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The U.S. median existing-home sales price advanced 4.8% from January 2024 to $396,900, the 19th consecutive month of year-over-year price increases, NAR said.
For most reporting companies, the new compliance deadline is March 21, 2025. Extensions apply for some storm-affected businesses.
Fed officials want more progress on managing inflation before further rate cuts. The pause means borrowing costs, including on mortgages, will remain stagnant.
NAR's "Preparing for Homeownership" guide helps buyers explore home choices, down payment options, available resources and much more.
When a condo resident cuts down a common area tree without permission, the association could fine the resident or seek replacement costs.
Florida Realtors Chief Economist: “A new year usually brings with it a revival in the rate of homes being listed for sale; it certainly was the case this January.”
NAHB: In 4Q 2024, a family earning the nation’s median income of $97,800 needed 38% of its income to cover the mortgage payment on a median-priced new home.
The state had an 8% increase in million-dollar earners from 2021 to 2022, reaching 77,670, according to the IRS. But nationwide, that number dropped by 2%.
A week earlier, the state’s insurer of last resort had 942,810 policies. Citizens’ policies are expected to decrease soon due to more depopulation efforts.
