More home sellers and home sales in May
The risk for this market is mortgage rates going higher. Even as the stock market has rebounded, the bond market has kept rates high.
Affordability
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Deadline looms in Minnesota property tax forfeiture lawsuit
As many as 15,000 people may qualify for payment if they lost a home, business or other property due to tax forfeiture between 2012 and 2023
NAR: Home prices are up in 83% of metros
According to the National Association of Realtors, 189 of 228 metro areas saw an uptick in the median price for a single-family home.
Home sales disappoint at the end of April
Weekly single-family home sales came in 8% below the same time last year, and condo sales came in 19% fewer.
Reba McEntire joins Realtor.com marketing campaign targeting struggling homebuyers
The campaign incorporates sitcom-style ads that draw on real experiences and attempt to ease the emotional toll of the homebuying process.
Easter-driven home sales dip masks recent growth
Last week’s pending home sales fell to 68,000 single-family contracts, a Easter lull that marks the first sub-2024 weekly tally in six weeks.
Baby boomers and millennials are playing a housing crisis blame game
Millennials and baby boomers are pointing fingers at each other over housing affordability issues, according to Clever Real Estate.
Closing costs for the typical home purchase now top $4,600
Closing costs ranged widely across the country, from as low as 0.46% of a home’s sale price in South Dakota to as high as 2.99% in Delaware.
The typical homeowner saw their property tax bill rise 2.7% last year
Attom said the average tax bill rose to $4,172, up 2.7% from 2023. That increase was smaller than the 4.1% hike seen the year before.
Primary suites, kitchens, roofing lead remodel impact report
Americans spent roughly $603 billion on home remodeling projects in 2024. The report ranked projects based on a post-completion “Joy Score.”