Redfin said daily average mortgage rates should be declining on less aggressive national economic policies. The average home is selling in 52 days.
Scammers have impersonated over 400 mortgage institutions nationwide, stealing hundreds of thousands of dollars from unwitting homeowners.
AI is transforming real estate with tools like virtual assistants, 3D staging, CRM automation and social media insights to boost efficiency and sales.
More supply is helping ease the high demand seen during the height of the pandemic years, Realtor.com said.
Wood is seeing a resurgence due to its durability, sustainability and easier installation. Rising material and labor costs make it important to weigh choices for longevity.
Florida is home to three metros where prices rose the least due to increased home construction, providing more opportunities for buyers.
Overall housing starts increased 15.8% in December to a seasonally adjusted annual rate of 1.50 million units, HUD said.
Pending home sales fell 4.5% in December, while canceled deals hit a record 16.2%. Existing home sales rose 0.7%, driven by earlier demand.
NAR forecasts mortgage rates to stabilize near 6% in 2025, likely establishing a new normal. Inventory will gradually grow.
Sentiments towards homeownership remain positive as Americans identify it as a life goal. Many think it’s important to build long-term wealth.
