The inventory of new homes for sale surged year over year, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.    

The 3-story building currently serves as a law office, but it’s also a stop on Boston’s Freedom Trail.

At the same time, the pace of existing-home sales declined from May’s level. 

Nationally, home sales rose 5.7% year over year and 1.3% month over month, RE/MAX said. 

Surprise was the top city in Arizona and the No. 4 city in the U.S., with Wallethub naming the Phoenix suburb the top real estate market in the country.

New single-family home construction declined as builders continue to grapple with macroeconomic headwinds. 

“Following the tragic floods in Texas, we at the National Association of REALTORS® and the Realtors Relief Foundation are heartbroken at the lives lost and the communities devastated,” said RRF President Greg Hrabcak.

Across the United States, foreign buyers purchased $56 billion worth of residential real estate during the 12 months ended in March. That was a 33% increase over the same time period a year prior.

Purchase applications slowed to their lowest level since May as economic worries dampened activity, the Mortgage Bankers Association said. 

Zillow has rolled out five new features this summer to make searching for homes easier and more efficient.

According to a recent report by GoBankingRates, Paradise Valley ranked among the nation’s top suburbs based on median household income, home values and other economic indicators.

The National Association of REALTORS® debuted its Market Statistics Dashboard for members, which provides local housing data intended to help clients buy and sell homes.  

A $25 million estate in Scottsdale was the most expensive home sold in Arizona last month.

The FICO alternative is expected to greatly expand the number of eligible borrowers by allowing rent and utility payments to count toward a credit score. 

The finance site ranked Scottsdale No. 2 in the country, citing both high quality of life and job availability. The city’s score was also boosted by its weather and outdoor recreation options.

Purchase applications hit their highest level since February 2023.