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%.
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.
Demand for apartments remains strong, but high construction costs, financing challenges, land shortages and regulations will slow development in the coming months.
NAR released a new guide for first time buyers and a video series for Realtors related to the practice changes for the proposed settlement.
High financing costs, geopolitics and AI innovations are among the most pressing topics facing real estate in the year ahead, the Counselors of Real Estate said.
Despite a drop in international property purchases in 2024, Florida remains appealing, with strong demand and opportunities for buyers.
Sellers have been turning to auctions when conventional sales methods don’t work, but some are seeing lower-than-expected sale prices or no sale at all.
Updated forms include the Commission Agreement and Vacant Land Listing Agreement to incorporate changes resulting from the NAR settlement.
Redfin: Rentership rates are lower in metros where it’s more affordable to buy a home. Cape Coral has the lowest share of renter households among metros analyzed.
