Real Estate

High rates and low inventories are limiting home-flipping potential; this could hamper both large-scale corporate participants and smaller mom-and-pop operations.

While the investor buyer share has remained near pandemic-era highs, net buying—the gap between their buying and selling of homes—was lower than during the peak.

Since mortgage rates hit nearly 8% last October, Redfin has found that homebuyers on a $3,000 monthly budget have gained significant purchase power since that time.

According to a new RE/MAX survey, Americans are looking to negotiate what they want in their homes in order to achieve homeownership, but how many amenities are they willing to sacrifice?

The Joint Center for Housing Studies at Harvard University has released a new report on the state of the American Rental market. Click through to find the six key data points highlighted by the report.

An upcoming Senate Banking Committee hearing will discuss with a panel of experts the growth of artificial intelligence and how its usage in the housing marketplace will be regulated as AI continues to evolve at a rapid pace.

"The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices," said Lawrence Yun, NAR Chief Economist.

The median rent of studios was still $206 (or 16.7%) higher than before the pandemic, which represents a significant jump that is only slightly smaller than that seen in larger units.

"There are many reasons to be encouraged about housing in 2024," said Nick Bailey, RE/MAX President and CEO. "The high mortgage rates and inventory lows of 2023 definitely made for a challenging market, but December data shows some positive signs for the new year."

As mortgage rates dropped toward levels last reported in May 2023, the MBA reported a rise in purchase application activity, led by both Conventional and FHA purchase apps.