U.S. existing-home sales rose 0.8% in May, with gains in most regions. Inventory and prices increased, while higher mortgage rates kept activity subdued.
The federal government plays an essential role in immediate disaster relief and could do more to help residents recover and communities build resiliency, NAR said.
A bathroom remodel can enhance comfort and boost home value, but costs vary widely depending on size, scope, materials and labor.
Freestanding cabinets, hutches, and vintage pieces offer stylish, flexible storage at lower costs, as interest grows in “unfitted” kitchens and resale finds.
Modular, 3D-printed and prefab homes are growing in popularity as rebuilding options after disasters despite image and transportation hurdles.
The gap between new builds and existing homes has narrowed, presenting an opportunity for real estate agents and buyers to navigate a tough affordability environment.
Two new NAR Consumer Guides explain how home auctions work and what to know when hiring a real estate attorney.
Before you start house hunting, use tools and formulas to estimate how much house you can afford.
Housing starts fell 9.8% in May, driven by a sharp drop in multifamily construction, while single-family starts were mostly flat amid ongoing market pressures.
New home purchase mortgage applications fell 4.5% year-over-year in May, with estimated sales down 12.1% from April, the MBA said.
