U.S. Housing Market Updates
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Report: Condo Prices Drop in Second Largest Decline on Record
Condo sales were down 11.9% year-over-year in May, the largest decline since June 2024. Continue Reading Report: Condo Prices Drop in Second Largest Decline on Record
Rocket Companies Completes Acquisition of Redfin
Redfin has adopted a new brand identity as “Redfin Powered by Rocket.” Continue Reading Rocket Companies Completes Acquisition of Redfin
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
New Home Sales Up in February
The median sales price of new houses sold in February 2025 was $414,500 while the average sales price was $487,100. Continue Reading New Home Sales Up in February
NAR Adds New MLS Policy for ‘Delayed Marketing Exempt Listings’
The National Association of Realtors (NAR) has unveiled “Multiple Listing Options for Sellers,” a new policy that is designed to exist in conjunction with its Clear Cooperation Policy. According to NAR, the policy introduces a new category of exempt listings called...
Case-Shiller, FHFA Point to Continued Home Price Increases
The FHFA House Price Index data found prices up 4.8% from January 2024 to January 2025. Continue Reading Case-Shiller, FHFA Point to Continued Home Price Increases
US home building surged in February
Source: CNN Business --- US home building jumped higher in February, turning around after five consecutive months of falling. Housing starts, a measure of new home construction, rose by 9.8% in February from January. But that’s still down 18.4% from a year ago,...
‘Will live with blue and green tiles’: Home buyers compromising to appease housing market
Source: USA Today --- Multiple bids on Day One might be a thing of the past, but high mortgage rates, limited inventory and eroding affordability are still forcing buyers to make most of the compromises. “They are looking for smaller homes compared to what they were...
US home prices post first annual decline since 2012
Source: Fox Business --- The U.S. housing market posted the first year-over-year decline in home prices since 2012 as a result of higher mortgage rates. That's according to a new report from real estate brokerage firm Redfin, which showed that the median U.S. home...
These are the 10 housing markets across the US where home sellers are sitting pretty
Source: USA Today --- The housing market might be in flux, but there still are pockets in the country where sellers are seeing their homes not just closing fast but also commanding higher prices than they did last year. In fact, while time spent on the market...
U.S. single-family housing starts, building permits rebound in February
Source: Reuters --- WASHINGTON, March 16 (Reuters) - U.S. single-family homebuilding and permits for future construction rebounded in February, offering hope that the housing market was probably stabilizing after being hammered by higher mortgage rates. Single-family...
How US banks turmoil is impacting the already hammered housing market
Source: New York Post --- Turmoil in the US banking sector is already having spillover effects on the nation’s struggling housing market, which has been hammered by surging mortgage rates over the past year, according to industry experts. The US economy was rattled...
Annual Home Prices Have Fallen in U.S. for the First Time in Over a Decade
The median U.S. home price fell 1.2% in February, marking the first year-over-year decline since 2012, according to a new report from Redfin, a technology-based real estate brokerage. Sellers have been forced to lower their expectations because high mortgage rates...
How Climate Change Could Sink the US Real Estate Market
Source: Sierra --- LIZ GREENE HADN'T ORIGINALLY intended to buy this house. She'd been looking at another one here in the River Haven subdivision, 20 miles northeast of Myrtle Beach, South Carolina. It had the same beige siding, the same slab foundation and...
What’s the current health of the US housing market?
Source: MPA Mag --- An analysis of 200 of the largest metro areas in the US shows the health of the housing market across the country amid a backdrop of intense competition and dwindling housing availability. Today’s Homeowner reached out to Mortgage Professional...
Real estate ‘sweet spot’ puts sellers in drivers seat
Source: Fox Business --- Experts say it's "nearly impossible" for sellers to time the real estate market just right. However, there is one week in particular that provides them with the most favorable conditions to list a home, according to a recent report....
