Existing-Home Sales Report Shows 0.2% Increase in April

Month-Over-Month 0.2% increase in existing-home sales—seasonally adjusted annual rate of 4.02 million in April 5.8% increase in unsold inventory—1.47 million units equal to 4.4 months’ supply Year-Over-Year No change in existing-home sales 0.9% increase in median existing-home sales price to $417,70

The Second-Home Tax Is Spreading—Is Your Vacation Property Next?

New York Gov. Kathy Hochul announced a handshake budget deal this week that includes a controversial pied-à-terre tax on second homes in New York City. The move reflects an increasingly popular tactic for lawmakers facing affordability crises that are squeezing constituents while blowing holes in st

Real Estate Market Update: Key Economic Insights and Actionable Takeaways

Federal Reserve and Market Reactions: Key Insight: The Federal Reserve is keeping policy “on hold,” delaying rate cuts until inflation shows more consistent signs of cooling, despite stable labor conditions and strong consumer spending. What This Means for Realtors: Rates may remain elevated in the

New-Home Sales Dip in July as Homebuilders Struggle To Entice Reluctant Buyers

Photo by Justin Sullivan/Getty Images Sales of newly built homes dropped in July, as price cuts and homebuilder incentives failed to lure buyers struggling with affordability. Signed contracts for new single-family homes were at a seasonally adjusted annual rate of 652,000 last month, down 8.2% from