Economist Lawrence Yun predicts that home sales will rise by 15% next year, and by spring, mortgage rates will hover in the 6% to 7% range.

Florida Realtors economist: Understanding the financial impact of current mortgage rates can help Realtors relate to their clients’ all-important number: their monthly payment.

These investors often rely on data- and technology-driven tools to find neighborhoods where buying in bulk is likely to pay off, then typically make cash offers.

NAHB’s index for builder confidence fell six points to 34, the lowest level since Dec. 2022. But some data indicates improving conditions ahead.

CoreLogic: Nine out of 10 residential properties are still selling for a profit in 3Q 2023, despite the recent downturn in the housing market.

NAR Chief Economist Yun: Except for office space, commercial property rates are expected to stabilize, though higher interest rates are impacting commercial loans.

NAR attorneys: Real estate professionals should maintain clear communication with clients about the services they provide and how they get paid.

Last week, it was 7.5%. It’s the third weekly drop in a row, good news for buyers facing persistently high prices and a near-historic low number of for-sale homes.