National News

The median price of a new home sold during the month was also up, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.

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.

Real estate agents cannot ask clients about a diagnosis … So, how can you best serve neurodivergent clients?

The amount a homebuyer needs to earn to afford a median priced starter home is down 0.4% from last year, marking the first annual decline since August 2020.

The latest reading of the National Association of REALTORS® Pending Home Sales Index shows a return to month-over-month growth after a decline in July.

The 716,000 per-year rate of new-home sales topped the consensus estimate of 700,000.

The 2.5% decline followed a 1.3% increase in July, according to the National Association of REALTORS®.

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.

Specifically, prices rose 4.3% annually after growing by 4.7% in June.

The latest National Association of REALTORS® Confidence Index Survey found that 16% of respondents expect a year-over-year increase in buyer traffic in the next three months, compared to 13% a month earlier.

RealPage calls DOJ filing “devoid of merit.”