Matching June’s historic move, the Federal Reserve announced that interest rates are rising .75%. The target range for the federal funds rate now sits between 2.25% and 2.5%.

At the same time, the inventory of new homes for sale rose 10.7%, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.

Housing data for May 2022 continued strong, as price gains decelerated slightly from very high levels,” Craig J. Lazzara, managing director at S&P DJI, said.

The pace of new multifamily construction, however, jumped, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.  

Tehaleh in Bonney Lake makes list of the top-selling master-planned communities in the country during the first half of the year. 

At the same time, the median existing-home price rose 13.4% year over year to $416,000. 

Nationwide, sales hit their highest level of the year, rising 4.7% from June but falling 17.6% on a year-over-year basis, RE/MAX said.

July saw the NAHB/Wells Fargo Housing Market Index post its second-largest monthly drop ever, as worries about housing affordability dampened builder sentiment. 

The National Association of Hispanic Real Estate Professionals released its 11th annual Top 250 Latino Agents Report.

Talk about a detached home. Floating out in the United Kingdom’s Humber Estuary is Bull Sands Fort: a military sanctuary designed during the first World War.

John L. Scott Real Estate has acquired Fresh Look Real Estate, a Bellevue brokerage with 28 associates and five brokers in training.

About 14.9% of home-purchase agreements nationwide fell through in June, the highest percentage in more than two years.

According to the annual survey, the typical Realtor saw their transaction sides rise from 10 to 12 and their sales volume increase from $2.1 million to $2.6 million. 

The tool takes the guesswork out of the home-shopping process by highlighting condos eligible for Veterans Affairs (VA) financing.

The residential-brokerage franchisor announced a host of company-wide steps it is taking to grow its business. 

The latest data from NWMLS shows a real estate market shifting to something that resembles normalcy after years of a frenzied sellers’ market.