National News
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Pending home sales rose 8.3% month over month, the National Association of REALTORS® said, marking the largest monthly jump since 2020.
Declining interest rates spurred the increase.
At the same time, the median sales price rose 4.4% to $382,600.
The NAHB/Wells Fargo Housing Market Index (HMI) rose seven points to 44, its second monthly increase in a row.
NAR President-elect Kevin Sears will move into the role of president, effective immediately.
Immigrants working in U.S. construction hit 2.9 million.
How will our homes evolve in the new year?
Homesellers who worked with a real estate agent during the last two years made more profit and had fewer regrets.
The only region of the U.S. that didn’t experience an annual decline in existing home sales was the Midwest, where sales were unchanged year over year.
Tracy Kasper was named 2024 president of the National Association of Realtors® during the organization’s annual event in Anaheim, California.
Detached single-family homes remained the most popular type of housing, making up 79% of all home purchases during the past year.
Real estate firm leaders are worried about housing affordability and inventory in the next two years, according to the 2023 Profile of Real Estate Firms by the National Association of REALTORS®.
Today’s homebuyers are more likely to pay cash and be unmarried and childless than in previous years. They’re also entering their new homes with a much steeper income, according to NAR’s annual Profile of Home Buyers and Sellers report.
Mark Willis, who served as CEO of Keller Williams from 2005 to 2014, has stepped back into the role effective immediately.
RE/MAX Holdings has named a new CEO after nearly two years of searching: Erik Carlson, former CEO of the DISH Network Corporation. The firm’s last CEO, Adam Contos, stepped down in January 2022.