Existing-home sales slipped 0.2% in August from July, as prices rose 2% to a median sales price of $422,600. The median time on the market was 31 days nationwide.
Agents should provide appraisers with surveys, upgrades and market insights while verifying credentials and being present during the visit.
Fannie Mae projects mortgage rates to fall to 6.4% by late 2025 and 5.9% in 2026, with rising home sales and mortgage originations over the same period.
A SmartRent survey found 92% of renters say cutting utility costs matters. Last year, 63% saw bills rise; less than half say property managers communicate or care.
Sales of newly built single-family homes jumped 20.5% higher in August across the U.S. and 3.3% in the South. The median new home sale price in the U.S. was $413,500.
Chief Economist O’Connor: New pending sales for both existing single-family homes and for condos-townhouses rose YoY, likely due to falling mortgage rates last month.
Experts say RE myths, like needing a 20% down payment or assuming renting beats buying, aren’t true and are leaving potential buyers confused.
The all-stock transaction brings together about 340,000 agents globally in every major U.S. city and serving about 120 countries and territories.
Real estate agents can leverage AI to enhance listings, personalize marketing, save time and stay visible as buyers increasingly rely on AI tools.
Avoid deal delays by ordering reports early, verifying ownership, checking liens and coordinating with title professionals from listing to closing.
