The Sun Belt is poised for the strongest residential real estate growth in the U.S., according to the 2024 Emerging Trends in Real Estate report, released jointly by PwC and the Urban Land Institute every year.

Tracy Kasper was named 2024 president of the National Association of Realtors® during the organization’s annual event in Anaheim, California. 

Across the map, there’s a dominant parking option among single-family homes: the two-car garage. Sixty-six percent of new single-family construction in 2022 included two-car garages.

New homebuyers must make an average annual salary of $115,000 to afford the average U.S. home, according to recent studies from Redfin. That’s about $40,000 more than the typical American household earns.

In the wake of the Sitzer/Burnett verdict, a new, similar lawsuit — this time on behalf of homebuyers — has been filed in the Northern District of Illinois, Eastern Division.

Existing-home sales slid in Miami-Dade, Broward and Palm Beach counties, while days on market and housing inventory were mixed.

Nykia Wright has been named interim CEO for the National Association of Realtors® (NAR), effective Nov. 20.

The National Association of REALTORS®, Keller Williams and HomeServices of America were found liable of conspiring to inflate commissions and ordered to pay damages totaling $1.78 billion, a jury in Missouri ruled Tuesday.

A new study analyzed mobile phone data in the downtown areas of over 60 of the largest metros in the U.S. and Canada to determine the amount of unique visitors in each city and compared that data to 2019 volumes. 

Chicago-based Fulton Grace Realty has acquired DreamWorks Real Estate Inc., a brokerage headquartered in Stuart, Florida, marking its first expansion into the state.

No matter what the jury decides, it could take years for the appeals process to work itself out, delaying any potential changes to agent commissions.

The Miami ZIP code of 33301 ranked among the top 10 in the country in terms of new apartment construction, according to RentCafe.

Two recent reports from the National Association of REALTORS® examine the challenges faced by today’s homebuyers from both the consumer’s and the Realtor’s perspective.

New home listings are still on the rise, despite mortgage rates hitting the highest level in more than 20 years. And those high mortgage rates are pushing monthly housing payments higher than they’ve ever been.

House hunting was traditionally a couples’ game until Millennials and Gen Zers came into the picture. Now, many young individuals are plunging into the market solo.

Redfin said it will require many of its agents to leave NAR and the association has “forced an all-or-nothing choice on us,” and it would therefore “choose nothing.”