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Housing Market

Here Are the Most Expensive Home Sales of April

Most of April’s most expensive home sales were in beachfront Florida, with a pair of Beverly Hills estates and two luxury Manhattan condos rounding out the top 10. A trio of neighboring properties in Naples, FL, made up three of April’s most expensive home sales, including the most expensive: a beachfront estate that went for […]
Weekly Market Update

Economic Jitters, High Costs Stifle Spring Home Sales

New listings are still rising, allowing some buyers to get deals. Pending U.S. home sales fell 3.4% year over year during the four weeks ending May 11 to their lowest level on record for this time of year aside from 2020. Would-be homebuyers are backing off for two main reasons. One, rising home-sale prices and […]
Affordability

The Homes Americans are Buying are Older Than Ever

The typical home bought in the U.S. hit a record age of 36 years in 2024—up from 27 years in 2012.  Buyers pay less for older homes (over 30 years old) than for newer homes (under five years old), but the gap is shrinking.  The typical home bought in Buffalo, NY in 2024 was 69 […]

Demand For Vacation Homes Drops to Lowest Level Since at Least 2018

Americans are purchasing one-third as many vacation homes as they were during the pandemic buying boom. High prices and mortgage rates, along with the return of in-office work, have made the prospect of owning a second home less appealing than it once was.   U.S. homebuyers took out 86,604 mortgages for second homes in 2024, the […]
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