New homes are generally more expensive than previously owned homes. That’s not surprising. Anything brand new typically costs more than something used. But if you’re a prospective home buyer who’s
A new quarterly report from the National Association of Realtors found the median home price reached a new record high during the second quarter. By the end of June, it
A competitive housing market can be stressful for home buyers. When there are more buyers than homes for sale, available homes sell quickly and for more than their asking price.
Home prices have been increasing at an accelerated pace for years now. That’s great for homeowners but an obvious challenge for buyers, who could likely use some relief. Fortunately, they’re
The rate of new home construction is an important housing market indicator. It not only says something about the economy and buyer demand, it also tells you something about where
The number of homes for sale has recently showed signs of a rebound after hitting historic lows during the pandemic. The additional listings are obviously welcome news for prospective home
Fannie Mae’s monthly Home Purchase Sentiment Index surveys Americans and asks them for their perception of the housing market and economy. Survey respondents are asked whether they think now is
The housing market is in transition. Conditions are changing quickly and that can be scary for prospective home buyers. But while the market is definitely changing, not all change has
The low supply of homes for sale has been the housing market’s primary issue for years now. That’s why an unexpectedly positive report from the U.S. Census Bureau and the
New data from the National Association of REALTORS® shows sales of previously owned homes fell in May. Existing home sales were down 3.4 percent from the month before and 8.6