The platform, which recently announced its entry into markets across the country, is led in part by Josh Altman of Million Dollar Listing.

Home prices were up 18.3% on a year-over-year basis and 0.6% month over month. Looking ahead, CoreLogic expects year-over-year appreciation to slow to 4.3% by June 2023. 

“Contract signings to buy a home will keep tumbling down as long as mortgage rates keep climbing, as has happened this year to date.” — National Association of Realtors chief economist Lawrence Yun  

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.