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The pace of new single-family home sales, meanwhile, fell 6.1% from September to 598,000.
In the wake of this new rule, FHA borrowers will have a choice between federal flood insurance and private flood insurance.
The brand will specialize in cottage-style homes with private backyards.
The median existing-home price rose for the 128th month in a row, extending its record-breaking streak of increases.
From January through October of this year, the Fisher Island ZIP code had a median home sale price of $5.2 million, fourth-highest in the nation.
The number of homes under construction rose during the month, as homebuilders continued to work through a large backlog of homes.
The largest single-week decline in conventional mortgage rates since July brought the first increase in home-loan applications since September, the Mortgage Bankers Association said.
Baird & Warner has opened a new branch in Naples, Florida. Although the Chicago-based brokerage has conducted some business in Wisconsin and Indiana, the move represents its first office outside of Illinois.
The appointment was one of many leadership announcements the National Association of REALTORS® made at its annual convention in Orlando, Florida.
Downsizing from a four-bedroom home to a two-bedroom home in South Florida would save the typical homeowner more than $322,000.
The company will let go of 862 employees and eliminate the roles of another 218 people, Redfin CEO Glenn Kelman said.
The new chief executive previously served as CEO of the Women’s Council of Realtors®.
Homebuyer demand is starting to stabilize as October home sales posted the largest decline since 2015, according to a new report.
The 44th edition of the in-depth forecast report examined 80 cities to determine trends in the real estate industry for 2023.
The Grammy-winning rapper’s new home is 8,897 square feet, featuring seven bedrooms and 8.5 bathrooms on gated Allison Island.
Looking ahead, CoreLogic expects national year-over-year appreciation to slow to 3.9% by September 2023.