The 20.5% increase was unexpected and reversed a trend of lower new-home sales thus far in 2025
Redfin and Realtor.com's latest market reports show gaining momentum for homebuyers. However, the national market is far from being a solid buyers' market
Sales of new single-family homes dropped 8.2% year over year to a seasonally adjusted annual rate of 652K, which still beat analysts' expectations of a rate of about 630K units
Existing-home sales increased 2% MOM and 0.8% YOY in July, according to the trade group. Active inventory rose to its highest level since May 2020, tipping the scales toward market balance
Driving the revised forecast are expectations for slightly cooler economic growth and hotter inflation, which could mean mortgage rates come down a little more slowly
The slight monthly boost comes as builders continue to battle economic headwinds and cooled buyer demand. Housing starts and completions are not on track to meet national inventory needs
Luxury prices in the region have continued to rise, as have sales in select hot markets, while the market at large is simultaneously seeing a contraction in prices
Despite ample inventory and more affordable prices, seasonally adjusted new residential sales dropped 6.6% annually. Experts attributed the drop primarily to mortgage rates
Housing trade groups — including NAR, MBA and NAHB — like tax breaks for homebuyers and businesses, and urge lawmakers to put the bill on Trump's desk
While home purchases by investors rose 2% annually in the first quarter — to 46,726 transactions — condo sales declined by 3%, to just 8,509 units, according to data released Wednesday by Redfin
Existing-home sales continued to fall in April, down 0.5% from March to a seasonally adjusted rate of 4M last month, according to data released Thursday by the National Association of Realtors
68.4% of condos sold below their asking price — the highest share in 5 years. That's a jump from 63.3% last year, signaling a cooling condo market, according to a Redfin report
Luxury home sales have taken off since Donald Trump's re-election, and Palm Beach, Florida, home to his Mar-a-Lago resort, is at the center of the boom, Mansion Global reported Thursday
As wildfires rage across California, destroying over 9K homes and displacing thousands of residents, ADUs emerge as a critical housing solution
Wondering what this year will hold for the real estate market? Luxury real estate expert Beau Blankenship shares predictions for real estate investors and the luxury landscape in 2025