The average 30-year fixed mortgage rate dropped more than a quarter point since last week.

The National Association of REALTORS® said its Pending Home Sales Index rose 4.8% month over month. 

Just 13% of respondents expect an increase in buyer traffic in the next three months.

Guaranteed Rate has rebranded itself simply as Rate and unveiled a new logo, the mortgage company announced Tuesday.

The U.S. housing shortage grew to about 4.5 million homes in 2022, an increase from 4.3 million the previous year, according to Zillow.

The money raised will go to nonprofit organizations that support the U.S. military community.

“NAR’s proposed settlement agreement largely duplicates the rules and practices in place in NWMLS’ service area for several years,” NWMLS said.

The S&P CoreLogic Case-Shiller U.S. National Home Price Index has hit a new record for six of the last 12 months, as demand remains strong in the face of tight inventory.

VA Deputy Director of Policy Michelle Corrdion announced that the department would temporarily lift its ban.

At the same time, the median price of a new home sold in April declined as well. 

Horton served as chairman of D.R. Horton Inc. since it was formed in July 1991.

New-home construction jumped 5.7% month over month after a soft March, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

According to a new report from RentCafe, hotels have overtaken offices as the most likely spaces to be converted into new apartments.

Other settlements are still awaiting final approval, including the $418 million settlement with NAR.

Zillow attributes this trend to a growing sense of nostalgia for easier times.

Yun expects existing home sales to show gains in 2024, 2025 and eight of the next 10 years.