The percentage of families with their own children under age 18 in the household declined from 54% in 1974 to 39% in 2024, the U.S. Census Bureau found.
New apartments are being completed at the fastest pace on record and that’s leading to rents falling in some parts of Florida.
Agents can leverage AI for home listing descriptions that highlight the home's best features, as well as help with virtual staging, design and landscaping.
Despite Fed rate cuts, mortgage rates rose on economic confidence even with weaker job gains and temporary factors that affected the market.
NAR’s Board of Directors approved the association’s operating, advocacy and consumer ad campaign budgets for 2025, among other actions.
NAR’s chief economist said there’s a rebound on the horizon for commercial brokers and agents. Commercial assets will recover as the economy improves.
A typical homeowner has accumulated $147,000 in housing wealth over the last five years. Prices remain on solid ground, NAR’s chief economist said.
Consumer sentiment hits its highest since April. Long-term business conditions have reached their highest optimistic point in almost four years.
Despite higher home prices, the share of consumers who think it’s a good to time to buy increased to 20%. Those who think it’s a good time to sell declined to 64%.
Demand for apartments remains strong, but high construction costs, financing challenges, land shortages and regulations will slow development in the coming months.
