AI has become one of real estate's fastest-adopted technology tools, embraced by brokerages and agents at a breakneck speed despite anxiety over safeguards.
Growing supply of multifamily housing suggests a 1.1% increase in rental stock to more than 49 million units by next fall, with the biggest increases in the South and West.
The University of Michigan’s consumer sentiment increased for the fourth straight month in November and is at its highest level since hitting 77.2 in April.
The average 30-year mortgage rate rose to 6.84% from 6.78% last week, the highest since July. Rates on 15-year fixed-rate mortgages increased to 6.02% from 5.99%.
Based on new data from the National Association of Realtors, existing-home sales rose in October 2024. Sales improved in all four major U.S. regions. Year-over-year, sales increased in three U.S. regions but were unchanged in the Northeast.
U.S. homebuyers are finding more leverage in negotiations nationwide as competition eased in October 2024. The company's market heat index shows that conditions are gradually shifting toward a buyer's market as activity slows heading into winter.
Based on new data from the Canadian Real Estate Association (CREA) shows a 7.7% month-over-month increase in home sales activity through Canadian MLS Systems in October 2024, marking the highest level since April 2022.