National News
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A third consecutive month of increases in the S&P CoreLogic Case-Shiller U.S. National Home Price Index lends new evidence to claims that previous declines could be behind the market.
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Demand for newly built homes has remained strong as high interest rates keep many would-be sellers of existing homes off the market.
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At the same time, the median existing-home price for all housing types slid 3.1% year over year to $396,100.
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Goldberg’s retirement comes after 30 years of service with NAR and four decades of real estate experience.
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The larger-than-expected increase comes as homebuilder sentiment rose for the sixth month in a row.
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There are nearly 40% fewer homes for sale now than before the pandemic began
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The Federal Reserve on Wednesday halted its streak of 10 consecutive rate hikes since March 2022.
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Homes affordable to middle-income buyers — defined as households earning up to $75,000 — fall in the $256,000-to-$320,000 range. But of the over one million U.S. homes on the market at the end of April, less than a quarter of all listings were within that price range.
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World’s Best Cities has announced their ranking of the best cities around the country, with Seattle coming in at No. 8.
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The first quarter of 2023 shows some serious agent fluctuation at many of the country’s biggest brokerages.
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These new homes are envisioned as “missing middle housing,” such as medium and large apartment buildings.
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A second consecutive month of increases in the S&P CoreLogic Case-Shiller U.S. National Home Price Index could indicate a reversal of the negative trend that began last year.
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The incoming executive has held similar roles at BlueLinx Corp. and Extended Stay America.
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Despite solid demand, a dearth of homes for sale kept transaction numbers muted in the association’s most recent report on pending sales.
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A shortage of existing inventory continues to drive buyers to new construction.
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Multiple-offer situations have returned with the spring buying season while distressed and forced sales are “virtually nonexistent,” the National Association of REALTORS® said.