Multifamily construction, meanwhile, rose on a monthly basis. 

Homeowners and buyers will prioritize nostalgic, old-world design sensibilities juxtaposed with modern sustainability technologies next year, according to Zillow.

“Maybe the worst is coming to an end,” Yun said.

As the nation reacts to President-elect Donald Trump’s win, real estate agents are no doubt wondering what a second Trump term means for housing. Here’s a rundown.

Fifty-four percent of Americans would move into a haunted house, according to Clever Real Estate. Meanwhile, 95% say they’re more scared of home repairs.

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. 

Sales slid 1% compared to August, the National Association of REALTORS® said. 

The average 30-year fixed mortgage rate climbed to 6.44%. 

Multifamily starts, meanwhile, declined, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development said.    

At the same time, the median-sales price declined from August, according to the RE/MAX National Housing Report. 

John L. Scott has reached a settlement agreement in the ongoing buyer-agent commission lawsuit, Gibson/Umpa. It is one of two independent brokerages to settle in the case this week, the other being the Michigan-based Real Estate One.

Katie Johnson, who serves as NAR’s chief legal officer and chief member experience officer, is stepping down.

The Seattle area had the third-largest home-price spike in the country during August, according to RE/MAX’s latest National Housing Report. The market’s median price — $745,000 — is now the fourth-highest in the United States.

Mortgage rates have been dropping in recent weeks in anticipation of the Fed’s move.

The expectation of a rate cut this week, and the potential for more later in the year, has already moved mortgage rates lower.

Rate introduced its Spanish-language mortgage process in 2022.