After a lackluster spring and summer, some analysts say October may be the best time to buy a home in 2024. Realtor.com’s Best Time to Buy Report, its sixth annual analysis of the national marketplace, puts the week of September 29 to October 5 as the premier time to invest in a home this year….
Institutional investors are cooling on the housing market, putting cash purchases on the back burner where they used to dominate. The share of investors buying homes with cash fell to 64% in Q1 2024, Realtor.com found, its lowest point since 2008 and down from 69.7% in Q4 202. The reason? Mom-and-pop investors are increasing their…
Realtor.com is expanding its ad campaign championing homebuyer representation to focus in on underrepresented and marginalized groups. The campaign, launched in April, seeks to empower buyers’ agents in the wake of the National Association of Realtors (NAR) settlement, which undoes NAR’s typical commission structure and puts buyers in the driver’s seat when it comes to…
Dave Mele, long-time president of Homes.com and a driver of its acquisition by CoStar Group, is leaving the company and the real estate industry altogether. Mele broke the news to Real Estate News, saying he plans to pursue “an opportunity outside of the real estate industry.” No comment has been made on who will take…
The South has lost its sparkle for American movers in the post-pandemic world, but that could change as the region doubles down on producing affordable inventory. More than half of all available inventory in April 2024 was concentrated in Southern states, according to an analysis by Realtor.com. They also boasted the most new listings at…
Markets in the Northeast and Midwest once again dominated the list of hottest markets for the year. In a ranking produced by the Wall Street Journal and Realtor.com, Rockford, Illinois took first place for 2024. The ranking considered affordability, cost of living, and the city’s overall attractiveness. Rockford has homes under $250,000 within commuting distance…
Mortgage rates were basically stagnant last week, staying put in the upper-6% range yet again. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.82%, up just slightly from the week prior’s 6.79%. A year ago at this time, the 30-year FRM averaged 6.28%. The 15-year fixed rate also fell from 6.11%…
As sellers are forced to adjust to the housing market’s new normal, more affordable inventory is cropping up. The share of available homes in the $200,000 to $350,000 price range saw the biggest growth of any price category in February, up 20.6% YOY, Realtor.com reported. Though inventory remains tight, money-minded buyers may see an uptick…
First-time buyers are clinging to the dream of homeownership despite ongoing market challenges, creating opportunities for relatively affordable markets to explode in 2024. That’s according to Realtor.com’s 2024 Top Housing Markets forecast, which identifies ten metros primed for increased home sales and listing prices in the new year. The top markets, listed in order from…
Mortgage rates slipped for a fifth consecutive week, spurring a boost in purchase activity. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 7.22%, down from the week prior’s 7.29%. A year ago at this time, the 30-year FRM averaged 6.49%. The 15-year fixed rate fell to 6.56%% from 6.67%. A year…
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