More sellers are entering the market, with active sales listings hitting the highest level since March 2020.
Redfin still characterizes the current market as a buyer’s market, but no longer a ‘strengthening’ buyer’s market.
More than three-fourths of the top 50 metro areas recorded annual declines in rents, according to Realtor.com.
The proposed merger would create the nation’s seventh-largest homebuilder.
Sales rebounded to a 0.2 percent increase in April from a 3.6 percent decline in March, but showed little ‘spring’ during the peak homebuying season.
The report shows that nearly 80 percent of new homes for sale are located in suburban areas, compared with more than 55 percent of existing homes.
Housing costs have come down over the past year amid a decline in mortgage rates, attracting buyers to the market.
Realtor.com attributes rising demand for such homes to higher housing and child care costs, cultural traditions, and more adapted housing stock.
The longer a homeowner remains in the house and the faster the home values rise, the wider the property tax gaps grow, according to a new study.
Mortgage debt has been on an upward trend over the past few years, WalletHub said.
Building permits for privately owned housing units dropped by 10.8 percent from February.
The policy made new home construction ineligible for USDA or FHA-backed mortgages unless it complied with ‘burdensome’ energy conservation standards.
The national housing price index rose 0.7 percent year over year in February.
D.R. Horton expects its incentive levels to remain elevated and increase further.
The 30-year fixed mortgage rate has dipped to 6.23 percent, according to Freddie Mac.
Still, the spring U.S. housing market remains ‘unseasonably slow.’
Most young people cited good pay and the opportunity to gain useful skills as the main reasons for choosing this career.
In some markets, homeownership makes more sense than renting as costs are similar, while in expensive coastal areas, many potential buyers must rent.
Redfin said the city’s booming tech sector and tight inventory helped make it the nation’s most expensive major metro.
The number of properties with a foreclosure filing was up by 26 percent year over year.