Multifamily construction, meanwhile, rose on a monthly basis. 

Homeowners and buyers will prioritize nostalgic, old-world design sensibilities juxtaposed with modern sustainability technologies next year, according to Zillow.

“Maybe the worst is coming to an end,” Yun said.

As the nation reacts to President-elect Donald Trump’s win, real estate agents are no doubt wondering what a second Trump term means for housing. Here’s a rundown.

At the same time, days on market increased, and housing starts declined.

Fifty-four percent of Americans would move into a haunted house, according to Clever Real Estate. Meanwhile, 95% say they’re more scared of home repairs.

The S&P CoreLogic Case-Shiller U.S. National Home Price Index hit a new record in August, marking the 15th month in a row of new highs. 

Sales slid 1% compared to August, the National Association of REALTORS® said. 

The average 30-year fixed mortgage rate climbed to 6.44%. 

Multifamily starts, meanwhile, declined, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development said.    

At the same time, the median-sales price declined from August, according to the RE/MAX National Housing Report. 

Katie Johnson, who serves as NAR’s chief legal officer and chief member experience officer, is stepping down.

Mortgage rates have been dropping in recent weeks in anticipation of the Fed’s move.

The expectation of a rate cut this week, and the potential for more later in the year, has already moved mortgage rates lower.

Rate introduced its Spanish-language mortgage process in 2022.

The subject of housing came up four times during Tuesday night’s presidential debate — all mentions were by Vice President Kamala Harris.