Immigrants working in U.S. construction hit 2.9 million.

How will our homes evolve in the new year?

Homesellers who worked with a real estate agent during the last two years made more profit and had fewer regrets.

“It’s the right thing to do, and it’s what we should have been doing all along,” said Keller Williams Greater Seattle Designated Broker Lindsey Sargent. “Now we all just have to get used to it.”

The only region of the U.S. that didn’t experience an annual decline in existing home sales was the Midwest, where sales were unchanged year over year.

Tracy Kasper was named 2024 president of the National Association of Realtors® during the organization’s annual event in Anaheim, California. 

Detached single-family homes remained the most popular type of housing, making up 79% of all home purchases during the past year.

Real estate firm leaders are worried about housing affordability and inventory in the next two years, according to the 2023 Profile of Real Estate Firms by the National Association of REALTORS®.

Today’s homebuyers are more likely to pay cash and be unmarried and childless than in previous years. They’re also entering their new homes with a much steeper income, according to NAR’s annual Profile of Home Buyers and Sellers report.

Mark Willis, who served as CEO of Keller Williams from 2005 to 2014, has stepped back into the role effective immediately.

RE/MAX Holdings has named a new CEO after nearly two years of searching: Erik Carlson, former CEO of the DISH Network Corporation. The firm’s last CEO, Adam Contos, stepped down in January 2022.

Nykia Wright has been named interim CEO for the National Association of Realtors® (NAR), effective Nov. 20.

New single-family home sales increased by 12.3% during September, the fastest pace since early 2022.

Around 70% of new homebuyers will be Hispanic by 2040, according to projections from the Urban Institute. Based on the 2020 Census data, Hispanics are the quickest growing demographic in the U.S. However, with rising interest rates and escalating home prices, affordability issues are appearing for young Hispanic homebuyers.

The median price of a new home sold during the month fell to $418,800 from $433,100 in August, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported. 

The median existing-home price for all housing types in September was $394,300, up 2.8% from $383,500 in September 2022.