In 2024, investors drove 11 percent of all U.S. home sales — the highest share in more than two decades. That translates to nearly 509,000 properties sold, according to data released Tuesday by Realtor.com. Continue reading
Even with more inventory entering the market, homebuyers are struggling with elevated mortgage rates, NAR Chief Economist Lawrence Yun said, leading to fewer signed contracts. Continue reading
Existing-home sales continued to fall in April, down 0.5 percent from March to a seasonally adjusted rate of 4 million last month, according to data released Thursday by the National Association of Realtors. Continue reading
Economic anxiety and rising mortgage rates curbed hopes of a robust spring, but economists tell Inman a strong new-home market offers a sliver of hope that the coming months will be better. Continue reading
According to data released Wednesday by the National Association of Realtors (NAR), contract signings jumped 6.1 percent in March. That represents the biggest monthly gain since December 2023, when pending sales rose 7 percent. In contrast, February on… Continue reading
Existing-home sales decreased by 5.9 percent from February and by 2.4 percent from March 2024 as homebuyers continued to deal with affordability challenges, said NAR Chief Economist Lawrence Yun. Continue reading
The surge in sales was a welcome positive sign during a tenuous period for the U.S. economy. However, high prices and high mortgage rates continue to curb homebuyers, new HUD data shows. Continue reading
A new report suggests agent recruiting remains intense in real estate and that churn from company to company comes with significant costs to brokerages. Continue reading
The Pending Home Sales Index (PHSI) rose by 2.0 percent to 72.0 in February, according to new data released Thursday by NAR. But contract signings fell 3.6 percent compared to last year. Continue reading
The Pending Home Sales Index (PHSI) rose by 2.0 percent to 72.0 in February, according to new data released Thursday by NAR. But contract signings fell 3.6 percent compared to last year. Continue reading