National News
The pace of home-price appreciation declined to its slowest pace in two years, according to the S&P Cotality Case-Shiller U.S. National Home Price Index.
The upside surprise came despite monthly and yearly declines in the pace of sales.
Nationally, home sales rose 0.6% year over year but slid 0.7% month over month, RE/MAX said.
The association said the housing market is making a definitive swing back in the direction of the buyer thanks to wage growth, slowing home-price gains and rising inventory.
The single-family sector managed to eke out a slight monthly gain, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
The NAHB/Wells Fargo Housing Market Index slid a point to 32, reflecting ongoing negative sentiment in the homebuilding industry.
The gain in the average buyer’s agent commission is the third quarterly increase since the National Association of REALTORS® changed its commission rules last August.
NAR’s report — which surveyed nearly 5,000 Realtor members — also found that the typical agent took on 10 transactions in 2024, the same as a year prior.
As the spring homebuying season ended, U.S. home price growth softened significantly, opening the door to improved affordability.
Home-purchase activity remained elevated from 2024, but a cloudy economic outlook has deterred some would-be homebuyers.
After years of fast-paced home sales, tight inventory and relentless price growth, the U.S. housing market may finally be entering a new chapter.
The law helps delinquent VA borrowers and allows them to pay buyer-agent commissions when house shopping.
Geographically, the only region to post a monthly increase in pending sales was the Northeast, where they rose 2.1%, according to NAR’s Pending Home Sales Index.
Nationally, the pace of home-price appreciation declined to its slowest pace in almost two years, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index.
A new report from U-Haul identified the most common states of origin for do-it-yourself movers who relocated to Miami.
The inventory of new homes for sale surged year over year, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.