Trends

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Wet rooms: The evolution of the bathroom

A growing number of renovating homeowners now classify their primary bathroom as a “wet room,” according to the 2024 Houzz Bathroom Trends Study.

Counselors of Real Estate names most pressing issues facing the industry, including politics and AI

Sustainability and housing affordability are on the top 10 list.

Case-Shiller: Home prices hit all-time high again in August, but rate of increase slowed 

The S&P CoreLogic Case-Shiller U.S. National Home Price Index hit a new record in August, marking the 15th month in a row of new highs. 

New-home sales post surprise gain in September 

The median price of a new home sold during the month was also up, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

NAR: Existing-home sales dip again in September 

Sales slid 1% compared to August, the National Association of REALTORS® said. 

What does it cost to live comfortably in Phoenix, Mesa or Tucson?

A household would need a salary of $108,919 per year to be comfortable in the Phoenix, a new study determined.

Single-family housing starts increase for the second month in a row 

Multifamily starts, meanwhile, declined, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development said.    

Builder confidence rises again

October’s increase comes as inflation slows and mortgage rates decline. 

RE/MAX: Pace of home sales slides in September as summer-selling season ends  

At the same time, the median-sales price declined from August, according to the RE/MAX National Housing Report. 

Buying a starter home is more affordable; first annual drop since 2020

The amount a homebuyer needs to earn to afford a median priced starter home is down 0.4% from last year, marking the first annual decline since August 2020.

New study ranks Realtor as the most desirable job in the U.S.

Realtor was the most desirable job in 49 of the 50 states, the study found.

Pending home sales snap back in August 

The latest reading of the National Association of REALTORS® Pending Home Sales Index shows a return to month-over-month growth after a decline in July.    

Homebuying just became more affordable for first time since 2020

Homebuying has just become more affordable for the first time since 2020, according to a new Redfin report.

New-home sales dip in August but beat expectations 

The 716,000 per-year rate of new-home sales topped the consensus estimate of 700,000. 

NAR: Home sales dip in August  

The 2.5% decline followed a 1.3% increase in July, according to the National Association of REALTORS®. 

Fall brings lower mortgage rates, more inventory to market

At a time of year when the real estate market typically experiences seasonal declines, this fall is bringing just the opposite.

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