National News
The REALTORS® Relief Foundation has offered more than $1.6 million in disaster relief aid to help victims of recent tornadoes in Arkansas, Mississippi, Kansas and Oklahoma.
eXp Realty’s rank as the top brokerage by sides is up two spots from last year’s ranking. The brokerage also ranked fourth in the country for sales volume.
The National Association of REALTORS® Pending Home Sales Index rose for the third month in a row, suggesting the housing market’s contraction could be “coming to an end.”
In Seattle, home prices fell 5.1% on a yearly basis and 1.4% on a monthly one.
NAR’s annual Home Buyers and Sellers Generational Trends Report reveals that millennials are losing their market share — fast — while baby boomers and Gen Z make new gains.
The supply of new homes for sale ticked lower from February, according to government figures.
The annual rate of 4.58 million sales was up 14.5% from January but down 22.6% from the February 2022 rate of 5.92 million.
Nationally, the week of April 16-22 is likely to provide sellers with the most favorable conditions for a successful sale of any week of the year, although the exact timing varies widely by market.
The vast majority of Realtors — 92% — suggest that sellers improve the “curb appeal” of a home before listing. But how exactly should they go about that?
A shortage of existing-home inventory is driving more people to the market for newly built homes.
Homebuilders expressed “cautious optimism” that the lack of existing inventory would drive demand for new homes despite high construction costs and interest rates, the National Association of Home Builders reported.
The Mortgage Bankers Association noted the increase in borrowing activity came despite the 30-year fixed mortgage rate climbing to its highest level since November 2022.
In January, home prices were up 5.5% annually and down 0.2% monthly, CoreLogic reported, citing its monthly Home Price Insights report.
Keeping things in historical perspective can be tough when mortgage rates have roughly doubled in the last year. Mike Del Preto, a senior mortgage advisor at Fairway Independent Mortgage Corporation, helps provide a closer look at the numbers.
Nearly 55 years after the Fair Housing Act was signed into law, Black homeownership still lags behind white homeownership.
Many feel they could have made a higher profit if they’d made better decisions. But are those regrets valid?