.
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October’s increase comes as inflation slows and mortgage rates decline.
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At the same time, the median-sales price declined from August, according to the RE/MAX National Housing Report.
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The amount a homebuyer needs to earn to afford a median priced starter home is down 0.4% from last year, marking the first annual decline since August 2020.
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Realtor was the most desirable job in 49 of the 50 states, the study found.
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The latest reading of the National Association of REALTORS® Pending Home Sales Index shows a return to month-over-month growth after a decline in July.
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Homebuying has just become more affordable for the first time since 2020, according to a new Redfin report.
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The 716,000 per-year rate of new-home sales topped the consensus estimate of 700,000.
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Despite a summer marked by falling mortgage rates and increased inventory, homebuying activity in Greater Boston has cooled since late spring.
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The 2.5% decline followed a 1.3% increase in July, according to the National Association of REALTORS®.
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For the second month in a row, housing affordability in the Bay State rose in August, a positive sign for homebuyers.
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Single-family home prices rose 5% from last year to $630,000.