At the same time, the median sales price for a new home hit its highest level since 2022, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.   

Rate announced an initiative that will offer first responders a one-year accidental death insurance policy that covers their mortgage balance up to $650,000 if they die in the line of duty.

In Boston, home prices rose 6.35% year over year and 0.42% month over month in December. Beantown’s annual increase was the third highest in the U.S. after New York and Chicago.

At the same time, builder sales expectations for the next six months posted their second-largest drop since the sentiment index started in 1985. 

In the wake of this news, Redfin also laid off 450 employees.

Yun expects mortgage rates to drop to 6% by the end of the year.

President Donald Trump’s 25% tariff on Canadian and Mexican goods will harm housing affordability in the United States, the National Association of Home Builders (NAHB) said in a statement over the weekend.

The median existing-home price for all housing types in December rose 6% from its year-ago level.    

Willis initially served as president from 2002 to 2005 and as CEO from 2005 to 2014. He then resumed the post of CEO in November 2023 and took over as president again in March of last year.

Nationally, home sales were up 13.3% year over year and 4.4% month over month, RE/MAX said. 

Those regrets may explain why the survey also found that 59% of respondents said they plan to move in 2025.

In its last reading before the end of the year, the National Association of REALTORS®  Pending Home Sales Index posted its fourth consecutive monthly increase in November. 

2024 was jam packed with big news stories, from the presidential election to the National Association of REALTORS® (NAR) settlement to the implementation of those new rules. Check out our top 10 most-read stories. 

The median-sales price slid from $425,600 in October to $402,600 last month. 

Matthew Gardner shares his predictions for the housing industry in 2025.

The year-over-year increase of 6.1% is the greatest since June 2021, according to the association.