The brokerage’s new “communities” will provide its agents with specialized training, technology, coaching and referral opportunities. 

Homebuyers may catch a break this month as rates have come down nearly a point from the recent high on fears of a recession.

Sellers using Zillow may request and view an offer directly from Opendoor and compare it to an open-market sale with a real estate agent. 

The national rental vacancy rate dropped to 5.6% in the second quarter of the year while the homeowner vacancy rate remained at 0.8%.

The 30-year fixed-rate mortgage averaged 4.99% as of Aug. 4: down 0.8% from last week. The news marks the first time since April that mortgage rates have dipped below 5%.

Are your neighbors the worst? Whatever it is that grinds your gears, you can bet it comes in on this list of the top neighbor frustrations.

The platform, which recently announced its entry into markets across the country, is led in part by Josh Altman of Million Dollar Listing.

Home prices were up 18.3% on a year-over-year basis and 0.6% month over month. Looking ahead, CoreLogic expects year-over-year appreciation to slow to 4.3% by June 2023. 

“Contract signings to buy a home will keep tumbling down as long as mortgage rates keep climbing, as has happened this year to date.” — National Association of Realtors chief economist Lawrence Yun  

Matching June’s historic move, the Federal Reserve announced that interest rates are rising .75%. The target range for the federal funds rate now sits between 2.25% and 2.5%.

At the same time, the inventory of new homes for sale rose 10.7%, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.

The pace of new multifamily construction, however, jumped, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.  

At the same time, the median existing-home price rose 13.4% year over year to $416,000. 

Nationwide, sales hit their highest level of the year, rising 4.7% from June but falling 17.6% on a year-over-year basis, RE/MAX said. 

July saw the NAHB/Wells Fargo Housing Market Index post its second-largest monthly drop ever, as worries about housing affordability dampened builder sentiment. 

Talk about a detached home. Floating out in the United Kingdom’s Humber Estuary is Bull Sands Fort: a military sanctuary designed during the first World War.