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

October’s increase comes as inflation slows and mortgage rates decline. 

The developer, the Steinbridge Group, has committed to helping historically Black colleges and universities and other community institutions develop underutilized real estate.

The Metroplex lagged only New York and Chicago, which saw 9,381 and 7,719 properties change hands, respectively.

The homebuilder will build larger, more open floor plans on a variety of lot sizes in high-growth communities. 

The median sales price also declined, sliding 0.3% year over year, from $404,300 to $403,040, according to the university’s Monthly MSA Spotlight. 

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More sellers are putting their homes on the market as mortgage rates fall significantly for the first time in two years.

The Katy Hospital was built in Parsons, Kansas, in 1916. Now, two buildings from the historic institution are for sale, as is, for $50,000 each.

At the same time, days on market rose, while existing-home sales slid, according to this month’s Housing Scorecard.

Firehouse No. 7 in St. Louis may look like, well, a firehouse. But inside, there’s over 7,000 square feet of luxurious living space.

The amount a homebuyer needs to earn to afford a median priced starter home is down 0.4% from last year, marking the first annual decline since August 2020.

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

Belle Meadows comprises 33 single-family homes priced from the low $400,000s. 

The latest reading of the National Association of REALTORS® Pending Home Sales Index shows a return to month-over-month growth after a decline in July.    

Prices were up 0.6% month over month and 2.3% year over year, according to First American Data & Analytics’ monthly Home Price Index report.