Buyer anxiety around prices and the election precipitated the fall as the National Association of Realtors' Pending Home Sales Index declined 5.5%, to 70.2, the lowest index reading in 23 years
Residents were taken aback when GoBanking.com recently categorized the luxury haven as a 'suburb.' Local agents agree that Palm Beach is 'a category by itself'
Some luxury markets, especially in dense, pricey coastal cities, have seen little price growth since the pandemic because residents fled those places once they had the option to work remotely
Pending home sales declined 7% year over year in February, according to the NAR. However, a slight uptick in monthly inventory and contract signing trends provide hope for a market rebound
The Pending Home Sales Index dipped 7.1% to a measure of 71.8 between July and August, according to data from the National Association of Realtors
The Tesla CEO just predicted a coming collapse in the housing market, but Redfin CEO Glenn Kelman and other experts say the conditions that would lead to a meltdown just aren't there
The migration trends that drove housing demand during the pandemic are ending. But that doesn't mean people aren't moving, according to an Inman analysis of historic data
This spring won't be easy for homebuyers and their agents, but history is full of examples in which the supply of homes went down, but sales kept chugging along, according to an Inman analysis
Past periods of high inflation and high rates — be it in 1979, 1980 or 1990 — have caused the housing market to stall. But they also didn't crush it forever, according to an Inman analysis
The Pending Home Sales Index jumped 8.1% to a reading of 82.5 in January before mortgage rates began another climb, according to data released Monday by the National Association of Realtors
Sales of new homes in June were at a seasonally adjusted rate of 590,000, 8% below the May rate of 642,000, and 17.4% lower than in June 2021, according to new data from the US Census Bureau