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 $133 million.  All in all, six of last month’s most expensive home sales were in coastal Florida, and two were in Beverly Hills, CA. A pair of luxury Manhattan condos, both on Billionaires’ Row, round out the top 10.  Half of April’s highest-priced home sales clocked in at more than $50 million, and all fetched $40 million or more. Waterfront Florida is typically home to the lion’s share of ultra-expensive home sales despite increasing risk of climate-driven disasters, such as hurricanes. The ultra-wealthy buyers of these homes typically have enough money in the bank to …

Buyer’s agents earned an average of 2.4% in commission in the first quarter. That’s up slightly from when the new NAR rules took effect in August, but down slightly from a year earlier. Broken down by price, the average buyer’s agent commission for $1 million-plus homes was 2.17%—down from 2.22% the quarter the new rules took effect. For homes that sold for under $500,000, it increased to 2.49% from 2.42%. Buyer’s agent commissions haven’t changed much since new real estate commission rules went into effect in the U.S. on August 17. The average buyer’s agent commission was 2.40% for homes sold in the first quarter. That’s up slightly from 2.37% in the fourth quarter of 2024 and 2.36% in the third quarter of 2024—when the new National Association of Realtors (NAR) commissions rules went into effect. But it’s down slightly from 2.43% in the first quarter of 2024, when the …

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 elevated mortgage rates pushed this week’s median monthly housing payment to $2,860, just $6 shy of the record high set the week before. Two, Redfin agents in many parts of the country, including Oregon, North Carolina, Texas and Ohio, report that some buyers are backing off because they’re nervous about the future of the U.S. economy. There’s also a holiday effect; Easter fell into this year’s four-week period, but not the comparable period in 2024.  “There’s a lot of doubt and hesitation among house hunters,” said Meme Loggins, a Redfin Premier agent in Portland, OR. …

As the Class of 2025 flips their tassels and steps into the next chapter, many may be wondering: When can I afford a home of my own? According to a new study from the Mortgage Research Center, the answer — for most — is about nine years. That’s the average time it would take a college graduate earning today’s entry-level salary to save for a 10% down payment on a typical starter home. It’s longer than many expect, but it’s not a dead end. In fact, this timeline offers a clear, data-backed roadmap for turning the dream of homeownership into a real, achievable goal. Time to make a move? Let us find the right mortgage for you A degree still opens doors — just a bit later According to the Mortgage Research Center’s study, new graduates with a bachelor’s degree — earning an average starting salary of $64,598 — could afford a home …

According to the latest Yardi Matrix Multifamily Report, multifamily rents posted gains in April, 2025 with the average U.S. advertised rent increasing $5 to $1,736. Year-over-year rent growth dropped to 0.9%.  However, Yardi says economic uncertainty threatens the market: “While multifamily market fundamentals are healthy, the economic uncertainty caused by tariffs could challenge the market. Weaker economic growth could offset the supply slowdown by reducing multifamily demand, which could delay rent growth recovery. Household formations could decline as more people begin doubling up.” Click here to read the full report at Yardi.   The post Yardi Says Fundamentals Healthy appeared first on Real Estate Investing Today.

According to recent research from the NAHB’s Eye on Housing, a record-high 6.8 million households shared their housing with unrelated housemates, roommates or boarders in 2023.  Interestingly, they point out that the number of households sharing housing with nonrelatives had been rising steadily since the 2008 housing crash until the COVID-19 pandemic interrupted the upward trend. While college-age and young adults make up the largest subset of house sharers (close to 41%), this type of living arrangement is gaining popularity among older householders fastest, with the 55+ segment accounting for 30% of all house-sharing households in 2023. Click here to read the full report at the NAHB’s Eye on Housing.   The post House Sharing Households Sees Record High appeared first on Real Estate Investing Today.

If passed, you may get up to $25,000 to buy a new home First-time home buyers may be eligible to receive a $25,000 grant to purchase a new home through the Downpayment Toward Equity Act. The Act, also known as the $25,000 First-Time Buyer Home Grant, stems from the Biden-era first-time home buyer initiative to help Americans enter the housing market. Find your lowest interest rate. Start here This cash grant program was introduced in 2021, and has not yet passed. In this article, we’ll cover a simple overview of the program, including information on first-time home buyer eligibility, the proposed process for claiming the grant, and when the program is expected to be available. In this article (Skip to…) What is the Downpayment Towards Equity Act? The Downpayment Toward Equity Act is an innovative legislative proposal aimed at helping first-time, first-generation homebuyers achieve their dreams of homeownership. It proposes …

Taylor recognized among the marketers who drive success and impact across the real estate industry IRVINE, Calif. – May 13, 2025 – ATTOM, a leading curator of land, property data, and real estate analytics, is pleased to announce that for a third year in a row, Kara Taylor, CMO for ATTOM, has been named a recipient of the Inman 2025 Marketing All-Stars Award, recognizing the professionals who foster marketing and advertising excellence and connection within the real estate community. Inman’s 2025 Marketing All-Stars Award celebrates 99 of the most creative and boundary-pushing marketers.  Taylor is featured in the 2025 class for her unique ability to blend data, creativity, and strategic insight to propel industry innovation and elevate ATTOM’s position as a leader in property data solutions.  This is the third year Inman is celebrating the individuals who have made a lasting impact on the industry through innovative campaigns, brand leadership, and marketing that …

The median asking rent was $1,625, down $80 from the record high, as elevated apartment supply pushed rents lower. Asking rents fell fastest in Austin, down 10% year over year and $400 below the record high. The median U.S. asking rent fell 1% year over year to $1,625 in April, marking the biggest decline since February 2024. That’s $80 below the August 2022 record high of $1,705. On a month-over-month basis, the median U.S. asking rent rose 1.2% in April—typical for this time of year. “Asking rents are sluggish because there are more apartments for rent than people who want to rent them,” said Redfin Senior Economist Sheharyar Bokhari. “Renter demand is strong, but growth in apartment supply is even stronger because multifamily construction surged in the wake of the pandemic moving frenzy. Permits to build apartments have started to taper off, though, so asking rents could rebound in the …

The U.S. government is reporting that total construction spending in March, 2025 was at a seasonally adjusted annual rate of $2,196.1 billion, down 0.5% from February’s revised number.  However, March’s estimate is 2.8% higher than one year ago.  Residential construction came in at a seasonally adjusted annual rate of $937.7 billion in March, which is 0.4% lower than February’s revised estimate. Click here to read the full report at the U.S. Census Bureau.   The post U.S. Construction Spending Up 2.8% Year over Year appeared first on Real Estate Investing Today.