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Housing Market News

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The Suburbs of St. Louis Are the Most Affordable Place in the U.S. to Buy a Home

The Midwest and South are home to a majority of the country’s most affordable cities.  A typical household in Bellefontaine Neighbors, MO, a St. Louis suburb, would need to spend just 16% of their income on housing every month—the lowest share in the nation and less than half the national average. Ferguson, MO (17.6%), Detroit, […]

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The Average Buyer’s Agent Commission has Risen Slightly Since New NAR Rules Went Into Effect

The average U.S. buyer’s agent commission rose to 2.42% in the third quarter from 2.36% a year earlier. Commissions were virtually flat from the previous quarter. Commissions were largely flat across different price tiers from the previous quarter, with the average buyer’s commission for homes under $500,000 maintaining the highest level since 2023. The average

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Investor Activity Is Muted, With Home Purchases Up 1% and Market Share Holding Steady

U.S. investor activity was sluggish in the third quarter, with investor home purchases up 1% from a year earlier and market share rising marginally.  Investor purchases are fairly flat because it’s harder to make a profit as a flipper or a landlord than it used to be; the share of investor-owned homes selling at a

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Starter-Home Sales Climb 5%, But Prices Stay in Check as Inventory Hits 9-Year High

Starter-home sales rose 4.9% year over year, increasing for the 14th consecutive month. In comparison, sales of mid-priced homes inched up 0.7%, and high-priced home sales rose 0.8%. Starter home sale prices rose 2% year over year to a median $260,000 in October. Active listings of starter homes rose 13% year over year, pushing inventory

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