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.
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Category: NAR
The kinds of houses buyers opted for this year
Detached single-family homes remained the most popular type of housing, making up 79% of all home purchases during the past year.
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Inside today’s real estate firms: top challenges, future outlook and more
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®.
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NAR’s latest Profile of Home Buyers and Sellers shows homebuyers’ median income is up nearly 20%
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.
The post NAR’s latest Profile of Home Buyers and Sellers shows homebuyers’ median income is up nearly 20% appeared first on Atlanta Agent Magazine.
How More First-Time Homebuyers Are Successfully Navigating This Challenging Housing Market
More first-time homebuyers have been successfully navigating the extremely pricey and challenging housing market.
The post How More First-Time Homebuyers Are Successfully Navigating This Challenging Housing Market appeared first on Real Estate News & Insights | realtor.com®.
Home Prices Rose the Most in These Cheaper Cities—and Came Down in These Pricier Ones
The temperature may be dropping, but it’s not cooling off high home prices in much of the country.
The post Home Prices Rose the Most in These Cheaper Cities—and Came Down in These Pricier Ones appeared first on Real Estate News & Insights | realtor.com®.
What you need to know about that ‘Batton 2’ real estate commissions lawsuit
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.
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NAR, Keller Williams, HomeServices of America found guilty of conspiring to inflate commissions
The National Association of REALTORS®, Keller Williams and HomeServices of America were found guilty of conspiring to inflate commissions and ordered to pay damages totaling $1.78 billion, a jury in Missouri ruled Tuesday.
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Short supply helps drive existing-home sales to 13-year low
The median existing-home price for all housing types in September was $394,300, up 2.8% from $383,500 in September 2022.
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Homebuyers from all demographics are waiting for the same thing: lower prices and mortgage rates
Two recent reports from the National Association of REALTORS® examine the challenges faced by today’s homebuyers from both the consumer’s and the Realtor’s perspective.
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