At the same time, existing-home sales rose in Naples but fell in the Miami area.

Looking ahead, Cotality expects the median price of a home to rise 0.9% through September 2027. 

Both firms are joint ventures of Rate and Compass. 

In Miami, home prices surged 4.24% year over year and 0.17% month over month in August.    

The brokerages said the new platform, Open Real Estate, will boost market transparency as it comes under threat from private listings. 

The new champ is 94027 in Atherton, California, also known as the “billionaire capital of Silicon Valley.”

The 10-month program prepares Realtors active in the association for future leadership roles. 

Economists were expecting a monthly decline in the annual sales rate. 

The increased borrowing costs helped drive down mortgage applications in the week ended Oct. 2, the Mortgage Bankers Association said. 

Membership perks include free or discounted admission to events, access to Zoom masterminds classes, access to the Real YP referral network and internal leadership opportunities.

News of the merger initially surprised the real estate industry this June, when it was announced that Bed Bath & Beyond would acquire Fathom in an all-stock deal valued at over $53 million.

The Census Bureau also measures household income after accounting for taxes and credits.

In a study of 182 U.S. cities, Wallethub credited the density and diversity of Miami’s restaurant scene. 

According to the survey, 67% of respondents said they are using emerging technologies such as AI but are still learning how to use them effectively.

The acquisition adds almost 2,000 agents to the HomeSmart network, bringing it to over 27,000 agents nationwide.  

Longer-term interest rates, such as mortgages, have largely priced in this latest increase and are not expected to have much of a reaction to the news.