NAR in the News

Total housing inventory registered at the end of October was 1.15 million units, up 1.8% from September but down 5.7% from one year ago (1.22 million).

Sales of newly constructed homes are up 5% as compared to a year ago. Despite facing the same high-interest rates, homebuilders have been able to generate inventory and elevate supply.

The Federal Housing Finance Agency and FHA recently announced the increases to how much buyers can borrow for loans backed by the federal government.

Suzanne has a passion for developing high-performing teams, leveraging the power of diversity and inclusion, innovation and collaboration to achieve measurable results.

The rollercoaster housing market of the past two years is a big reason for the increase in real estate agent use.

Existing-home sales are down 4% from September 2023, and almost 15% from a year earlier. Prices, meanwhile, keep climbing.

Americans with home-buying dreams in the near future are keeping a close eye on interest rates, hoping for good news in 2024.

Anyone shopping for a home right now has to contend with high prices, high interest rates, and tight inventory.

Thanks to higher home prices and middling inventory, new owners tend to be older, earn more, and are likelier to be single or childless than in the past.

The average homebuyer's income jumped to $107,000 in 2023 from $88,000 a year earlier.