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Q1 Single-family Home Prices Up in 92.3% of Metro Areas In Q1 2024, national median home prices rose 5.0% year over year to $389,400, with 28.5% of metro areas seeing double-digit price increases. By: Michael Hyman Powered by WPeMatico
Mortgage Rates Push Housing Affordability Down in March In March 2024, housing affordability fell, with monthly mortgage payments increasing by 2.8% and the median price of single-family homes rising 2.4%. By: Michael Hyman Powered by WPeMatico
‘I Wouldn’t Have This in My Kitchen’ Here are kitchen design don’ts to avoid, according to an interior designer. Design & Architecture, Kitchen & Bath Powered by WPeMatico
From NAR: Ahead of our upcoming REALTORS® Legislative Meetings in Washington, D.C., we wanted to share key details of the required practice changes under our Settlement Agreement. These practice changes result in revisions to the MLS policy handbook which are summarized below. The revised policies will go into effect on August 17, 2024. A more… Continue Reading NAR Update on MLS Updates
Instant Reaction: Jobs, May 3, 2024 News of some cooling in the labor market could mean the topping-out of mortgage rates this week before more sustained declines through 2024. By: Lawrence Yun Powered by WPeMatico
Instant Reaction: Mortgage Rates, May 2, 2024 At 7.22%, the 30-year mortgage interest rate has hit its highest point since November 2023; rates are unlikely to move down soon. By: Jessica Lautz Mortgages & Home Financing Powered by WPeMatico
REALTORS® Continue Giving Back Despite Market Headwinds Despite market challenges like low inventory, higher mortgage rates, and low annual sales, REALTORS® remain committed to helping their communities. By: Matt Christopherson Outreach Powered by WPeMatico
Real Estate's Impact on State Economies by the Numbers The housing sector is a significant contributor to gross domestic product (GDP) through construction, home sales, and renovations.Powered by WPeMatico
https://www.sccourts.org/opinions/HTMLFiles/SC/28201.pdf SC Sup Ct reverses SC Ct of Appeals on arbitration. The National Association of REALTORS® is America’s largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries. The term REALTOR® is a registered collective membership mark that identifies a real estate professional who… Continue Reading SC Supreme Ct Reverses SC Ct of Appeals
Pending Sales in March 2024 Up 3.4% from February In March 2024, pending home sales rose 3.4% from last month and increased modestly (0.1%) from a year ago. By: Michael Hyman Powered by WPeMatico