NAR signals worst of downturn may be over as existing-home sales rise
Annual existing-home sales increased for the first time in more than 3 years in October, according to the National Association of Realtors. 'The worst of the downturn in home sales could be over.'
by Marian McPherson Nov 21
Easing rates expected to boost California home sales 10.5% in 2025
The California Association of Realtors expects existing single-family home sales to reach more than 300K units by the end of 2025. Active inventory is due for a 10% boost as well
by Marian McPherson Sep 30
Sellers are cutting prices at record pace to combat softening demand
Sluggish homebuyer activity has pushed sellers to slash prices at a rate unseen since November 2022, according to Redfin. The median asking price fell for the first time in 6 months to $416K
by Marian McPherson May 30
January existing sales offer mixed signals about market's future
Existing-home sales decreased 1.7% annually in January, according to the National Association of Realtors. However, sales did improve 3.1% from December
by Marian McPherson Feb 22
Home values surge to new record as median prices climb to $350K
The median US home price rose to $350,000 in the third quarter, 2% higher than the previous record set just a quarter earlier, according to new data released Thursday by Attom
by Ben Verde Oct 19
Homeseller profits increase for 1st time since Q2 2022: Attom
Record-low inventory and rebounding buyer demand led to a 3.8 percentage point increase in seller profit margins — the first since Q2 2022, according to a report from Attom
by Marian McPherson Jul 19
Florida dominates list of best markets for 1st-time homebuyers
Palm Bay, Cape Coral and Tampa top WalletHub's list of best markets for 1st-time homebuyers. But a closer look at the rankings shows buyers may sacrifice quality of life for affordability gains
by Marian McPherson Jul 18
Massive metro-to-metro home price gaps reach 13-year highs
Early-pandemic migration trends are still impacting market growth, with pandemic boomtowns' home price growth still outpacing historically expensive coastal markets
by Marian McPherson May 23
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
June home sales see largest decline since 2012: Redfin
Homes also sold at their priciest and at their quickest pace on record during June, but Redfin said that sales pace and market competition have now likely peaked for 2021
by Lillian Dickerson Jul 15
Blackstone shells out $6B to re-enter rental market
Blackstone Group Inc. has reached a deal to acquire single-family rental home company Home Partners of America Inc. for $6 billion in cash after a competitive bidding process
by Lillian Dickerson Jun 23
Nearly 90% of metros see double-digit price gains in Q4: NAR
Home price growth was widespread during the fourth quarter of 2020 as mortgage rates and inventory levels both hit record lows, according to the National Association of Realtors
by Lillian Dickerson Feb 11
$1M home searches hit record high in January: Redfin
Homes priced over $1M made up 10.8% of all saved searches on Redfin.com in January, up from 8.5% the previous year, and the highest point this figure has reached since 2017
by Lillian Dickerson Feb 10
Existing-home sales continue to rise for fifth consecutive month: NAR
Existing-home sales in October 2020 were up 4.3% from the previous month and up 26.6% from one year ago, according to a report from the National Association of Realtors
by Lillian Dickerson Nov 19
Home prices rise in opportunity zones, but lag behind nationwide gains
A report by Attom Data Solutions reveals that opportunity zones experienced a strong quarter, but gains still fell below the pace of broader metro areas across the US
by Lillian Dickerson Nov 11