More supply is helping ease the high demand seen during the height of the pandemic years, Realtor.com said.
Wood is seeing a resurgence due to its durability, sustainability and easier installation. Rising material and labor costs make it important to weigh choices for longevity.
Florida is home to three metros where prices rose the least due to increased home construction, providing more opportunities for buyers.
Real estate pros who overcome common fears like public speaking, networking and client ghosting can increase their business and see greater success.
Overall housing starts increased 15.8% in December to a seasonally adjusted annual rate of 1.50 million units, HUD said.
Pending home sales fell 4.5% in December, while canceled deals hit a record 16.2%. Existing home sales rose 0.7%, driven by earlier demand.
NAR forecasts mortgage rates to stabilize near 6% in 2025, likely establishing a new normal. Inventory will gradually grow.
Sentiments towards homeownership remain positive as Americans identify it as a life goal. Many think it’s important to build long-term wealth.
Themed showings and neighborhood-focused experiences help buyers connect emotionally and envision a future home.
The latest HMI survey revealed that 30% of builders cut home prices in January, with that share remaining stable between 30% and 33% since July.
