For more than 40 years, Betty White lived overlooking the ocean in a custom beach house in Carmel-by-the-Sea, California.For more than 40 years, Betty White lived overlooking the ocean in a custom beach house in Carmel-by-the-Sea, California.

One of the units closed in December for $2.825 million, or $889 per square foot, a record for the area.

The decrease comes as interest rates continue to climb, according to the Mortgage Bankers Association. 

Housing inventory should reach pre-pandemic levels by the end of 2024, according to the results of Zillow’s latest Home Price Expectations Survey. More than 100 market experts and economists weighed in to predict upcoming trends.

“Buyer demand is still intense, but it’s as simple as ‘one cannot buy what is not for sale.” — National Association of REALTORS® chief economist Lawrence Yun  

The 12-story building includes 228 residences, ranging from studios to two bedrooms, at a cost of $329,000 to $829,000. 

Affordability and supply-chain issues continued to weigh on the sales of new single-family residences.

What does the current generation of homebuyers and sellers look like? How old are they and how are they doing business? NAR has answers.

Ever wanted to cook in Monica’s kitchen? Hang out on the Central Perk couch with a cup of joe? This “Friends” home, furnished with colorful set replicas, has it all.

Houzz, the home remodeling and design platform, has released its annual U.S. State of the Industry report which reveals a four-year high in revenue growth.

The median existing-home price for all housing types in February was $357,300, up 15% from a year before, as median prices rose in each region.    

The nine-bedroom residence includes numerous high-end amenities, including elevator, pet room, theater, pool, dock and four-car garage.

“More groundbreaking is welcome news for a supply-starved housing market.” — First American deputy chief economist Odeta Kushi 

The measurement of six-month sales expectations among homebuilders took an especially negative turn in March, according to the National Association of Home Builders. 

The Federal Reserve announced today that it would increase the federal funds rate by 0.25%, its first increase in more than three years, with more hikes projected for the remainder of the year.

“Investors are weighing the impacts of rapidly increasing inflation in the U.S. and many other parts of the world against the potential for a slowdown in economic growth due to a renewed bout of supply-chain constraints.” — MBA associate vice president of economic and industry forecasting Joel Kan