The National Association of REALTORS® Pending Home Sales Index rose for the third month in a row, suggesting the housing market’s contraction could be “coming to an end.” 

In Dallas, home prices rose 5% year over year and dipped 0.9% month over month.

NAR’s annual Home Buyers and Sellers Generational Trends Report reveals that millennials are losing their market share — fast — while baby boomers and Gen Z make new gains.

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. 

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 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. 

Top-performers from Houston, Dallas and Austin were recognized for their work throughout 2022 at the ceremony on March 8.

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

Zillow’s most recent Consumer Home Trends Report shows that 59% of all renters have a pet: a post-pandemic spike.

In January, home prices were up 5.5% annually and down 0.2% monthly, CoreLogic reported, citing its monthly Home Price Insights report.