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2023 has been a rough ride for homebuyers. Exploding interest rates caused many potential buyers to pump the brakes on diving into homeownership.

Existing home sales dropped once again in October, according to the National Association of Realtors (NAR).

The U.S. real estate market is not for the timid. Another period of heart-stopping inflation, soaring mortgage rates, uncontrollably rising prices, and widespread worry about homeownership followed the unanticipated rollercoaster that was the pandemic.

Home sales aligned with expectations in October. While sales were cooler than September, the rate of sales was well above levels a year ago, according to the October New Home Market Update report from Zonda.

Blue is trending according to several of the major paint companies. Why should homeowners include this calming hue in their décor?

Mortgage applications for new-home purchases increased 39.7% compared with a year ago, according to the October data from the Mortgage Bankers Association (MBA) Builder Application Survey (BAS). Compared with September, applications increased by 6%.

As the CEO of FirstService Residential, David Diestel has witnessed the shifting trends in the high-rise luxury market. Luxury buyers demand name recognition, impressive amenities, and immediate service. Diestel’s company aims to bring all these requests and more to today’s high-rise purchasers.

The median down payment increased across the board in the third quarter, somewhat counterintuitive, according to Realtor.com. While down payment amounts typically increase as home sale prices increase, the increase in down payments in the third quarter came during a period when home prices were steadying.

Consumer prices remained unchanged in October on a seasonally adjusted basis, after increasing 0.4% in September, according to the U.S. Bureau of Labor Statistics (BLS). Over the last 12 months, inflation has increased 3.2%, according to the Consumer Price Index (CPI).

Simon Mass has a reputation within the building industry that spans across North America. He's known as the creator of volume pre-construction sales investing for qualified high-net-worth individuals and families.