Trends

While homebuying season may feel calmer, Zillow says expect competition

According to a new analysis from Zillow, there will still be competition for affordably-priced houses this homebuying season.

Multigenerational homebuying nears all-time high

Multigenerational homes are defined by NAR as homes where families live under the same roof with grandparents, adult children or other extended family members.

Decreasing mortgage rates mean buyers and sellers are returning to the market

Homebuyers can now afford $400,000 homes with $2,500 monthly budgets for the first time in four months, according to a new report from Redfin.

Homeownership still a top priority among consumers, survey finds

Current real estate market conditions have not discouraged buyers from their plans of homeownership, according to a new survey from RE/MAX.

Arizona tops all states in percentage of home listings with a price reduction

A report from Realtor.com shows that many areas that experienced substantial growth during the pandemic are now posting some of the country’s steepest price reductions.

Redfin report shows record-high new construction inventory

A report from Redfin shows that 29% of single-family homes for sale in the U.S. were new constructions in the third quarter of 2022.

Investors made up nearly a quarter of all single-family home sales in 2022

Data from the PEW Trust shows that investment companies make up approximately a quarter of the entire single-family home market across the U.S.

New-home sales resume downward trajectory in September 

Mortgage rates continued to weigh on homebuyers in September, following a brief uptick in new-home sales in August.  

MBA: Mortgage applications fall as 30-year fixed hits 21-year high

At the same time, mortgage applications declined 1.7% on a seasonally adjusted basis on a week-over-week basis, according to the Mortgage Bankers Association. 

NAR: Existing-home sales fall for eighth month in a row in September 

Month over month in September, existing-home sales slid 1.5% to 4.71 million, which is 23.8% lower than the year before. 

Housing starts miss expectations in September 

New home construction missed analyst estimates in September, falling 8.1% month over month to an annual rate 1,439,000 homes, according to government statistics. 

More than half of Americans would buy a haunted house in 2022

Approximately 58% of homebuyers say they’d be willing to purchase a haunted house — and nearly 25% think they already have.

NAR: 2022 Member Safety Report for residential real estate

While 23% of residential Realtors claim they have feared for their safety while on the job, 98% reported that they have never been the victim of a crime while at work.

New-home sales post unexpected rebound in August 

Sales of new homes in the U.S. jumped 28.8% between July and August, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.  

NAR: Existing-home sales fell in August while prices rose 

The median existing-home price for all housing types in August was $389,500, a 7.7% rise from the year before. 

NAR: Charitable giving by REALTOR® associations increased 20% in 2021

The NAR’s Community Aid and Real Estate (CARE) Report shows that REALTOR® associations donated a median of $12,070 this past year, a 20% increase over 2020.

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