Signed contracts declined despite lower interest rates and improved affordability and inventory, the National Association of REALTORS® said.   

This former Masonic lodge in Little Falls, New York, was once a meeting place for a local chapter of the Freemasons.

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. 

“Listen well. Follow up. Show up. Keep learning.” Carolyn Block Ellert, Senior Vice President for Sales, Penn Florida Realty, Boca Raton

MIAMI REALTORS® attributed the declines to higher mortgage rates and a lack of inventory in key price points

The moderately priced community offers four floor plans priced from $348,900. 

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. 

This home has been carefully constructed out of retrofitted steel shipping containers using alternative construction methods.

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. 

With an average price of $40 million, the project’s 37 “mansions in the sky” are currently the most expensive new-build residences on the market in Miami-Dade, according to backers. 

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 downtown Miami condominium tower will eventually top out at 70 stories. 

The NAHB/Wells Fargo Housing Market Index slid a point to 32, reflecting ongoing negative sentiment in the homebuilding industry. 

The firm, founded by identical twins Jasmine Dorev and Jessica Miranda-Lantigua, was previously affiliated with The Island. 

The community is part of the Preserves at Park Trace master-planned community in Stuart.