The median age of homes purchased nationwide reached a record high of 36 years in 2024, a significant jump from 27 years in 2012, according to an analysis released Monday by Redfin.
The trend reflects a long-term slowdown in new home construction and growing affordability challenges. Buyers are increasingly turning to older properties, often out of necessity rather than preference.
Thousands of Minnesota residents who lost homes over property taxes may now be eligible for compensation, following a landmark U.S. Supreme Court ruling and a resulting $109 million class-action settlement fund.
The case began with Geraldine Tyler, a 94-year-old Minneapolis woman who owed $15,000 in property taxes on her condominium.
Home prices rose in more than 80% of U.S. metro areas in the first quarter of 2025 — even as affordability remained stretched and fewer markets posted double-digit gains.
According to the National Association of Realtors (NAR), 189 of 228 metro areas (83%) saw year-over-year increases in the median price for existing single-family homes. That’s a slight decline from 89% in the fourth quarter of 2024.
Amid higher interest rates and a tight housing market, U.S. homeowners are increasingly choosing to renovate rather than relocate — and many are doing so under financial and emotional strain, according to a newly released nationwide survey.
A report released by Block Renovation, based on responses from more than 1,000 homeowners, paints a detailed picture of the home renovation experience in 2025.
The average closing costs for a refinance mortgage in the U.S. totaled $2,403 last year, or about 0.72% of the loan amount, according to a new report from LodeStar Software Solutions.
The findings mark the company’s first analysis of refinance-specific closing costs. Closing fees ranged widely by location and are influenced largely by state and local taxes.
Weekly pending home sales disappointed in the last week of April, with 10% fewer than the same week in 2024.
To be specific, single-family home sales came in 8% fewer than the same week last year, and condo sales came in 19% fewer. Nationally, weekly pending home sales saw only a small rebound after the Easter holiday from two weeks ago.
Realtor.com has launched a new national advertising campaign featuring country music artist and actress Reba McEntire as the company aims to offer reassurance to prospective homebuyers who are navigating a historically difficult real estate market.
The campaign, titled “Nearly Home,” incorporates sitcom-style ads that draw on real buyer experiences and attempt to ease the emotional toll of the homebuying process.
The potential elimination of Section 8 housing vouchers and roughly 40% cuts to rental assistance were included in a recent White House request to the U.S. Department of Housing and Urban Development (HUD).
The cuts, first reported by NPR, target core HUD programs like Section 8 vouchers, replacing them with block grants to states.
Intercontinental Exchange‘s May 2025 Mortgage Monitor Report, released Monday, found that first-time homebuyers accounted for a record share of agency purchase lending (58%) in the first quarter 2025.
eXp Luxury, the upscale division of real estate brokerage eXp Realty, is teaming with MORE Seller Financing to give luxury home sellers new tools to attract buyers and improve listing performance in a high interest rate environment.
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