Seller Profit Margins Fall for Second Year in a Row

  ATTOM Data's Year End 2024 Home Sales Report found that home sellers made a $122,500 profit on typical sales in 2024, a return on investment of 53.8%. Although both numbers soared to near-record levels, the profit margin for median-priced home sales nationwide receded from 56.9% to 53.8%. This dec

U.S. Housing Starts End 2024 on High Note

  HUD reported that overall housing starts increased 15.8% in December to a seasonally adjusted annual rate of 1.50 million units. WASHINGTON—Fueled by solid demand, single-family construction increased in December despite several industry headwinds, including high mortgage rates, elevated financing

2025: A Year of Stabilization and Opportunities

  NAR forecasts mortgage rates to stabilize near 6% in 2025, likely establishing a new normal. Inventory will gradually grow. CHICAGO &mdash: The year ahead is poised to bring more opportunities for homebuyers as the housing market stabilizes. The Federal Reserve is expected to maintain a gradual ap

When to go above or below the asking price?

  If you go in with a lowball offer on the house, you could risk offending the sellers and having them write you off completely. In short, making an offer on a home is about striking the right balance. “Your ability to present a lower offer will depend greatly on current market conditions—meaning if