The S&P CoreLogic Case-Shiller U.S. National Home Price Index rose 3.8% year over year in January, compared to a 5.6% annual gain in December.

The supply of new homes for sale ticked lower from February, according to government figures.

The annual rate of 4.58 million sales was up 14.5% from January but down 22.6% from the February 2022 rate of 5.92 million. 

Nationally, the week of April 16-22 is likely to provide sellers with the most favorable conditions for a successful sale of any week of the year, although the exact timing varies widely by market. 

The vast majority of Realtors — 92% — suggest that sellers improve the “curb appeal” of a home before listing. But how exactly should they go about that?

A shortage of existing-home inventory is driving more people to the market for newly built homes. 

Once complete, Round Top Springs will be home to 16 single-family custom builds with prices starting from $2.9 million.

Representatives from the National Association of REALTORS®’ “Riding with the Brand” tour will accompany Texas REALTORS® to the Texas Capitol in Austin on March 22.

Homebuilders expressed “cautious optimism” that the lack of existing inventory would drive demand for new homes despite high construction costs and interest rates, the National Association of Home Builders reported.    

“Latinos are more mortgage ready. Latinos have made strides in income and are more educated in the homebuying process,” said Nidia Fromenta Peguero of Century 21 North East in Danvers, Massachusetts. “They don’t want to rent anymore.”

The most-expensive sale of the month was listed by Walter Bering of Martha Turner Sotheby’s International Realty.

California-based Fairfield Residential purchased the former Houston Area Women’s Center (HAWC) at 1010 Waugh with intentions to construct a high-rise, multifamily apartment building in its place.

The Mortgage Bankers Association noted the increase in borrowing activity came despite the 30-year fixed mortgage rate climbing to its highest level since November 2022. 

Douglas Elliman’s top agent by gross commission income (GCI), volume and transactions was Renay Cohen, a top-producer in Houston and The Woodlands.

Vice President of Association Affairs Jennifer Wauhob brings over a decade of experience to her new role with NAR.

As rising mortgage rates cool the market, the share of U.S. homes worth at least $1 million has fallen from an all-time high last year.