Category Archives: Home sales

Home sales plunge as mortgage rates and inflation soar

Image source: Getty Images Will house prices start to become more affordable? That’s the question many potential buyers ask, and recent data from the National Association of Realtors (NAR) may shed some light on the matter. NAR reports that while the median existing home price rose to $416,000, the percentage increase was down from the […]

Wintrust Business Luncheon 08/01/22: Declining New Home Sales, Rising Credit Card Debt and Upcoming Matrix Club Opening in Naperville | Radio WGN 720

Segment 1: Ilyce Glinkowner of Think Glink Media and Best Money Movesjoins John to talk about the amount of credit card debt people are carrying, how millennials’ net worth has increased dramatically during the pandemic, new home sales have fallen and a new survey from Lending Tree that shows how stressed parents are about going […]

China home sales plummet in July, exposing fragile market

NEWYou can now listen to Fox News articles! China’s housing market saw a sharp decline in home sales throughout July as underlying economic turmoil became more apparent. Sales fell 39.7% in July from the same period last year, marking a drop of around $77.6 billion – or 523.14 billion yuan. From June to July alone, […]

Home sales pending at lowest level since 2011. Should you sell your income properties ASAP?

Jhe housing market is showing various signs of slowing. And this is something that income property owners need to be aware of. In June, contracts signed for the purchase of existing homes fell 20% on an annual basis, according to the National Association of Realtors (NAR). This represents the slowest pace of sales since September […]

Decline in potential home sales

Potential is defined as the latent ability of something to develop into something greater in the future. Currently, the housing market is trying to find a new “post-pandemic normal” in an environment of rising interest rates, record inflation and seemingly never-ending house prices. First American financial company latest report, Potential home sale model covering June […]

Challenges ahead as home sales, mortgages and refinances continue to fall

Source: Adobe Stock. Mortgage applications fell for the third week in a row, hitting their lowest level since 2000, the Mortgage Bankers Association reported on Wednesday. Meanwhile, the National Association of Realtors reported Wednesday that the streak of declining existing home sales extended into a fifth month in June. The MBA Market Composite Index of […]

Existing home sales fall again in June as prices hit record high

Properties generally remained on the market for 14 days in June, compared to 16 days in May. Copyright 2017 The Associated Press. All rights reserved. Sales of existing homes fell for the fifth consecutive month in June, according to the National Association of Realtors. Three of the four major US regions saw lower month-over-month sales […]

San Francisco Bay Area, Southern California home sales crater, prices start to drop. California pending 40% sales collapse

The first year-over-year price declines come as California’s crazy housing market “normalizes” amid St. Moly mortgage rates. By Wolf Richter for WOLF STREET. Pending sales in California fell 40.6% in June from a year ago, according to the California Association of Realtors (CAR). Pending listings in June should turn into closed sales in July, or […]

Home sales down for the first half of 2022: “If people absolutely must not move, they are waiting to see what happens” | Company

The number of homes sold in the Baton Rouge metro in the first half was down 8.4% from the first six months of 2021 as rising interest rates caused a slowdown in activity. There were 6,529 homes sold through the end of June, according to figures released Monday by the Multiple Listings Service of the […]

Year-over-year home sales plummet across N.Va. during the first semester | news/arlington

Blame a lack of inventory, blame rising prices and interest rates, or credit the very hot home sales market at the start of 2021, but home sales in Northern Virginia’s top five jurisdictions posted a cumulative decline of 15.5% in the first six months of 2022 compared to a year before. A total of 18,372 […]

10 markets with the most canceled home sales

fizkes / Shutterstock.com Temperatures are rising, but the housing market appears to be cooling. About 60,000 people walked away from home-buying contracts in June, according to property service Redfin. That figure represents nearly 15% of homes listed for sale that month, and it’s the highest rate since the start of the COVID-19 pandemic. Here are […]

While home sales are down, why are home prices still up?

Looking at the housing market in the years 2020-2024, a risk that I identified early on was that house prices could accelerate more during this period than during the previous expansion if the channels of inventory were at historically low levels. I talked about having a 23% price growth model for the housing market in […]

Vancouver home sales in June down 35% from a year ago, 16% from May: advice

Home sales in the Greater Vancouver area last month fell about 35% from last June and 16% from May 2022 as homes remained on the market longer and interest rates rose, a announced Tuesday the real estate board of the region. The continued easing that the Real Estate Board of Greater Vancouver detected last month […]

New Home Sales Surpass Estimates, But What Does That Mean? – Housing wire

New home sales beat overall estimates and had positive revisions. How the hell did this happen? Additionally, monthly supply data has been revised down from nine months to 8.3 months for the previous report. Let me tell you, we had a lot of shocked faces in economic land this morning. First, we must never forget […]

Are we headed for a real estate crash? What Home Sales Data Reveals

New home sales rose less than expected in the United States last month, following a slump in April, according to data released today by the Census Bureau. Sales of new single-family homes in May were 10.7 percentage points higher than April’s revised total of 629,000, when new home sales plunged 16.6% month-on-month to their most […]

KB Home Joins Lennar With Earnings Pace, But Both Note Slowing Home Sales | Investor’s Business Daily

Builder Knowledge base home (KBH) on Wednesday night released second-quarter earnings and a full-year outlook that beat expectations, even as rising house prices and rising mortgage rates reduced demand for homes. X Shares of the company rose 3.7% ahead of Thursday’s open. KB Home earned $2.32 per share, above estimates of $2.04 per share. Sales […]

Fitch sees China home sales drop up to 30% this year

Customers at a Qingdao property fair in happier times for the Chinese property market (Source: Getty Images) Fitch Ratings has downgraded its 2022 forecast for China home sales to a 25-30% drop as COVID-19 lockdowns, developer failures and consumer confidence erode. consumers continue to suppress buyer demand. Sales in the world’s largest housing market have […]

Stock market Swoon pulls the rug back from luxury home sales

The June liquidation did some work on them. By Wolf Richter for WOLF STREET. Manhattan luxury real estate versus the stock market’s downward spiral in June: In the week of June 19, only 12 sales contracts were signed for condos, co-ops and townhouses with prices Asked for $4 million and above, the worst week since […]

Home sales post rare drop in May as mortgage rates rise

Home buyers face mortgage rates close to 6%. Getty Home prices rose 1.5% month-over-month in May, their lowest increase for any May in Redfin’s records, which date back to 2012, according to a new Redfin report. a technology-driven real estate brokerage firm. The housing market cooled significantly as mortgage rates hit their highest levels since […]

Fannie Mae predicts a drop in home sales and creations in 2022-2023

Price, Market equilibrium, Economy, Law of supply, Equilibrium scale According to a new report from At Fannie Mae’s Economic and Strategic Group (ESR), a combination of rising interest rates and high inflation will continue to weigh on the housing market and now forecasts market growth of 1.2% for the full year. The ESR still predicts […]

US new home sales just plunged to pandemic-era lows

Image source: Getty Images After a banner year for home prices, home sales are beginning to slow as rising mortgage rates and high home prices impact demand. Sales of new single-family homes fell at a seasonally-adjusted annual rate of 591,000 units in April, according to a report from the US Census Bureau and the Department […]

Slowing home sales could mean a return to contingencies – Orange County Register

Change is inevitable. Just as we all held our breath (sometimes literally) at the start of the pandemic waiting to see what would happen to our jobs, our children, our savings and our home values. To our surprise, home sales and values ​​jumped. And whether you hold your breath for the good times to drag […]

Lake County Association of Realtors Updates Home Sales for April 23-May 23 – Lake County Record-Bee

LAKE COUNTY—Last Month in Real Estate: Total Sales through the Multiple Listing Service in the last month: 101, compared to 117 the previous month and 68 sales the previous month. These include traditionally built ‘wooden’ houses as well as prefabricated houses on earth. There were eight sales of mobile homes in parks (compared to seven […]

New home sales fall in 2022 as prices and mortgage rates rise

Many businesses featured on Money advertise with us. The opinions are our own, but the compensation and extensive research determines where and how businesses can appear. Learn more about how we earn money. Soaring mortgage rates and high house prices finally seem to be weighing on the housing market. New home sales fell 16.6% in […]

The housing market boom is ‘over’ as new home sales implode – here’s what to expect from prices this year

Topline Sales of new homes plunged unexpectedly much more than economists expected – and for the fourth consecutive month – in April, data showed on Tuesday, adding to signs that the once-booming housing market may be due to a sudden reversal. The monthly payment required to buy a home has increased by about 50% since […]

Best Memorial Day Home Sales: Pottery Barn From $1 & Up – E! On line

We’ve independently selected these products because we love them, and we hope you do too at these prices. Shop with E! has affiliate relationships, so we may receive a commission if you purchase something through our links. Prices are correct at time of publication. Items are sold by the retailer, not by E!. Memorial Day […]

Home sales and home construction heading for slowdown, says Fannie Mae

After the biggest mortgage rate hike in 40 years, homes are now less affordable than they were at the height of the housing bubble in 2006, which is expected to lower home sales and slow the pace of growth. home construction this year, Fannie Mae economists said Thursday. In their latest economic and housing outlook, […]

As supply rises and mortgage rates rise, U.S. home sales fall to lowest since June 2020, plunge in coastal California metros

Sales at the top are strong. The bottom falls in the rest of the market. “Rising interest rates and rising house prices have lowered demand for housing.” By Wolf Richter for WOLF STREET. In the United States, sales of used homes – houses, condominiums and townhouses – fell 2.4% in April from March, based on […]

Home sales fall again as mortgage rates rise | app

Sales of previously occupied U.S. homes slowed for the third consecutive month in April as mortgage rates jumped, pushing up borrowing costs for potential buyers as home prices hit new highs. Sales of existing homes fell 2.4% last month from March to a seasonally adjusted annual rate of 5.61 million, the National Association of Realtors […]

Institutional investors have a big impact on home sales, SFR

Institutional purchases of US homes are on the rise according to data from the National Association of Realtors. Consistent with other data sources, the analysis suggests that institutional investors, reacting to macroeconomic forces, are taking a large share of existing home sales likely emphasizing lower-priced units that would otherwise be available for sale. first-time buyers […]

Austin April home sales plunge amid record home prices

The classes, which were announced by the new unaccredited university when it launched in November 2021, will be attended by 80 students who are “cultivating the habits of civil discourse”. The university said it would seek to investigate a different question each week, starting with “Who am I as an individual?” as he encourages seminar […]

Denver Home Sales Seller’s Market May 2022 Update

The latest statistics from the Colorado Association of Realtors echo much of the data from the Denver Metro Association of Realtors, which recently released all-time highs for single-detached single-family homes, measured by both average and median prices. But many real estate agents quoted in the April CAR report offer at least a glimmer of hope […]

Top 10 home sales of the week | Jax Daily Record | Jacksonville Daily Record

DUVAL $4,800,000 900 Brookwood Road, Jacksonville Type: Single-family lot Land area: 2.94 acres Purchaser: Francis R. Sanchez Revocable Trust Seller: Kennard Investors Corp. Inc. Previous sale: $1,000,000 in 2016 About the Property: The St. Johns Riverside corner lot features 305 feet of water frontage along with an adjacent canal, two docks, a boathouse and boat […]

15 cities with the most luxury home sales

EpicStockMedia / Shutterstock.com Editor’s Note: This story originally appeared on Inspection Support Network. One of the dominant economic stories since the start of the COVID-19 pandemic has been the fiercely competitive housing market. The median sale price of a home in the United States topped $400,000 for the first time in 2021 amid aggressive bids […]

Crater in Toronto new home sales, single-family home prices drop and condos rise

Greater Toronto real estate is doing some soul-searching after soaring mortgage costs. Data from Altus Group and developer group BILD GTA show new home sales soared in March. Demand fell in all segments, but so did inventory. Despite the scarcity of inventory, prices for single-family homes still saw the benchmark price drop. Single-family home prices […]

What’s next for home sales: ‘Buyers will likely see rates in the mid to high 5% range as the market evolves’ | Jax Daily Record | Jacksonville Daily Record

By Eric Spottswood | Regional Market Manager, Prosperity Home Mortgage LLC With interest rates expected to rise several times this year, what is currently happening in the mortgage industry? Rates have risen rapidly and dramatically this year, from an average of over 2.75% in November to over 5% in April. This has caused an already […]

Pending home sales down for fifth straight month

According to the last Pending Home Sales Index (PHSI) According to the National Association of Realtors (NAR), pending home sales fell 4.1% month-over-month in March, marking the fifth consecutive month of declining transactions. Year-over-year, pending home sales fell 8.2% in March, marking the tenth consecutive month of annual decline. “The decline in contract signings implies […]

Financial capacity limits pending home sales

According to the latest information from the National Association of Realtors (NAR), pending home sales fell 4.1% month over month in March, marking the fifth consecutive month of declining transactions. Year-over-year, pending home sales fell 8.2% in March, marking the tenth consecutive month of annual decline. “The decline in contract signings implies that multiple offers […]

Mortgage volume crushed by rate spikes: What it means for home sales and consumer spending

xijian/E+ via Getty Images The boom is over. And there are wider effects. Soaring mortgage rates are multiplying the effects of exploding house prices on mortgage payments, and it’s taken layer after layer of homebuyers out of the market for the last four months. And we can see that. Mortgage applications to buy a home […]

Pending home sales slip as rising mortgage rates impact affordability

What the data shows: Contract signings for existing homes fell for the fifth straight month in March, falling 1.2%. Mortgage rates rose from 3.76% at the start of the month to 4.67% at the end, pushing monthly payments on a median price home $400 higher than they would have been around the same time last […]

Cities with the highest percentage of luxury home sales | Immovable

Photo credit: Breadmaker / Shutterstock One of the dominant economic stories since the start of the COVID-19 pandemic has been the fiercely competitive housing market. The median sale price of a home in the United States topped $400,000 for the first time in 2021 amid aggressive bids and bidding wars in markets across the country. […]

Cities with the highest percentage of luxury home sales

Photo credit: Breadmaker / Shutterstock One of the dominant economic stories since the start of the COVID-19 pandemic has been the fiercely competitive housing market. The median sale price of a home in the United States topped $400,000 for the first time in 2021 amid aggressive bids and bidding wars in markets across the country. […]

US home sales up in March; Blackstone buys American Campus for $13 billion

S&P Global Market Intelligence offers our top picks of real estate news released throughout the week. The average number of home sales rose 32.2% month-over-month in March amid strong demand, according to real estate franchisor RE/MAX’s National Housing Report. The median sale price was $360,000, 4.7% higher than the $344,000 recorded in February. Of the […]

Cities with the highest percentage of luxury home sales | Immovable

Photo credit: Breadmaker / Shutterstock One of the dominant economic stories since the start of the COVID-19 pandemic has been the fiercely competitive housing market. The median sale price of a home in the United States topped $400,000 for the first time in 2021 amid aggressive bids and bidding wars in markets across the country. […]

CMHC expects home sales and price growth to remain strong, but to ease from highs

OTTAWA- The Canada Mortgage and Housing Corporation says it expects home sales and the pace of their price growth to remain strong this year, but to ease from their 2021 highs. The national housing agency says improving employment and immigration levels should be a key factor as the impact of pandemic-related restrictions continues to ease. […]

As mortgage rates start to bite, home sales fall to lowest since June 2020, supply increases for second month

But wait… I haven’t seen anything yet. The impact of today’s Holy-Moly mortgage rates won’t show up in sales data for a few months. Here’s why. By Wolf Richter for WOLF STREET. Soaring mortgage rates – the result of the Fed’s future telegraphed crackdown on inflation – should sooner or later have an impact on […]

US existing home sales fall further as house prices hit record high | Investment News

WASHINGTON (Reuters) – U.S. home sales fell to their lowest level in nearly two years in March as house prices hit a record high, and could fall further with mortgage rates reaching 5%. Wednesday’s National Association of Realtors report also showed that February’s sales decline was much steeper than initially thought. Even as home sales […]

(Bloomberg) – New home sales in China fell 29% last month, the most since July,…

(Bloomberg) – Sales of new homes in China fell 29% last month, the most since July, as the latest Covid-19 outbreak threatened to prolong a real estate crisis. Bloomberg’s Most Read A Bloomberg index that tracks shares of Chinese developers fell 0.6% on Monday morning. High-yield dollar bonds, dominated by real estate companies, halted a […]

Lake County Association of Realtors Announces Last Month’s Home Sales – Lake County Record-Bee

LAKE COUNTY—Last month in real estate: Total homes sold through the multiple listings service last month: 68. These include traditionally built homes as well as manufactured homes on land. There were 7sales of mobile homes in parks and 60 sales of bare land (lots and areas). Total percentage of homes purchased with cash: 28%; while […]

Lake County Association of Realtors Announces Last Month’s Home Sales – Lake County Record-Bee

LAKE COUNTY—Last month in real estate: Total homes sold through the multiple listings service last month: 68. These include traditionally built homes as well as manufactured homes on land. There were 7sales of mobile homes in parks and 60 sales of bare land (lots and areas). Total percentage of homes purchased with cash: 28%; while […]

Home sales fell in February. Will house prices follow?

Image source: Getty Images Lower sales figures do not automatically mean lower prices. Key points Home sales fell 7.2% in February from January. The rise in mortgage rates largely contributed to this decline. It remains to be seen whether a drop in demand will lead to lower prices. Since 2020, potential home buyers have been […]

Expected home sales decline for 4th straight month

Pending home sales fell 4.1% in February from the previous month and 5.4% from the same period last year, according to the National’s Pending Home Sales Index. Association of Realtors. Pending home sales fell in February, marking the fourth consecutive month of depressed contract signings, according to the National Association of Realtors’ Pending Home Sales […]

Mortgage rates rise and home sales are affected

Image source: Getty Images Will your ability to buy a home be affected by rising mortgage rates? Mortgage rates rose faster than expected. Today’s rates have risen significantly since the start of the year and have climbed since yesterday, in line with recent trends. See today’s average mortgage rates here. Type of mortgage Today’s interest […]

US New Home Sales Fall Further as Mortgage Rates Rise; prices push higher

A house under construction stands behind a ‘sold’ sign at a new development in York County, South Carolina, U.S., February 29, 2020. REUTERS/Lucas Jackson Join now for FREE unlimited access to Reuters.com Register Sales of new homes fell 2.0% in February; January revised down Median home prices rise 10.7% from a year ago The supply […]

New home sales fell in February as falling affordability poses a ‘tough year’ for the housing market

Topline New home sales unexpectedly fell last month to the lowest level since November, continuing a recent slowdown in the scorching housing market, but economists are not convinced the deceleration will help lower home prices This year. The average price of a new home jumped above $500,000 for the first time in February, and the […]

Why an analyst thinks home sales could drop 25% by the end of summer and credit reports will soon stop counting most medical debt

Hi, MarketWatchers. Don’t miss these top stories. If you are concerned about the markets and investments, make sure your financial advisor understands Advisors don’t necessarily appreciate clients’ money worries. Read more Husband-wife ‘crypto couple’ discuss plea deal with prosecutors in $4.5 billion bitcoin heist case: court filing Ilya Lichtenstein and Heather Morgan face up to […]

Mortgage rates soar, home sales plummet for the 7th month and suddenly here are the new listings

But that still doesn’t reflect the recent spike in mortgage rates to 4.5%. By Wolf Richter for WOLF STREET. OK, the “existing home sales” data released today by the National Association of Realtors was for February, and in February average mortgage rates were much lower than today. In mid-February, the average 30-year conforming fixed mortgage […]

Fannie Mae updates home sales drop to 4.1% after Fed hikes rates

LifestyleVisuals/Getty Images/iStockphoto Fannie Mae’s Economics and Strategy Research (ESR) Group predicts lower home sales as interest rates rise and economic growth slows, according to a press release and related comments issued by Fannie Mae on March 17. See: Millennials are asking to buy homes more often than Baby Boomers and Gen Xers in the hot […]

Crumbling concrete affects home sales in western and central Massachusetts

HOLLAND, Mass. (WWLP) — Crumbling foundations caused by pyrrhotite are impacting buyers and sellers in this boiling real estate market. 22News’ I-Team visited a house in Holland that was recently sold after testing positive for pyrrhotite. The house in Holland was built by its owner in the early 1990s. Last year the owner decided it […]

This week: Fed statement, FedEx wins, US home sales

A look at some of the major trade events and economic indicators to come this week: AN EYE ON THE FEDERATION The Federal Reserve wraps up a two-day meeting of policymakers with an economic policy and interest rate update on Wednesday. Most analysts expect Fed officials to announce the first of several expected increases in […]

Sacramento is No. 2 on the auction war list for home sales

(NEXSTAR) – The pandemic may be waning, but the real estate market is hotter than ever. As more Americans compete to own a limited number of homes, bidding wars are becoming a common part of the home buying experience. A bidding war occurs when multiple potential buyers are interested in a property, so parties bid […]

Minnesota home sales decline in February amid inventory reduction

article Dwindling inventory and rising prices pushed Minnesota closed-home sales down 12.9% from the previous February. (FOX 9) – Dwindling inventory and rising prices pushed Minnesota closed-home sales down 12.9% from the previous February. According to Minnesota Realtors, a membership organization supporting the state’s 22,000 real estate agents, new listings were down 8.5% from a […]

Turnaround Financing: Your Guide to the Best Options | door-to-door sales

Photo by Jessica Furtney on Unsplash Flipping houses can be a lucrative business, but it can also be expensive. This is due to the initial investment required to get started and the various costs associated with renovating and repairing a property. However, if you decide to flip houses for a living, the very first thing […]

Houston home sales set records as average price nears $400,000

Home prices in Houston topped last year’s highs in February as a lack of homes on the market, especially in the more affordable price ranges, continued to push buyers to increase their budgets. The median price of single-family homes rose 19.3% over the year to a record high of $328,000 in February, eclipsing the previous […]

Home sales $100,000 above rising demand amid supply, rate: Redfin

(iStock/Photo Illustration by Steven Dilakian for The Real Deal) Buyers aren’t just opening their wallets to buy homes this year — they’re also emptying their pockets and car cup holders. Nearly 6,000 homes have sold for at least $100,000 above asking price through Feb. 15, according to Redfin. The figure is well over double those […]

Home Buying Mistakes That Could Cost You | door-to-door sales

Photo by Sieuwert Otterloo on Unsplash The concept of the “American Dream” has evolved as the needs and desires of citizens have evolved. Although everyone has a different idea of ​​what a successful life looks like, buying a home is always high on the list. Owning property is more than a status symbol; it has […]

Buyer-seller stalemate leads to ‘lowest home sales since GFC fallout’ – CoreLogic

A buyer-seller stalemate led to monthly house sales in January falling to the lowest since the fallout from the global financial crisis, said Nick Goodall, head of research at CoreLogic. There were 4,113 residential property sales in the first month of the year, the lowest number in over a decade, except for April 2020 when […]

Low-cost home sales plummet in Palm Beach County, high-priced home sales climb

Douglas Elliman’s report reveals that it’s all about supply and demand… BY: STAFF REPORT | BocaNewsNow.com BOCA RATON, FL (BocaNewsNow.com) (Copyright © 2022 MetroDesk Media, LLC) – There has been a huge drop in low-cost home sales in Palm Beach County, but home sales valued at $1 million dollars or more continue to be robust. […]

Federal National Mortgage Association: Consumption and existing home sales improved in January, but headwinds for the economy and housing have intensified since then

Key points to remember: Gross Domestic Product (GDP), adjusted for inflation, rose at a seasonally adjusted annualized rate (SAR) of 7.0% in the fourth quarter of 2021, according to the second estimate from the Bureau of Economic Analysis (BEA), an increase of one tenth from the preliminary […]

New home sales fell 4.5% in January – NMP

New home sales fell in January, with analysts linking the decline to higher interest rates, the omicron COVID-19 variant and colder weather. The U.S. Census Bureau and Department of Housing and Urban Development released their monthly data on Thursday, showing that sales of new single-family homes in January were at a seasonally-adjusted annual rate of […]

Pent-up demand could support home sales as mortgage rates rise

Rising mortgage rates and house prices should mean fewer bidding wars in the months ahead, but there’s still plenty of pent-up buyer demand to support home sales this year. That’s according to the latest forecast from economists at Fannie Mae, who expect a “significant” drop in quarter-on-quarter home sales following a year-end spike that appears […]

Pending or Contingent Home Sales: What’s the Difference?

Pending or contingent home sales The difference between pending and contingent is that a pending house is under contract. There is an accepted offer, all contingencies have been met and all parties are confident that it is close to completion. There’s no law stopping you from bidding on a home listed as pending, but that’s […]

Sales of homes over $700,000 have tripled locally from 2019 to 2021

To exploreCheck how many homes in your area have sold recently To underscore this low inventory, Duncan-Hart cites a client who sold his luxury home five years ago for around $650,000 before leaving the area. Now looking to move back to the area on a budget of $850,000, they continue to fail when it comes […]

Despite the lack of supply, sales of existing homes increase by 6.7%

Homebuyers flocked to what little existing inventory there was in January, as sales of existing homes rose 6.7% from the previous month to a seasonally adjusted annual rate of 6.5 million. January sales fell 2.3% from a year earlier, although the median price of existing homes rose 15.4% annually to $350,000, according to Friday’s report […]

Knoxville sees an increase in mega-home sales

Don’t bother trying to nab one of these East Tennessee mansions for sale on the market. Most trade is done strictly by word of mouth. Knoxville, Tenn. – Knoxville isn’t the first place that comes to mind when you think of fabulous homes in a “Town & Country” setting. East Tennessee’s affordability, growing local wealth, […]

More mixed results for Forsyth home sales in opportunity areas | Local

“We really hope this will help prime the pump to create new investment and jobs for our residents.” There are 12 zones in Guilford County, as well as four in Alamance, three in Randolph, Rockingham, Surry and Wilkes, two in Davidson and one in Alleghany, Ashe, Davie, Stokes, Watauga and Yadkin. North Carolina’s list of […]

Oakland Co. home sales continue to smash records, despite seasonal decline – The Oakland Press

According to the report you read, January residential home sales in Oakland County slowed 8.8% for closed and pending sales according to RealComp, or 13.4% according to South Re/MAX -eastern Michigan. The differences, said Jeanette Schneider, president of Troy-based RE/MAX in southeastern Michigan, depend on the day the numbers are counted for each report’s month, […]

The budget misses the long-term demands of the real estate sector; Rebound in home sales: Niranjan Hiranandani

While the budget focuses on promoting infrastructure and affordable housing, the middle class has been left behind, says Niranjan Hiranandani, co-founder and managing director of the Hiranandani Group and vice president of NAREDCO. In an interview with B. businessLine, The 71-year-old Indian billionaire pointed out that institutional investors’ interest in real estate, especially new asset […]

Coca-Cola says its out-of-home sales are rising again after plunging at the start of the pandemic

But the world’s biggest soft drink maker also warned that inflation was clouding its outlook for 2022 as supply chain issues and other factors drove up costs for businesses and consumers. That concern was underscored in the Bureau of Labor Statistics’ monthly inflation snapshot on Thursday, which showed the US consumer price index rose 7.5% […]

Top 10 Most Expensive Home Sales of 2021

We’ve told you about the most expensive sales on both the South Fork and the North Fork, now let’s take a look at the biggest sales on Shelter Island in 2021. The 16,000 square foot home at 10 Lari Lane on Shelter Island overlooks Coecles Harbor.Brian Bailey for Gary DePersia/Corcoran 1) 10 Lari Lane, Shelter […]

Will the Doorsey open offers platform change home sales? It could, yes

Do you receive Agent Edge from Inman? Be sure to subscribe here for the latest real estate tech from Inman expert Craig Rowe. Doorsey is an open offer platform for buying a home. Platforms: Navigator Ideal for: All agents and home buyers Main Selling Points: Very detailed listing pages Full transparency of current offers Free […]

Hamptons home sales fell by a third in the fourth quarter

Buyers looking for property in the Hamptons ahead of summer have faced fewer options for at least 15 years, while the median sale price in the North Fork hit an all-time high, according to new data from the real estate broker Douglas Elliman and appraisal firm Miller Samuel. The median sale price fell 2.9% in […]

Landed home sales hit record $8.9 billion in 2021: Knight Frank

Credit: Samuel Isaac Chua/The Edge Singapore SINGAPORE (EDGEPROP) – According to a Knight Frank research report, $4.3 billion worth of landed houses were traded as of 2H2021 with 421 units changing hands, representing a 6.2% drop in the total value of landed houses. sales on a semi-annual basis. Nonetheless, this brings the total value of […]

New home sales rose 12% in December

Sales of new homes rose 12% last month, according to data released Wednesday by the Census Bureau and the Department of Housing and Urban Development, but fell sharply from December 2020 levels. The seasonally adjusted annualized rate of new homes sold rose to 811,000 in December from a downwardly revised rate of 725,000 in November. […]

2021 has been a ‘fantastic year’ for home sales despite low inventory and high prices: RE/MAX

The housing market in 2021 was the busiest ever, according to a new RE/MAX report, with a record number of homes being sold at a blistering pace. (iStock) According to RE/MAX’s latest National Housing Report, the past year has presented significant headwinds for homebuyers between record home prices and record housing inventory. But motivated buyers […]