The increase ends a six-month string of monthly declines, the National Association of REALTORS® said.

New-home inventory rose to 444,000 homes in May from 437,000 homes in April, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.  

Meanwhile, existing-home sales slid 3.4% from April to a seasonally adjusted annual rate of 5.41 million, according to the National Association of REALTORS®. 

Dallas-Fort Worth was third on the list with 1,116 iBuyer home sales in the first quarter, accounting for 5.1% of home sales in the market.

Nationwide, sales fell 8.5% annually and rose 5.8% monthly, as rising interest rates and home prices weighed on homebuyers’ purchasing power, RE/MAX said.

New-home completions rose during the month, however, with the increased inventory representing a rare bright spot in an otherwise gloomy government report. 

The Federal Reserve raised interest rates by .75% today: the sharpest increase since 1994. How will that affect real estate?

Two major real estate firms are cutting their workforces amid a cooling housing market. Compass and Redfin are laying off 10% and 8% of their current staffs, respectively.

Lumber prices, once emblematic of widespread supply-chain woes, are finally beginning to fall. How will this affect the housing market?

It is a fun reminder that location is everything, and every state has amazing ultra-luxury properties for the right price.

Your dream home is ready for excavation in Cleveland, Ohio. With large dinosaur statues playing out prehistoric scenes, this three-bedroom colonial is like no other home on the market.

A new Zillow survey revealed that 50% of Americans cry while buying a home, with Gen Z and millennial buyers far more likely to shed tears at least once during their home-buying journey.

Nationally, the index posted its highest annual increase ever.

Most of the single-family homes are in Texas, Georgia, Alabama and Oklahoma. 

Nevertheless, home prices are expected to continue rising through the end of the year, according to the National Association of REALTORS®. 

Buy with Orchard gives first-time buyers the power of a cash offer to appeal to sellers and make homeownership more attainable.