Current 2024 C.A.R. President Melanie Barker said, “The housing market had a tough year in 2023 as a shortage of homes for sale and high costs of borrowing continues its negative impact on housing inventory and demand. With mortgage rates expected to come down in the next 12 months, hom...
Using information from theU.S. News Housing Market Index, we’ve compiled the data you need for a better understanding of the current state of the market. Here’s what you should know about how the Austin housing market has changed in the last year and looking ahead into 2024. READ: Whe...
A host of factors like government support, RBI intervention, vaccination coverage, low-interest rates, home ownership, improvement in the job market, etc contributed to this rise in the residential segment. “2024 will very likely emerge as the new peak year that breaches 2019 levels, with suppl...
When Leo Pareja was sworn in as CEO of eXp Realty in early April 2024, just three weeks had passed since NAR had reached an agreement with plaintiffs on broker commissions. By late July, with new practices scheduled to go into effect on Aug. 17, Pareja and his teama new...
[NEW YORK/SANTA CLARA, Calif.]April 25, 2024 — The Wall Street Journal and Realtor.com® today released theWSJ/Realtor.com® Spring 2024 Housing Market Ranking, which revealedRockford, Ill., as the No. 1 ranked market in America. ...
The November Economics Insider deep dives into the impact of high mortgage rates and home prices on the housing market. While some near-term respite is likely, long-term hurdles will remain. Akrur Barua India As the Federal Reserve tries to engineer a “soft landing”1for the US economy, ...
The real drivers of the housing market aren't always apparent, and information is often hidden from the public. Gain a more concise view of today's residential real estate trends, news and statistics.
However, investment in the real estate sector remained sluggish, which fell 6.2 percent in April, deeper than a 5.8 percent drop seen in March. An NBS spokesperson said Tuesday that the overall real estate market is in a period of adjustment, and continued efforts are needed to stabilize the...
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“The upper-end market is experiencing a sizable gain due to more supply coming onto the market,” said Lawrence Yun, NAR’s chief economist, in a release. He added that “home prices reaching a record high for the month of April is very good news for homeowners.” ...