New homebuyers must make an average annual salary of $115,000 to afford the average U.S. home, according to recent studies from Redfin. That’s about $40,000 more than the typical American household earns.

In the wake of the Sitzer/Burnett verdict, a new, similar lawsuit — this time on behalf of homebuyers — has been filed in the Northern District of Illinois, Eastern Division.

Redmond ranked No. 1 overall — although the average home is valued at over $1.36 million, the area’s population has grown 18.13% since 2017.

Certified Divorce Lending Professionals go through extensive training and continuing education to achieve and maintain their CDLP designation.

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

The National Association of REALTORS®, Keller Williams and HomeServices of America were found liable of conspiring to inflate commissions and ordered to pay damages totaling $1.78 billion, a jury in Missouri ruled Tuesday.

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

“We are thrilled to have Sterling Johnston brokers and leaders join John L. Scott,” said J. Lennox Scott, chairman and CEO of John L. Scott.

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. 

This Midwest castle, built in the late 1800s, stands as an authentic reproduction of a Richardsonian Romanesque Scottish castle.

Community Roots Housing and GenPride have opened Pride Place, the Pacific Northwest’s first affordable residential development for LGBTQ+ seniors.

It’s common practice to yell “REALTOR!” when entering a home. An agent never knows exactly what they’re walking into … There might just be a ghost party roaring in the basement.

The castle is listed by Richard Bassford, leader of The Bassford Team at RE/MAX Concepts Bettendorf, for $700,000.

If you aren’t looking closely enough, you might miss it. The most expensive new listing in Seattle is a minimalist property that blends right into the Puget Sound scenery.

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