Trends

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Don’t paint your house these colors if you’re trying to sell

There’s a reason many homeowners opt for neutral shades when trying to sell their house — certain flashy colors may be off-putting to buyers.

Opendoor: A portrait of first-time homebuyers in 2023

Many buyers entered the housing market for the first time in 2023. But who were these first-timers, and what did their homebuying experience look like?

Today’s buyers prioritize price over location

Location, location, location … at least that’s how the old real estate adage goes, right?

NAR: Existing-home sales rise 3.1% in January 

The median existing-home price for all housing types was $379,100, up 5.1% from $360,800 a year before.       

Can buying a home lead to love? A new Zillow survey says yes

Home might really be where the heart is. According to a new Zillow survey, 42% of recent homebuyers reported finding love after buying their new home.

NAR: Home prices rise across the country in the fourth quarter of 2023

Single-family home sales prices increased in 189 out of 221 metro areas analyzed, with the median single-family price in the country rising 3.5% year over year to $391,700.

Luxury home prices hit all-time high; record number cash sales recorded

Redfin points to surge in prices, new luxury listings and a boost in sales as affluent homebuyers and sellers show increased activity.

December pending home sales surge past expectations 

Pending home sales rose 8.3% month over month, the National Association of REALTORS® said, marking the largest monthly jump since 2020. 

December new-home sales jump 8%

Declining interest rates spurred the increase. 

Houzz says these kitchen trends will take off in 2024

Notably, renovators are less likely than they were a year ago to undergo kitchen modifications for the purpose of improving the home’s resale value.

NAR: Existing-home sales slid 1% in December but are expected to rise 

At the same time, the median sales price rose 4.4% to $382,600. 

Builder confidence jumps in January on falling mortgage rates 

The NAHB/Wells Fargo Housing Market Index (HMI) rose seven points to 44, its second monthly increase in a row. 

Is homeownership on the horizon for American millennials this year?

Nearly all millennials — 93% — say a volatile market is to blame for wrecking homebuying plans, with another 76% saying they expect the market to get worse before they’re able to make a purchase themselves.

CoreLogic: Chicago home prices rose 6.5% in November 

CoreLogic expects prices to continue to grow through the year.

Houzz predicts that these interior design trends will take over in 2024

How will our homes evolve in the new year?

Existing home sales fall 14.6% annually

The only region of the U.S. that didn’t experience an annual decline in existing home sales was the Midwest, where sales were unchanged year over year.

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