Pending home sales fell in April but expected rate cuts offer some hope

Contract signings fell 7.7 percent between March and April to a score of 72.3 on the Pending Home Sales Index last month, according to data released Thursday by the National Association of Realtors. Continue reading

Hemlane launches free software as ‘accidental landlords’ increase

The launch comes as approximately 45.2 million Americans rent out their homes concurrently with the rise in mortgage rates. Continue reading

2 Tampa-area Realtor organizations announce merger

Pinellas Realtor Organization / Central Pasco Realtor Organization approved their merger with Greater Tampa Realtors, forming a new group called Tampa Bay Realtors. Continue reading

US inventory rises to highest level since 2022 as new-home sales fall

Newly built homes available on the market rose to 480,000, representing a supply of 9.1 months at the current sales rate, up from an 8.5 month supply in March, according to U.S. Census Bureau data. Continue reading

Existing-home sales dip in April — but rising inventory lifts high-end

Homes at the higher end of the market — priced at $1 million or more — enjoyed the spoils with inventory and sales rising by double digits from a year ago, according data released Wednesday by NAR. Continue reading