
Existing-Home Sales Fell 2.0% in August While Supply Reached a Decade High
NAR reported 3.98 million annualized sales and 4.9 months of inventory, the deepest supply in more than ten years.

NAR reported 3.98 million annualized sales and 4.9 months of inventory, the deepest supply in more than ten years.

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Illustrative residential architecture; not a property discussed in the article.
Original Estate Wire coverage
21 stories found · page 1 of 2
Avilla Foothills adds 108 detached rental homes in Surprise, part of a pace of roughly one new community a month for the company in the Phoenix market this year.
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Desert Classic Mobile Home Park traded for $26.13 million, about $95,018 a space — among the highest per-space prices on record for an all-age Tucson park.
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The council's unanimous vote targets the gap between an advertised rent and what a tenant actually pays each month — but the ban does not bite until mid-2027.
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The project is described as the largest public-private partnership in the history of Florida's state university system.
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The July filing in the RealPage antitrust action continued a pattern of landlords settling one at a time while the software vendor's own decree awaited court approval.
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Pinnacle would be barred from algorithmic coordination and from exchanging competitively sensitive data with competitors.
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The DC attorney general said RealPage-linked pricing tools touched roughly 60% of units in the city's large apartment buildings.
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The property manager agreed to stop using any software that aligns rents using competitors' confidential data.
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The largest single-family rental landlord disposed of 657 homes against 196 acquisitions, redirecting capital to a stock it evidently considered cheaper than housing.
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The all-stock combination would hold more than 44,000 units with 58% of income from the Sunbelt, 27% from the Midwest and 15% from the Mountain West.
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Advertised rents held at $930 a bed for a sixth consecutive month even as occupancy commitments ran a full point ahead of last year.
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The single-family landlord's in-house construction programme is now its principal source of new homes, at a time when acquiring from the resale market has grown politically fraught.
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The FAIR Act, signed July 20, prohibits software that pools competitors' nonpublic rent and occupancy data, and takes effect July 1, 2027.
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The Census Bureau's quarterly vacancy survey found the national picture almost unchanged — except among the youngest owners, where the decline cleared the significance test.
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The NMHC quarterly survey's market tightness index jumped to 57 in July while its three capital-markets indexes all fell below the breakeven line.
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RealPage counted more than 187,000 units absorbed in the second quarter against an annual supply figure down sharply from its late-2024 peak.
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A three-year data series through the first quarter of 2026 shows rents in the build-to-rent segment peaking in 2025 and annual growth reaching zero.
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Filings slipped slightly from the prior year, but Atlanta's rate reached 25% of renter households and greater Austin's filings rose 30%.
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Apartment List put the national median at roughly $1,385 with units sitting empty about 30 days — a supply-driven softening, not a demand collapse.
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Apartment List put the national median at $1,390 in August, with year-over-year growth negative but recovering from an April trough.
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