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December 6, 2024 Economic and Housing Market Update

December 6, 2024 Economic and Housing Market Update

December 6, 2024 – The [Realtor.com® economics team](https://www.realtor.com/research/team/)(https://www.youtube.com/playlist?list=PLmlKLrMX62MaN_8ny9hJdpyVoDfUDNjM8)[update](https://www.realtor.com/research/video-economic-and-housing-market-update-december-6-2024/)gives you the relevant economic and real estate information you need to know each week every Friday to navigate the housing market as a homebuyer, home seller, or industry professional. – For the week ending December 6, [Realtor.com®](https://www.realtor.com/research/team-member/ralph-mclaughlin/)[Chief Economist Danielle Hale](https://www.realtor.com/research/team-member/danielle-hale/)recaps the latest economic data which focused onRead …

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Celebrities Like Gigi Hadid and Bradley Cooper Flock to this Tiny Pennsylvania Town—Here’s How It’s Made Prices Shoot Up

Celebrities Like Gigi Hadid and Bradley Cooper Flock to this Tiny Pennsylvania Town—Here’s How It’s Made Prices Shoot Up

If you’ve been trying to buy a home in New Hope, PA, but are finding yourself priced out, the celebrities flocking to this quiet hot spot might be to blame. Supermodel sisters Gigi and Bella Hadid and their mom, former “Real Housewives of Beverly Hills” star Yolanda Hadid, [bought a property in the area inRead …

Celebrities Like Gigi Hadid and Bradley Cooper Flock to this Tiny Pennsylvania Town—Here’s How It’s Made Prices Shoot Up Read More »

EXCLUSIVE: ‘Married to Real Estate’ Star Egypt Sherrod Reveals Toll of HGTV Success on Her Home Life

EXCLUSIVE: ‘Married to Real Estate’ Star Egypt Sherrod Reveals Toll of HGTV Success on Her Home Life

“Married to Real Estate” star [Egypt Sherrod](https://www.realtor.com/advice/reality-tv/exclusive-married-to-real-estate-season-3-egypt-sherrod-mike-jackson-interview/) has revealed the one [home design trend](https://www.realtor.com/advice/home-improvement/home-design-trends-predictions/) that is set to take over in 2025—while opening up about the toll that her booming business has taken on her own home. The [longtime HGTV host](https://www.realtor.com/advice/reality-tv/exclusive-egypt-sherrod-and-mike-jackson-open-up-about-married-to-real-estate/), who lives in [Atlanta](https://www.realtor.com/realestateandhomes-search/Atlanta_GA) with her co-star and [husband, Mike Jackson](https://www.realtor.com/advice/reality-tv/egypt-sherrod-and-mike-jackson-of-married-to-real-estate-warn-of-the-dumbest-home-renovation-mistake/), is busy lookingRead …

EXCLUSIVE: ‘Married to Real Estate’ Star Egypt Sherrod Reveals Toll of HGTV Success on Her Home Life Read More »

From Mail Stops to Smart Devices, 6 Ways to Protect Your Home While You’re Out of Town This Winter

From Mail Stops to Smart Devices, 6 Ways to Protect Your Home While You’re Out of Town This Winter

If you’re planning on heading out of town for the holiday season, you’ll want to prepare your home for your time away. In addition to standard safety precautions, leaving during the winter requires a few additional measures to make sure everything stays safe. From mail stops to pipe-protecting measures, here are 6 ways to protectRead …

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When Is a Home Seller Paid—and How? The Steps of a Real Estate Transaction

When Is a Home Seller Paid—and How? The Steps of a Real Estate Transaction

Congrats! You just sold your home quickly for thousands of dollars over the [asking price](https://www.realtor.com/advice/buy/times-to-offer-over-asking-price-on-a-house/). You may be eyeing that sell price with wide eyes, amazed that a large amount of money will soon be in your bank account. Well, the cash will get to your savings account, but perhaps not as quickly as youRead …

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Ultrawealthy and Their Private Jets Have Sparked a Boom in Florida’s Luxury Housing Market

Ultrawealthy and Their Private Jets Have Sparked a Boom in Florida’s Luxury Housing Market

Florida’s luxury housing market is booming, and that’s thanks in part to the popularity of private jet travel in the state. This week, seven of the 10 most expensive home listings in the country are on Florida’s southern coasts. Spanning President-elect Donald Trump ‘s Palm Beach territory to the Northeast-transplant hot spot of Naples onRead …

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Weekly Housing Market Update: Get Ready for the First Balanced Market in Nearly a Decade in 2025

Weekly Housing Market Update: Get Ready for the First Balanced Market in Nearly a Decade in 2025

By Danielle Hale Dec 6, 2024 Envelope Facebook Twitter Linkedin Pinterest Share Homebuyers and sellers can slowly start to breath easy in 2025, with modest gains on the horizon in the next year. Realtor.com’s 2025 Housing Forecast shows that there will be gains in both home prices and sales. And the biggest positive story forRead …

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America’s Most Expensive Property Is Sitting in a Flood Zone—Will Anyone Buy the $295 Million Estate?

America’s Most Expensive Property Is Sitting in a Flood Zone—Will Anyone Buy the $295 Million Estate?

Who would spend more than a quarter of a billion dollars on a property guaranteed to flood in the near future? That question has remained unanswered since February, when the most expensive home in America hit the market. The Naples, FL, property—listed for a staggering $295 million—comes with unparalleled amenities and 1,655 feet of waterRead …

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Trump’s Treasury Pick Has Bought and Sold at Least 20 Homes. On Some, He Lost Millions.

Trump’s Treasury Pick Has Bought and Sold at Least 20 Homes. On Some, He Lost Millions.

Hedge-fund manager Scott Bessent—Donald Trump’s pick to lead the Treasury Department—owns a piece of banking history: a pink-stucco building in Charleston, S.C., that housed a branch of the First Bank of the U.S. in the 1790s. Bessent paid $2.6 million for the historic building in 2020, the same year he moved to Charleston with hisRead …

Trump’s Treasury Pick Has Bought and Sold at Least 20 Homes. On Some, He Lost Millions. Read More »

Mortgage Rates Drop to 6.69% as Home Prices Rise for First Time in 27 Weeks

Mortgage Rates Drop to 6.69% as Home Prices Rise for First Time in 27 Weeks

By Julie Taylor Dec 5, 2024 Envelope Facebook Twitter Linkedin Pinterest Share Mortgage rates fell from 6.81% last week to 6.69% for a 30-year fixed home loan for the week ending Dec. 5, according to Freddie Mac. “This week, mortgage rates decreased to their lowest level in over a month,” said Sam Khater , FreddieRead …

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