The median home price rose 3.8% to $398,400. Southern sales climbed 4.4% in February but dropped 4% year-over-year, according to NAR.
Rents have declined for over a year, but low multifamily permitting may drive future increases in high-demand markets, Realtor.com said.
Faux stone is making a comeback as the quality improves. The average project cost is under $12K with a 153% ROI.
Home stagers and designers are advising a softer color palette in 2025 to make a home more sellable. Timeless neutrals are the way to go.
Single-family home starts rose 11.4% in February, driven by low existing inventory, but builders face high costs and labor shortages, the NAHB reported.
Hispanic homeownership rose 5.8 percentage points (3.5M owners) from 2013-2023, the largest increase among racial groups, NAR also said.
AI is influencing SEO so real estate pros should adapt their content strategies to focus on understanding and addressing what users seek.
Builders continue to face elevated building material costs and other supply side challenges, NAHB said. However, they are seeing regulatory relief.
Real estate pros can grow their network with online giveaways, client events, referral gifts and face-to-face connections.
This year will see IoT, digital twins and AI reshape real estate. These technologies will improve home design, predict trends and create smarter, more efficient homes.
