Mortgage rates will continue to average above 6% next year and home prices will continue to rise, Realtor.com®’s economic research team predicts in its new 2025 housing forecast. The report predicts that mortgage rates will average 6.3% through 2025 and end the year at 6.2%. This is a lower rate than the 6.7% average expected … Read more
Black Friday is here—and with it, a slew of impressive deals and steals, even in the real estate market. One of the best things about Thanksgiving (besides the great food!) is the incredible shopping opportunities, and this year even homes in some of the most desirable cities in the US are seeing their prices slashed. … Read more
Sales of new single-family homes in the US fell to their lowest level in nearly two years in October, likely as rising mortgage rates put buyers on the sidelines and hurricanes disrupted activity. Sales of new homes fell 17.3% to a seasonally adjusted annual rate of 610,000 units last month, the lowest level since December … Read more
Here’s some good news for renters: Rents are still trending in the right direction—and have fallen for the 15th month in a row. The average asking rent in the 50 largest metros registered at $1,720, down $23 from last month and $40 from its peak in August 2022, notes Realtor.com economist Jiayi Xu in the … Read more
Hidden depths. A family of four discovered a hidden door inside their “dream home” during renovations. Frida, who goes by @fridasofialind, revealed how she found an entrance blocked behind a paneled wall. In a 38-second clip posted in October. 31, the homeowners remove the wall, panel by panel, revealing the layers beneath until they notice … Read more