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NAR released a summary of pending home sales data showing that April’s pending home sales fell 7.7% from last month and decreased 7.4% from a year ago. " data-src="https://cdn.nar.realtor/sites/default/files/styles/inline_paragraph_image/public/economists-outlook-pending-home-sales-april-2023-to-april-2024-bar-graph-05-31-2024-1300w-693h.png?itok=najhmS5S" class="b-lazy" width="1200" height="640" alt="Bar graph: Pending Home Sales, April 2023 to April 2024" title="Bar graph: Pending Home Sales, April 2023 to April 2024"> Pending sales, which are homes with a signed contract to purchase but yet to close, serve as a leading indicator for existing-home sales data, typically preceding it by 1 to 2 months. All four regions showed declines from a year ago. The Midwest region had the biggest decrease of 8.7%, followed by the South with a decline of 8.2%. The West fell 7.3%, followed by the Northeast with a reduction in sales of 3.1%. " data-src="https://cdn.nar.realtor/sites/default/files/styles/inline_paragraph_image/public/economists-outlook-april-us-and-regional-pending-sales-2024-and-2023-bar-graph-05-31-2024-1300w-724h.png?itok=22RzN5-G" class="b-lazy" width="1200" height="668" alt="Bar graph: April U.S. and Regional Pending Sales, 2024 and 2023" title="Bar graph: April U.S. and Regional Pending Sales, 2024 and 2023"> From last month, all four regions showed declines in contract signings. The Midwest had the biggest dip of 9.5%, followed by the West with a decrease of 8.5%. The South fell 7.6%, and the Northeast had a drop in contracts of 3.5%. The U.S. pending home sales index level for April was 72.3. March's pending sales figures were revised to 78.3. April's contract signings bring the pending index below the 100-level mark for the 25th consecutive month. The 100 level is based on a 2001 benchmark and is consistent with existing-home sales above the 5 million mark. " data-src="https://cdn.nar.realtor/sites/default/files/styles/inline_paragraph_image/public/economists-outlook-us-and-regional-pending-home-sales-index-january-2019-to-april-2024-line-graph-05-31-2024-1300w-799h.png?itok=UhAr_yf1" class="b-lazy" width="1200" height="738" alt="Line graph: U.S. and Regional Pending Home Sales Index, January 2019 to April 2024" title="Line graph: U.S. and Regional Pending Home Sales Index, January 2019 to April 2024">

Facts: The 30-year fixed mortgage rate from Freddie Mac rose to 7.03% over the last week from 6.94%. At 7.03%, with 20% down, a mortgage payment on the median-priced existing home of $407,600 is $2,176. The typical first-time buyer had a downpayment of 8% last year—with this downpayment, the monthly payment was $2,502. Positive: It can be hard to find the upside in this week's housing data. Mortgage rates are up, applications are down, and pending home sales are down. But there is always an opportunity when there is less demand. First-time buyers can participate in a slightly less competitive market if they can afford it. High-equity buyers are still dominating the market. Negative: Higher mortgage rates have impacted the ability of buyers to purchase and created a lock-in effect that has gridlocked the housing market. Sellers who move now are likely in two camps: they either have to move, or they have a lot of housing equity to offset these rates.

Key Highlights Pending home sales decreased 7.7% in April. Contract signings retreated in all regions compared to the previous month and one year ago. The Midwest and West experienced the largest monthly declines. " data-src="https://www.nar.realtor/sites/default/files/styles/inline_paragraph_image/public/downloadable/2024-04-pending-home-sales-housing-snapshot-infographic-05-30-2024-1000w-1500h.png?itok=Z5ssr7ao" class="b-lazy" width="1000" height="1501" alt="Pending Home Sales Snapshot Infographic, April 2024" title="Pending Home Sales Snapshot Infographic, April 2024"> See and share this infographic. WASHINGTON (May 30, 2024) – Pending home sales in April fell 7.7%, according to the National Association of REALTORS®. All four U.S. regions registered month-over-month and year-over-year decreases. The Pending Home Sales Index (PHSI)* – a forward-looking indicator of home sales based on contract signings – decreased to 72.3 in April. Year over year, pending transactions were down 7.4%. An index of 100 is equal to the level of contract activity in 2001. "The impact of escalating interest rates throughout April dampened home buying, even with more inventory in the market," said NAR Chief Economist Lawrence Yun. "But the Federal Reserve's anticipated rate cut later this year should lead to better conditions, with improved affordability and more supply." Pending Home Sales Regional Breakdown The Northeast PHSI fell 3.5% from last month to 62.9, a decline of 3.1% from April 2023. The Midwest index dropped 9.5% to 70.7 in April, down 8.7% from one year ago. The South PHSI lowered 7.6% to 88.6 in April, dropping 8.2% from the prior year. The West index decreased 8.5% in April to 55.9, down 7.3% from April 2023. "Home prices are hitting record highs, but the pace of gains should decelerate with more supply," said Yun. "However, the prospect of measurable home price declines appears minimal. The few markets experiencing price declines will be viewed as second-chance opportunities for buyers to enter the market if those regions continue to add jobs." About the National Association of REALTORS® The National Association of REALTORS® is America's largest trade association, representing 1.5 million members involved in all aspects of the residential and commercial real estate industries. The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics. # # # *The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing. Pending contracts are good early indicators of upcoming sales closings. However, the amount of time between pending contracts and completed sales is not identical for all home sales. Variations in the length of the process from pending contract to closed sale can be caused by issues such as buyer difficulties with obtaining mortgage financing, home inspection problems, or appraisal issues. The index is based on a sample that covers about 40% of multiple listing service data each month. In developing the model for the index, it was demonstrated that the level of monthly sales-contract activity parallels the level of closed existing-home sales in the following two months. An index of 100 is equal to the average level of contract activity during 2001, which was the first year to be examined. By coincidence, the volume of existing-home sales in 2001 fell within the range of 5.0 to 5.5 million, which is considered normal for the current U.S. population. NOTE: Existing-Home Sales for May will be released June 21. The next Pending Home Sales Index will be released June 27. All release times are 10 a.m. Eastern. View the NAR Statistical News Release Schedule.

Facts: The 30-year fixed mortgage rate from Freddie Mac averaged 6.94% over the last week. At this rate, with 20% down, a mortgage payment on the median-priced $433,500 new home is $2,293, and $407,600 on an existing home is $2,156. Positive: Mortgage rates eased and are now below 7%. This helps buyer affordability; even at higher rates, first-time buyers rose last month. Sellers still have a favorable market with an average of 3.2 offers and 27% of homes selling above list price. Negative: Rates and housing affordability are the killjoys of the spring market. New and existing home sales are both down. Is this a housing market only for the wealthy? 28% of buyers last month paid with cash and did not care about mortgage rates, and the largest annual growth in existing-home sales was over $1 million.

In March 2024, the National Association of REALTORS® conducted a survey to determine the state of the housing market regarding sustainability. The study's results suggest that the industry is right at the beginning of a "green revolution." Green Data Fields: Illuminating Sustainable Features Four in ten respondents have stated that their Multiple Listing Service (MLS) now includes green data fields, which indicates a change in residential property presentation to be more open about sustainable features awareness – this is minded towards eco homes. These fields act as signposts that lead buyers to earth-friendly houses, thus ensuring the promotion of healthy living. Education Empowers: Embracing Sustainable Practices A quarter of people in homes with sustainable features had undergone significant or some kind of training. This shows that there is an increasing understanding among those in the property industry of energy-efficient appliances, renewable energy systems, and environmentally friendly building materials. Being knowledgeable will help real estate agents promote green living and meet the changing needs of clients who care about the earth. " data-src="https://cdn.nar.realtor/sites/default/files/styles/inline_paragraph_image/public/sustainability_052324_1.png?itok=DtY_pP49" class="b-lazy" width="746" height="607" alt="Previous Training"> Energy Efficiency: A Valuable Asset More than half of the people surveyed said they see the importance of including energy-efficient information in property descriptions, which shows that having such characteristics is key to appealing to buyers and marketing buildings. As demand for sustainable living increases, agents who advocate for energy efficiency become change agents. Client Interest: A Shift Towards Sustainability Nearly half of the respondents noted that their clients expressed some level of interest in sustainability. This reflects a broader societal shift towards eco-conscious living and underscores the importance of aligning with client priorities. By catering to the growing demand for eco-friendly homes, REALTORS® are not just facilitating transactions but also driving positive environmental change. " data-src="https://cdn.nar.realtor/sites/default/files/styles/inline_paragraph_image/public/sustainability_052324_2.png?itok=waoTkJxS" class="b-lazy" width="686" height="534" alt="Perception of Consumer Interest in Sustainability"> Green Certifications: Dispelling Myths Contrary to common misconceptions, over 40% of homes with green certifications spent neither more nor less time on the market. This dispels the notion that eco-friendly certifications hinder property marketability and highlights the growing acceptance of green-certified homes among buyers. Client Priorities: Comfort Meets Consciousness Client priorities in home features include windows, doors, siding, and comfortable living spaces, alongside sustainability considerations. This dual focus on comfort and eco-consciousness highlights the importance of holistic design approaches that prioritize both environmental responsibility and quality of life. High-Performance Homes: Investing in the Future Thirteen percent of respondents reported that high-performance homes command a premium of 1% to 5% in dollar value compared to similar homes. This underscores the financial incentives associated with investing in homes that prioritize indoor comfort, health, and operational efficiency. Direct Involvement: Driving Change A significant majority of respondents had direct involvement with properties featuring green features in the past year. This hands-on engagement reflects the industry's proactive approach to integrating sustainability into residential real estate transactions. Conclusion: A Green Horizon Beckons The NAR 2024 Sustainability Report unveils a landscape ripe for change in the residential real estate sector. From the integration of green data fields to the growing market acceptance of eco-friendly certifications, the industry is poised to lead the charge toward a more sustainable future. As client interest in sustainability grows, real estate professionals play a pivotal role in promoting eco-friendly homes and practices. By investing in education, advocating for energy efficiency, and actively engaging with properties featuring green elements, the industry lays the groundwork for a greener and more resilient future in residential real estate.

NAR released a summary of existing-home sales data showing that housing market activity this April declined 1.9% from March 2024. April’s existing-home sales reached a 4.14 million seasonally adjusted annual rate. April sales of existing homes declined 1.9% from April 2023. " data-src="https://cdn.nar.realtor/sites/default/files/styles/inline_paragraph_image/public/economists-outlook-us-existing-home-sales-april-2023-to-april-2024-line-graph-05-22-2024-1300w-614h.png?itok=oJQ8nQXq" class="b-lazy" width="1200" height="567" alt="Line graph: U.S. Existing-Home Sales, April 2023 to April 2024" title="Line graph: U.S. Existing-Home Sales, April 2023 to April 2024"> The national median existing-home price for all housing types reached $407,600 in April, up 5.7% from a year ago. " data-src="https://cdn.nar.realtor/sites/default/files/styles/inline_paragraph_image/public/economists-outlook-us-and-regional-median-sales-price-of-existing-home-sales-april-2024-and-2023-bar-graph-05-22-2024-1300w-607h.png?itok=Lu76qi1M" class="b-lazy" width="1200" height="560" alt="Bar graph: U.S. and Regional Median Sales Price of Existing Homes, April 2024 and 2023" title="Bar graph: U.S. and Regional Median Sales Price of Existing Homes, April 2024 and 2023"> Regionally, in April, all four regions showed price growth from a year ago. The West had the largest gain, 9.3%, followed by the Northeast, with an incline of 8.5%. The Midwest had an increase of 6.0%, while the South region rose 3.7%. April’s inventory of unsold listings as of the end of the month was up 9.0% from last month, standing at 1,210,000 homes for sale. Compared with April of 2023, inventory levels were up 16.3%. It will take 3.5 months to move the current level of inventory at the current sales pace, well below the desired pace of 6 months. Demand is currently outpacing inventory. It takes approximately 26 days for a home to go from listing to a contract in the current housing market. A year ago, it took 22 days. " data-src="https://cdn.nar.realtor/sites/default/files/styles/inline_paragraph_image/public/economists-outlook-inventory-april-2023-to-april-2024-bar-graph-05-22-2024-1300w-584h.png?itok=whdr6Lqw" class="b-lazy" width="1200" height="539" alt="Bar graph: Housing Inventory, April 2023 to April 2024" title="Bar graph: Housing Inventory, April 2023 to April 2024"> Sales in April declined in three of the four regions from a year ago. The West had the only incline of 1.3%. The Northeast had the largest decline, 4.0%, followed by the South, which fell 3.1%. The Midwest had the smallest decrease, 1.0%.    Compared to March 2024, all four regions showed drops in sales. The Northeast region decreased by 4.0%, followed by the West, which declined by 2.6%. The South fell 1.6%, followed by the Midwest region, which had the smallest dip in sales, 1.0%. The South led all regions in percentage of national sales, accounting for 45.9% of the total, while the Northeast had the smallest share at 11.6%. " data-src="https://cdn.nar.realtor/sites/default/files/styles/inline_paragraph_image/public/economists-outlook-regional-existing-home-sales-and-year-over-year-percent-change-april-2024-and-2023-bar-graph-05-22-2024-1300w-639h.png?itok=ML4MnFIJ" class="b-lazy" width="1200" height="590" alt="Bar graph: Regional Existing-Home Sales and Year-Over-Year Percent Change, April 2024 and 2023" title="Bar graph: Regional Existing-Home Sales and Year-Over-Year Percent Change, April 2024 and 2023"> In April, single-family sales decreased 2.1%, and condominium sales were flat compared to last month. Single-family home sales were down 1.3%, while condominium sales fell 7.0% compared to a year ago. The median sales price of single-family homes rose 5.6% to $412,100 from April 2023, while the median sales price of condominiums inclined 5.4% to $365,300. " data-src="https://cdn.nar.realtor/sites/default/files/styles/inline_paragraph_image/public/economists-outlook-year-over-year-percent-change-in-single-family-and-condominium-existing-home-sales-january-2021-to-april-2024-line-graph-05-22-2024-1300w-552h.png?itok=0Z2gOkSI" class="b-lazy" width="1200" height="510" alt="Line graph: Year-Over-Year Percent Change in Single-Family and Condominium Existing-Home Sales, January 2021 to April 2024" title="Line graph: Year-Over-Year Percent Change in Single-Family and Condominium Existing-Home Sales, January 2021 to April 2024"> " data-src="https://cdn.nar.realtor/sites/default/files/styles/inline_paragraph_image/public/economists-outlook-year-over-year-percent-change-in-single-family-and-condominium-median-sales-prices-january-2021-to-april-2024-line-graph-05-22-2024-1300w-617h_0.png?itok=wRCGVaGj" class="b-lazy" width="1200" height="570" alt="Line graph: Year-Over-Year Percent Change in Single-Family and Condominium Median Sales Prices, January 2021 to April 2024" title="Line graph: Year-Over-Year Percent Change in Single-Family and Condominium Median Sales Prices, January 2021 to April 2024">

Key Highlights Existing-home sales faded 1.9% in April to a seasonally adjusted annual rate of 4.14 million. Sales also dipped 1.9% from one year ago. The median existing-home sales price grew 5.7% from April 2023 to $407,600 – the tenth consecutive month of year-over-year price gains and the highest price ever for the month of April. The inventory of unsold existing homes climbed 9% from one month ago to 1.21 million at the end of April, or the equivalent of 3.5 months' supply at the current monthly sales pace. " data-src="https://www.nar.realtor/sites/default/files/styles/inline_paragraph_image/public/downloadable/2024-04-existing-home-sales-housing-snapshot-infographic-05-22-2024-1000w-1500h.png?itok=6t82LkOF" class="b-lazy" width="1000" height="1501" alt="EHS Housing Snapshot Infographic, April 2024" title="EHS Housing Snapshot Infographic, April 2024"> See and share this infographic. WASHINGTON (May 22, 2024) – Existing-home sales receded in April, according to the National Association of REALTORS®. All four major U.S. regions posted month-over-month declines. Year-over-year, sales decreased in the Northeast, Midwest and South but increased in the West. Total existing-home sales1 – completed transactions that include single-family homes, townhomes, condominiums and co-ops – slid 1.9% from March to a seasonally adjusted annual rate of 4.14 million in April. Year-over-year, sales fell 1.9% (down from 4.22 million in April 2023). "Home sales changed little overall, but the upper-end market is experiencing a sizable gain due to more supply coming onto the market," said NAR Chief Economist Lawrence Yun. Total housing inventory2 registered at the end of April was 1.21 million units, up 9% from March and 16.3% from one year ago (1.04 million). Unsold inventory sits at a 3.5-month supply at the current sales pace, up from 3.2 months in March and 3.0 months in April 2023. For homes priced $1 million or more, inventory and sales increased by 34% and 40%, respectively, from a year ago. The median existing-home price3 for all housing types in April was $407,600, an increase of 5.7% from the previous year ($385,800). All four U.S. regions registered price gains. "Home prices reaching a record high for the month of April is very good news for homeowners," Yun added. "However, the pace of price increases should taper off since more housing inventory is becoming available." REALTORS® Confidence Index According to the monthly REALTORS® Confidence Index, properties typically remained on the market for 26 days in April, down from 33 days in March but up from 22 days in April 2023. First-time buyers were responsible for 33% of sales in April, up from 32% in March and 29% in April 2023. NAR's 2023 Profile of Home Buyers and Sellers – released in November 20234 – found that the annual share of first-time buyers was 32%. All-cash sales accounted for 28% of transactions in April, identical to March and one year ago. Individual investors or second-home buyers, who make up many cash sales, purchased 16% of homes in April, up from 15% in March but down from 17% in April 2023. Distressed sales5 – foreclosures and short sales – represented 2% of sales in April, virtually unchanged from last month and the prior year. Mortgage Rates According to Freddie Mac, the 30-year fixed-rate mortgage averaged 7.02% as of May 16. That's down from 7.09% the previous week but up from 6.39% one year ago. Single-family and Condo/Co-op Sales Single-family home sales decreased to a seasonally adjusted annual rate of 3.74 million in April, down 2.1% from 3.82 million in March and 1.3% from the prior year. The median existing single-family home price was $412,100 in April, up 5.6% from April 2023. At a seasonally adjusted annual rate of 400,000 units in April, existing condominium and co-op sales were unchanged from last month and down 7% from one year ago (430,000 units). The median existing condo price was $365,300 in April, up 5.4% from the previous year ($346,700). Regional Breakdown Existing-home sales in the Northeast waned 4% from March to an annual rate of 480,000 in April, a decline of 4% from April 2023. The median price in the Northeast was $458,500, up 8.5% from the previous year. In the Midwest, existing-home sales slipped 1% from one month ago to an annual rate of 1 million in April, down 1% from one year ago. The median price in the Midwest was $303,600, up 6% from April 2023. Existing-home sales in the South descended 1.6% from March to an annual rate of 1.9 million in April, down 3.1% from the prior year. The median price in the South was $366,200, up 3.7% from last year. In the West, existing-home sales retracted 2.6% from a month ago to an annual rate of 760,000 in April, an increase of 1.3% from one year before. The median price in the West was $629,600, up 9.3% from April 2023. About the National Association of REALTORS® The National Association of REALTORS® is America's largest trade association, representing 1.5 million members involved in all aspects of the residential and commercial real estate industries. The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics. # # # For local information, please contact the local association of REALTORS® for data from local multiple listing services (MLS). Local MLS data is the most accurate source of sales and price information in specific areas, although there may be differences in reporting methodology. NOTE: NAR's Pending Home Sales Index for April is scheduled for release on May 30, and Existing-Home Sales for May will be released on June 21. Release times are 10 a.m. Eastern. 1 Existing-home sales, which include single-family, townhomes, condominiums and co-ops, are based on transaction closings from Multiple Listing Services. Changes in sales trends outside of MLSs are not captured in the monthly series. NAR benchmarks home sales periodically using other sources to assess overall home sales trends, including sales not reported by MLSs. Existing-home sales, based on closings, differ from the U.S. Census Bureau's series on new single-family home sales, which are based on contracts or the acceptance of a deposit. Because of these differences, it is not uncommon for each series to move in different directions in the same month. In addition, existing-home sales, which account for more than 90% of total home sales, are based on a much larger data sample – about 40% of multiple listing service data each month – and typically are not subject to large prior-month revisions. The annual rate for a particular month represents what the total number of actual sales for a year would be if the relative pace for that month were maintained for 12 consecutive months. Seasonally adjusted annual rates are used in reporting monthly data to factor out seasonal variations in resale activity. For example, home sales volume is normally higher in the summer than in the winter, primarily because of differences in the weather and family buying patterns. However, seasonal factors cannot compensate for abnormal weather patterns. Single-family data collection began monthly in 1968, while condo data collection began quarterly in 1981; the series were combined in 1999 when monthly collection of condo data began. Prior to this period, single-family homes accounted for more than nine out of 10 purchases. Historic comparisons for total home sales prior to 1999 are based on monthly single-family sales, combined with the corresponding quarterly sales rate for condos. 2 Total inventory and month's supply data are available back through 1999, while single-family inventory and month's supply are available back to 1982 (prior to 1999, single-family sales accounted for more than 90% of transactions and condos were measured only on a quarterly basis). 3 The median price is where half sold for more and half sold for less; medians are more typical of market conditions than average prices, which are skewed higher by a relatively small share of upper-end transactions. The only valid comparisons for median prices are with the same period a year earlier due to seasonality in buying patterns. Month-to-month comparisons do not compensate for seasonal changes, especially for the timing of family buying patterns. Changes in the composition of sales can distort median price data. Year-ago median and mean prices sometimes are revised in an automated process if additional data is received. The national median condo/co-op price often is higher than the median single-family home price because condos are concentrated in higher-cost housing markets. However, in a given area, single-family homes typically sell for more than condos as seen in NAR's quarterly metro area price reports. 4 Survey results represent owner-occupants and differ from separately reported monthly findings from NAR's REALTORS® Confidence Index, which include all types of buyers. The annual study only represents primary residence purchases, and does not include investor and vacation home buyers. Results include both new and existing homes. 5 Distressed sales (foreclosures and short sales), days on market, first-time buyers, all-cash transactions and investors are from a monthly survey for the NAR's REALTORS® Confidence Index, posted at nar.realtor.

" data-src="https://cdn.nar.realtor/sites/default/files/styles/wysiwyg_small2/public/2024-04-foot-traffic-sentrilock-home-showings-report-cover-05-22-2024-300w-400h.png?itok=HK9pYGRj" class="b-lazy" width="200" height="267" alt="Cover of the April 2024 SentriLock Home Showings report" title="Cover of the April 2024 SentriLock Home Showings report"> Download PDF Home Showings in the U.S. in April 2024 Showings up 3% Y/Y in April April 2024 U.S. showings were up 3% year over year, with 771,878 showings, according to data from SentriLock, LLC., a lockbox company. The pace of showing activity has inclined compared to last month, March 2024. SentriLock Cards Inclined 2% Y/Y Total U.S. SentriLock cards rose 2% year over year to 229,252. SentriLock cards, comprised of SentriKey® and SentriCard®, allow REALTORS® to access the Sentrilock® lockbox and are an indicator of the number of REALTORS® who conduct the showing. Showings Per Card Increased by 1% Y/Y The number of showings per card reflects the strength of buyer interest per listed property. At a national level, showings per card increased 1% year over year in April. " data-src="https://cdn.nar.realtor/sites/default/files/styles/inline_paragraph_image/public/2024-04-foot-traffic-us-year-over-year-change-in-showings-january-2009-to-april-2024-line-graph-05-22-2024-818w-444h.png?itok=xkTb9dYz" class="b-lazy" width="818" height="444" alt="Line graph: Foot Traffic Year-Over-Year Change in U.S. Home Showings, January 2009 to April 2024" title="Line graph: Foot Traffic Year-Over-Year Change in U.S. Home Showings, January 2009 to April 2024"> Regional Home Showings in April 2024 Three of the four Regions Saw Y/Y Showings Increase Three of the four regions saw an increase in showings on a year-over-year basis in April: The Northeast had the biggest gain (26%), followed by the South (9%). The West had the smallest increase (2%). Showings were down in the Midwest (-4%). Y/Y SentriLock Cards Decreased In Two of the four Regions Cards were up in the South (9%) and the Northeast (4%) on a year-over-year basis. The Midwest fell (-2%), followed by the West (-1% ), which had the smallest decline. Showings Per Card Increased In Two of the Four Regions On A Y/Y Basis Two of the four regions saw year-over-year increases in showings per card in April. The Northeast had the biggest increase (21%) followed by the West (3%). The South fell (-1%) followed by the Midwest region, which declined (-2%). " data-src="https://cdn.nar.realtor/sites/default/files/styles/inline_paragraph_image/public/2024-04-foot-traffic-regional-year-over-year-change-in-showings-us-map-05-22-2024-796w-508h.png?itok=jReeXj-D" class="b-lazy" width="796" height="508" alt="U.S. Map: Year-over-year Change in U.S. Home Showings by Region, April 2024" title="U.S. Map: Year-over-year Change in U.S. Home Showings by Region, April 2024"> Download the full report

Please note: The Tableau data visualization embeds on this page are best viewed on a laptop or desktop computer. A recently published update to the U.S. Census Bureau's population estimates allows NAR to examine population dynamics, including how natural change and net migration contribute to growth within metropolitan areas. An analysis of data from metropolitan areas between July 2022 and July 2023 showed that the South maintained its position as the nation's fastest-growing region. Sustained Population Growth in the South In 2023, Florida claimed four of the top ten fastest-growing metropolitan areas, and two more were in South Carolina. According to the U.S. Census Bureau, this underlines a larger trend of widespread population growth across the South, the nation's fastest-growing region from 2022 to 2023. In Florida, the fastest-growing areas were Wildwood-The Villages (4.7%) and Lakeland-Winter Haven (3.8%), while slightly smaller population growth was seen in Ocala (3.4%) and Port St. Lucie (3.1%). In South Carolina, the fastest-growing areas were the Myrtle Beach-Conway-North Myrtle Beach area (3.7%) and the Spartanburg area (2.9%). In contrast, slower growth and losses were recorded in other regions of the country. Between 2022 and 2023, the areas of New Orleans-Metairie, LA (-1.2%), Santa Cruz-Watsonville, CA (-1.0%), and St. Joseph, MO-KS (-1.0%) were the slowest-growing U.S. metropolitan areas. In terms of residents added, significant gains occurred in Texas, which claimed four of the top ten largest-gaining metro areas. The gains occurred in Dallas-Fort Worth-Arlington (152,598), followed by Houston-Pasadena-The Woodlands (139,789), making the two areas the most popular among movers that year. Austin-Round Rock-San Marcos (50,105) and San Antonio-New Braunfels (48,071) also recorded notable gains. Additional increases occurred in Florida, specifically in Orlando-Kissimmee-Sanford (54,916), Tampa-St. Petersburg-Clearwater (51,622), and the state's largest metropolitan area, Miami-Fort Lauderdale-West Palm Beach (43,387). Altogether, the three metro areas added nearly 150,000 residents to the Sunshine State that year. Among the top ten largest-gaining areas, only one non-Southern area, Phoenix-Mesa-Chandler, AZ (49,240), made it to the list. Meanwhile, California accounted for three of the top ten declining areas in the West. The areas Los Angeles-Long Beach-Anaheim (-71,037), San Francisco-Oakland-Fremont (-11,220), and San Diego-Chula Vista-Carlsbad (-7,203) collectively lost nearly 90,000 residents during that period. Other significant declines in population were seen in the New York-Newark-New Jersey, NY-NJ (-65,549) and the Chicago-Naperville-Elgin, IL-IN (-16,602) areas. A Closer Look at the Nationwide Growth Population growth data collected by the Census includes calculations of changes in vital events (births and deaths) and the changes in net migration (domestic and international). Between 2022 and 2023, natural change contributed 504,495 residents nationwide, while net migration accounted for a total of 1,138,989 new residents in all states. In terms of net migration, the top four metropolitan areas in Texas accounted for a little over 260,000 new residents. In comparison, Florida's top three migration-gaining areas accounted for a little over 135,500 residents. Once again, the Phoenix-Mesa-Chandler, AZ area was the sole non-Southern area that made it to the top ten, showcasing a net migration gain of 25,892. Other top migration-gaining areas included Atlanta-Sandy Springs-Roswell in Georgia (42,512) and Charlotte-Concord-Gastonia in North and South Carolina (40,670). Among domestic movers, four areas in Texas stood out, with Dallas-Fort Worth-Arlington (60,457) being the most popular. In contrast, the least popular areas were New York-Newark-Jersey City, NY-NJ (-238,494) in the Northeast and Los Angeles-Long Beach-Anaheim, CA (-154,634) in the West. Even though Florida was mainly a winner among domestic residents, the Miami-Fort Lauderdale-West Palm Beach (-62,062) was the state's only metropolitan area that experienced losses. However, the domestic losses experienced by these areas don't signify the endgame, as they continue to attract international residents. Between July 2022 and July 2023, the U.S. gained more than 1.1 million foreign nationals. The most popular areas among them included New York-Newark-Jersey City, NY-NJ (104,923), Miami-Fort Lauderdale-West Palm Beach, FL (94,725), and Los Angeles-Long Beach-Anaheim, CA (53,247). https://public.tableau.com/app/profile/anat.nusinovich/viz/international... Please note: The Tableau data visualization embeds on this page are best viewed on a laptop or desktop computer. A recently published update to the U.S. Census Bureau's population estimates allows NAR to examine population dynamics, including how natural change and net migration contribute to growth within metropolitan areas. An analysis of data from metropolitan areas between July 2022 and July 2023 showed that the South maintained its position as the nation's fastest-growing region. Sustained Population Growth in the South In 2023, Florida claimed four of the top ten fastest-growing metropolitan areas, and two more were in South Carolina. According to the U.S. Census Bureau, this underlines a larger trend of widespread population growth across the South, the nation's fastest-growing region from 2022 to 2023. In Florida, the fastest-growing areas were Wildwood-The Villages (4.7%) and Lakeland-Winter Haven (3.8%), while slightly smaller population growth was seen in Ocala (3.4%) and Port St. Lucie (3.1%). In South Carolina, the fastest-growing areas were the Myrtle Beach-Conway-North Myrtle Beach area (3.7%) and the Spartanburg area (2.9%). In contrast, slower growth and losses were recorded in other regions of the country. Between 2022 and 2023, the areas of New Orleans-Metairie, LA (-1.2%), Santa Cruz-Watsonville, CA (-1.0%), and St. Joseph, MO-KS (-1.0%) were the slowest-growing U.S. metropolitan areas. In terms of residents added, significant gains occurred in Texas, which claimed four of the top ten largest-gaining metro areas. The gains occurred in Dallas-Fort Worth-Arlington (152,598), followed by Houston-Pasadena-The Woodlands (139,789), making the two areas the most popular among movers that year. Austin-Round Rock-San Marcos (50,105) and San Antonio-New Braunfels (48,071) also recorded notable gains. Additional increases occurred in Florida, specifically in Orlando-Kissimmee-Sanford (54,916), Tampa-St. Petersburg-Clearwater (51,622), and the state's largest metropolitan area, Miami-Fort Lauderdale-West Palm Beach (43,387). Altogether, the three metro areas added nearly 150,000 residents to the Sunshine State that year. Among the top ten largest-gaining areas, only one non-Southern area, Phoenix-Mesa-Chandler, AZ (49,240), made it to the list. Meanwhile, California accounted for three of the top ten declining areas in the West. The areas Los Angeles-Long Beach-Anaheim (-71,037), San Francisco-Oakland-Fremont (-11,220), and San Diego-Chula Vista-Carlsbad (-7,203) collectively lost nearly 90,000 residents during that period. Other significant declines in population were seen in the New York-Newark-New Jersey, NY-NJ (-65,549) and the Chicago-Naperville-Elgin, IL-IN (-16,602) areas. A Closer Look at the Nationwide Growth Population growth data collected by the Census includes calculations of changes in vital events (births and deaths) and the changes in net migration (domestic and international). Between 2022 and 2023, natural change contributed 504,495 residents nationwide, while net migration accounted for a total of 1,138,989 new residents in all states. In terms of net migration, the top four metropolitan areas in Texas accounted for a little over 260,000 new residents. In comparison, Florida's top three migration-gaining areas accounted for a little over 135,500 residents. Once again, the Phoenix-Mesa-Chandler, AZ area was the sole non-Southern area that made it to the top ten, showcasing a net migration gain of 25,892. Other top migration-gaining areas included Atlanta-Sandy Springs-Roswell in Georgia (42,512) and Charlotte-Concord-Gastonia in North and South Carolina (40,670). Among domestic movers, four areas in Texas stood out, with Dallas-Fort Worth-Arlington (60,457) being the most popular. In contrast, the least popular areas were New York-Newark-Jersey City, NY-NJ (-238,494) in the Northeast and Los Angeles-Long Beach-Anaheim, CA (-154,634) in the West. Even though Florida was mainly a winner among domestic residents, the Miami-Fort Lauderdale-West Palm Beach (-62,062) was the state's only metropolitan area that experienced losses. However, the domestic losses experienced by these areas don't signify the endgame, as they continue to attract international residents. Between July 2022 and July 2023, the U.S. gained more than 1.1 million foreign nationals. The most popular areas among them included New York-Newark-Jersey City, NY-NJ (104,923), Miami-Fort Lauderdale-West Palm Beach, FL (94,725), and Los Angeles-Long Beach-Anaheim, CA (53,247). https://public.tableau.com/app/profile/anat.nusinovich/viz/international...

Depending on one's outlook, mortgage rates from Freddie Mac today are either a bright spot or a weak spot. Fact: the 30-year fixed mortgage interest rate averaged 7.02% over the last week. At 7.02%, a mortgage payment on a $400,000 home with 10% down is $2,400 and $2,133 with 20% down. Positive: Mortgage rates eased for the second consecutive week and remain below the historical average of 7.74%. Negative: Mortgage rates are still above 7% for the fifth week in a row, and higher rates are hurting first-time buyers, causing a lock-in effect on homeowners, and eroding affordability. Regardless of one’s personal outlook—yesterday's CPI report showed a small decline in inflation and moved closer to the Fed’s 2% target. The stock market reacted favorably, and ultimately, the news should continue to improve mortgage rates for late spring home buyers.

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Kobe 4 Life: A Tribute to the MVP, Black MambaKobe Bryant, the Black Mamba, is undoubtedly one of the greatest basketball players of all time. With an illustrious career spanning two decades, Kobe left an indelible mark on the game and in the hearts of his fans. As we celebrate his legacy, it's only fitting to remember his incredible achievements, including his MVP honors.Kobe MVP Yong, as he is fondly referred to, has not only cemented his name in the basketball hall of fame but also in the hearts of real estate enthusiasts. Kobe's contribution to the real estate industry is equally remarkable, leaving a lasting impact on the market. Let's dive into the world of Kobe's real estate ventures and his influence on the industry.During his playing days, Kobe Bryant purchased several properties, demonstrating his keen eye for real estate investments. One of his noteworthy purchases was his Newport Coast mansion, which he acquired in 1997 for $1.7 million. This luxurious property boasted six bedrooms, a stunning ocean view, and a resort-style pool. The Newport Coast mansion served as a testament to Kobe's successful career and his lavish lifestyle.Another remarkable property in Kobe's real estate portfolio is his home in Orange County's Pelican Ridge Estates. This Mediterranean-style villa spanned over 14,000 square feet and featured a host of luxurious amenities. From a home theater to a gym, Kobe ensured that his home offered the utmost comfort and entertainment for himself and his loved ones.In addition to indulging in high-end residences, Kobe also ventured into real estate development. He co-founded the real estate investment firm, Kobe Inc., which focused on developments in Orange County. Kobe Inc. aimed to transform underutilized spaces into vibrant communities, showcasing Bryant's passion for giving back to the community and creating a lasting impact beyond basketball.Kobe's influence on the real estate market extended beyond his personal investments and development projects. His brand, Black Mamba, became synonymous with excellence and style, inspiring a new generation of athletes and real estate enthusiasts alike. The name Black Mamba evoked a sense of sophistication and determination, qualities that many individuals sought to emulate in their real estate ventures.Kobe's unparalleled dedication to his craft and his unwavering commitment to excellence resonated deeply with real estate professionals. He became a symbol of success and inspiration, encouraging real estate agents and investors to push their limits and strive for greatness. Kobe's influence is evident in the heightened drive and determination displayed by individuals within the industry.The Black Mamba's legacy extends far beyond his basketball prowess. It encompasses his entrepreneurial spirit, his commitment to community development, and his influence on the real estate market. Kobe Bryant will forever be remembered as an MVP in both the game of basketball and the world of real estate.As we pay tribute to Kobe 4 Life, let us reflect on the impact he had on the real estate industry. From his luxurious properties to his commitment to community development, Kobe Bryant left an indelible mark on the market. His legacy serves as a reminder that greatness can be achieved not only on the court but also in our professional lives.In conclusion, Kobe MVP Yong's influence on the real estate industry is undeniable. His real estate investments, development projects, and the inspiration he provided to others have forever changed the landscape of the market. As we remember the Black Mamba, let us honor his memory by striving for greatness in every aspect of our lives, including the world of real estate.

Are you looking for a charming and well-maintained home in the heart of Philadelphia? Look no further than 3466 Friendship Street in the desirable Mayfair West neighborhood. This spacious row home offers not only convenience but also a comfortable living experience that will make you feel right at home. One of the standout features of this property is its prime location. Situated in Mayfair West, you'll find yourself within close proximity to transportation options, supermarkets, and the popular Roosevelt Mall. Whether you enjoy a quick commute into the city or prefer the convenience of nearby shopping and amenities, this home is perfectly situated to meet your needs. As you step inside, you'll immediately appreciate the attention to detail and meticulous maintenance that this property has received. The current owner has taken great care in keeping this home in top-notch condition. With a roof that was recently redone in 2022, you can have peace of mind knowing that this important aspect of the home is already taken care of. Currently tenant-occupied with a month-to-month lease, this property offers the additional benefit of rental income potential. Whether you're an investor looking for a reliable source of income or a homeowner looking for a property that can help offset mortgage costs, this home provides an excellent opportunity to achieve your goals. Inside, you'll find a layout that maximizes space and functionality. The rooms are generously sized, offering plenty of room for you and your loved ones to spread out and relax. The comfortable atmosphere and well-designed floor plan make this home an ideal place to host gatherings and create lasting memories with family and friends. Outside, the property features a yard that provides a tranquil space to enjoy the outdoors. Whether you have a green thumb or simply enjoy a peaceful retreat, this outdoor oasis offers endless possibilities for relaxation and entertainment. With a listing price of $275,000, this home represents a fantastic value in the Philadelphia real estate market. Don't miss the opportunity to own this gem in Mayfair West, a neighborhood known for its community spirit and convenient location. In conclusion, 3466 Friendship Street is a meticulously maintained property that offers both convenience and comfort. Its prime location, excellent condition, and potential for rental income make it a standout in the real estate market. If you're interested in finding a place that you'll be proud to call home, look no further than this charming row house in Mayfair West.

The real estate industry is full of surprises, and the latest buzz is all about the San Jose Ave listing in San Francisco, California. This property has created quite the stir, with its listing price of $6666666. The question on everyone's mind is, can a property be really worth such a high price tag? Let's find out.The listing description of this property is quite intriguing, to say the least. It simply reads "nulland oooooooo." Now, this may seem odd, but it has actually been a clever marketing tactic to pique the interest of potential buyers. The listing has gone viral on social media platforms, with people guessing what the mysterious "nulland oooooooo" could mean.The property itself is a charming, single-family home located in the vibrant and eclectic Mission district of San Francisco. It boasts two bedrooms and one bathroom, with a cozy and inviting feel. The interior is tastefully decorated, with hardwood floors and plenty of natural light, making it a perfect place to call home.The real question, however, is whether the listing price of $6666666 is justified. San Francisco is known for its high cost of living, but even by the city's standards, this is an eye-watering figure. The property's location is undoubtedly a prime one, with easy access to public transportation, trendy cafes, and shops. However, it's hard to determine if the high price tag is due to the location or the property's unique marketing approach.In conclusion, the San Jose Ave listing in San Francisco has caused quite a stir in the real estate industry. While the property itself is charming and in a great location, the listing price of $6666666 is still debatable. Nonetheless, it's a reminder that the real estate industry can often be unpredictable, and it's essential to keep an open mind to all possibilities.{"Nulland oooooooo" Listing in San Francisco: A Clever Marketing Tactic or a Genuine Real Estate Gem?}

Looking for a luxurious and spacious townhome in Wayne Twp., NJ? Look no further than 39 Tanager Ct, a multi-level property with stunning features and amenities that are sure to impress.As soon as you step inside this townhome, you'll be greeted by an open-concept floor plan that's perfect for entertaining. The living room boasts high ceilings, a cozy fireplace, and a custom mantle that adds instant charm and character. The dining room flows seamlessly into the remodeled kitchen, which features white quartz countertops and stainless steel appliances that will make meal prep a breeze.Head upstairs to discover two bedrooms, both with en-suite bathrooms that offer privacy and comfort. The laundry room is also conveniently located on this level, making it easy to tackle household chores. Meanwhile, the den/office located on the ground level is the perfect space for a home office, guest room, or playroom.One of the standout features of this townhome is its custom moldings and gleaming hardwood floors, which add an undeniable sense of sophistication and style. You'll feel like you're living in a high-end resort every time you come home.In addition to its stunning features, 39 Tanager Ct also offers a two-car garage, so you'll never have to worry about parking or storage. And the location couldn't be better- this townhome is conveniently located near major highways, NJ Transit, schools, and restaurants, making it easy to stay connected to all of the amenities you need and love.Overall, if you're in the market for a luxurious and spacious townhome in Wayne Twp., NJ, you won't want to miss 39 Tanager Ct. It's the perfect combination of style, comfort, and convenience, and it's ready for you to move in and make it your own.

Kobe Bryant was not just a basketball player, he was a legend. He dedicated his life to the sport, and his talent and work ethic made him one of the greatest players of all time. He won five NBA championships and two Olympic gold medals, and was named MVP of the league in 2008. Kobe was a true icon, and his legacy will live on forever.One of the things that made Kobe so special was his ability to perform under pressure. He was known for his clutch performances, and for his ability to lead his team to victory in the toughest of situations. His work ethic was legendary, and he always put in the extra hours to hone his skills and improve his game.Kobe’s MVP season was in 2008, when he led the Lakers to the NBA Finals. He averaged 28.3 points, 6.3 rebounds, and 5.4 assists per game, and was unstoppable on the court. He was a true leader, and his determination and drive inspired his teammates to play at their best.But Kobe was not just a basketball player. He was also a businessman, an investor, and a philanthropist. He founded the Kobe and Vanessa Bryant Family Foundation, which aims to improve the lives of young people in need. He also invested in tech startups and real estate, and was known for his business savvy.One of the properties that Kobe invested in was Yonge Street in Toronto, Canada. The Yonge Street corridor is one of the busiest and most vibrant areas in the city, and has seen a lot of growth and development in recent years. Kobe recognized the potential of the area, and invested in a luxury condominium development that is now one of the most sought-after properties in the city.Kobe’s legacy will continue to inspire and motivate people for generations to come. He was a true icon, and his love for basketball and his dedication to his craft will always be remembered. Kobe for life.