Location, location, location … at least that’s how the old real estate adage goes, right?

Lower mortgage rates are the one thing that could draw buyers back into the housing market, according to a new survey from Realtor.com. The magic number? Around 5%.

The median existing-home price for all housing types was $379,100, up 5.1% from $360,800 a year before.       

AgentEDU, which provides online real estate training courses, has partnered with The Greater Boston Association of Realtors (GBAR) to empower thousands of Boston-area agents with additional educational resources.

Builders in Houston were issued the highest number of single-family permits in the country in 2023, according to a report from the National Association of Homebuilders.

Single-family home sales prices increased in 189 out of 221 metro areas analyzed, with the median single-family price in the country rising 3.5% year over year to $391,700.

The KW Real Estate Agent Professional Certificate comprises 124 hours of real estate education, including videos, readings, assessments and hands-on projects. 

Pending home sales rose 8.3% month over month, the National Association of REALTORS® said, marking the largest monthly jump since 2020. 

Declining interest rates spurred the increase. 

At the same time, the median sales price rose 4.4% to $382,600. 

The NAHB/Wells Fargo Housing Market Index (HMI) rose seven points to 44, its second monthly increase in a row. 

NAR President-elect Kevin Sears will move into the role of president, effective immediately.

Immigrants working in U.S. construction hit 2.9 million.

How will our homes evolve in the new year?

Homesellers who worked with a real estate agent during the last two years made more profit and had fewer regrets.

The only region of the U.S. that didn’t experience an annual decline in existing home sales was the Midwest, where sales were unchanged year over year.