Number of foreign buyer purchases falls to lowest point since 2009
As the US dollar's value and home sale prices rose from April 2023 to March 2024, international buyers shied away from investing in US real estate, according to a new report from NAR
by Lillian Dickerson Jul 17
Sean Hannity parts ways with Long Island home for $12.7M cash
The conservative talk show host listed the property in May, and it went under contract within one week. A fan reportedly purchased the home, as well as its furniture and books from the library
by Lillian Dickerson Jun 12
Treasury releases proposed rule for reporting all-cash luxe sales
Real estate professionals who handle closings and settlements will need to file a report to the Treasury when an all-cash residential sale is made to shell companies, trusts and legal entities
Existing-home sales drop for second month as buyer demand stalls
Total existing-home sales dropped by 2.7% from February 2022 and by 4.5% from March 2021 to a seasonally adjusted annual rate of 5.77 million, according to the National Association of Realtors
by Lillian Dickerson Apr 20
2 homes sell for $1M over asking: The moves behind the transactions
Bennett Hirsch and Nick Sandler, top-performing agents with The Agency, reveal what went into sales at 2420 Glendower Avenue in Los Feliz and 4091 Deervale Drive in Sherman Oaks
by Lillian Dickerson Feb 18
Existing-home sales tally banner year after 12 months of epic demand
In a year of sky-high demand, existing-home sales recorded a banner year with the sale of 6.12 million units and an 8.5% surge from 2020, according to the National Association of Realtors
by Lillian Dickerson Jan 20
Real estate investors bought record-breaking number of homes in Q3
Investors purchased a record 18.2% of US homes, amounting to a new high of $63.6B in homes during the third quarter of 2021, according to a new Redfin analysis released Monday
by Lillian Dickerson Nov 16
Existing-home sales rise for second consecutive month in July
Total existing-home sales in July 2021 rose 2% on a seasonally adjusted annual basis from June to a rate of 5.99 million, according to the National Association of Realtors
by Lillian Dickerson Aug 23
Investor home purchases exceed pre-pandemic levels, hit record high
Investors purchased 67,943 US homes during the second quarter, for a total value of $48.5B, the highest figure on record, according to data released Thursday by Redfin
by Lillian Dickerson Jul 22
US home sale profits rise to new post-recession high
The typical home sale profit of $75,971 in the second quarter of 2020 reflected a 36.3% return on investment, a new high in raw profits since the housing market started its recovery from the Great Recession in 2012
by Lillian Dickerson Jul 22
Sellers earn average price gain of $67,100 in first quarter
The first quarter of 2020 made a strong showing for homesellers, but the data does not yet reflect the full impact of the COVID-19 pandemic on the market
by Lillian Dickerson Apr 29
Go figure: all-cash sales and institutional investors, highest median home prices, the average Irish-American and more