“Motivated by fast-rising rents and the anticipated increase in mortgage rates, consumers that are on strong financial footing are signing contracts to purchase a home sooner rather than later.” — NAR chief economist Lawrence Yun

While the housing market may be hotter than usual, the shift toward seasonal norms is starting to show and could benefit both buyers and renters. 

The demand for housing in the U.S. has reached a new all-time high since 2017, a rare occurrence for this time of year when the market typically slows. According to a Redfin report, a recovering economy and all-time low mortgage rates are critical factors in the current market. 

The seasonally adjusted estimate of new houses for sale at the end of September was 389,000, representing a supply of 6.3 months at the current sales rate, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.

As the economy recovers from COVID and the housing market gains traction, homeownership is top of mind for Americans, according to the latest survey from Coldwell Banker Real Estate LLC.

The National Association of Realtors (NAR) has partnered with Panorama Travel Solutions to offer exclusive travel deals and discounts through the NAR Travel Club.

The DeMarco Real Estate Group, RE/MAX 5 Star Realty and Hollywood, Fla., Mayor Josh Levy joined forces on Nov. 21 to hand out over 200 complete Thanksgiving meal kits to members of the local community.

Miami-Dade County broke its record for the most annual home sales in only 10 months as October transactions surged year-over-year, according to a report by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS).

As dramatic rent prices impact states across the nation, renters are searching for more affordable places to call home. Nationally, the median rent price is up over 16% since January, with some cities seeing double that, according to a recent Apartment List report.

The new REALTORS® Confidence Index survey is here, and thousands of Realtors have weighed in to reveal the current shape of the housing market.

A new elevated waterfront estate on Miami Beach’s Rivo Alto Island is up for grabs for $25 million. Danny Hertzberg of The Jills Zeder Group is representing developer Francisco Perez Yoma, founder of Empresas FPY, one of the largest construction and real estate groups in Chile, according to a press release. 

Demand for second homes was up 70% from pre-pandemic levels in October, according to a new report from Redfin. This outpaced August’s 48% gain but was below January’s record 91% growth.

The U.S. housing market kept firing on all cylinders, as the demand for residential real estate drove prices higher for the 116th month in a row, marking the longest streak on record.

With the rise of remote work and a younger generation of digital nomads spending time away from home, small spaces that offer flexible living are making a comeback. As travel restrictions ease, buyers are looking for homes that provide ownership on their terms, with the ability to home-share or rent out their unit to pay the bills while jet-setting.

As of Sept. 30, the National Association of Realtors (NAR) had collected $229.6 in dues from its 1.542 million members, according to a RealTrends report.

It’s been a crazy year for real estate with bidding wars, record home prices and historically low inventory, but that may all come to an end in 2022.