Residential Real Estate News
Top Residential Real Estate News
Active U.S. Residential Listings Spike 22 Percent in December
According to Realtor.com, the number of homes actively for sale in the U.S. grew by 22% in December 2024 compared to the previous year, marking the 14th consecutive month of growth. However, seasonal trends caused inventory levels to drop to their lowest point since June 2024.
U.S. Mortgage Rates Rise in Early 2025, Reach 6-Month High
Based on Freddie Mac's first Primary Mortgage Market Survey (PMMS) of 2025, the 30-year fixed-rate mortgage (FRM) averaged 6.91 percent as of January 2, 2025.
Greater Palm Beach Area Condo, Home Sales Collapse in November
According to the Miami Association of Realtors, single-family home sales in Palm Beach County declined by 8% year-over-year in November 2024, dropping from 914 to 841 transactions.
U.S. Pending Home Sales Increase Four Straight Months in November
According to the National Association of Realtors, U.S. pending home sales gained 2.2% in November 2024 - the fourth consecutive month of increases and the highest level since February 2023.
