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.
Florida Realtors Chief Economist: Fla.’s single-family inventory is at a 5.3-months’ supply, suggesting it has moved out of a seller’s market into relative balance.
Brokers can equip agents with insights and direction to guide customers and help sellers make informed decisions in the coming months.
Rents have declined for over a year, but low multifamily permitting may drive future increases in high-demand markets, Realtor.com said.
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.
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.
Faux stone is making a comeback as the quality improves. The average project cost is under $12K with a 153% ROI.
Hispanic homeownership rose 5.8 percentage points (3.5M owners) from 2013-2023, the largest increase among racial groups, NAR also said.
Real estate pros can grow their network with online giveaways, client events, referral gifts and face-to-face connections.
Builders continue to face elevated building material costs and other supply side challenges, NAHB said. However, they are seeing regulatory relief.
