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Average Property Tax on Single-Family Home Up 2.7% in 2024

Average Property Tax on Single-Family Home Up 2.7% in 2024

by Phil Hall | Apr 17, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of $357.5 billion was levied in property taxes on single-family homes in 2024, down 1.6% from 2023. However, new data from ATTOM also found the average tax on a single-family home rose to $4,172 in 2024, a 2.7% increase over the previous year. In comparison,...
Report: Homes Are Taking Longer to Sell

Report: Homes Are Taking Longer to Sell

by Phil Hall | Apr 17, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The typical home that went under contract in March was on the market for 47 days, according to new data report from Redfin (NASDAQ: RDFN). This is the longest days on the market period for any March since 2019. Redfin noted that more than one-quarter (27%) of homes...
RE/MAX: Home Sales Up 23% in March

RE/MAX: Home Sales Up 23% in March

by Phil Hall | Apr 17, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home sales in March surged by 23% from February, marking the largest month-over-month sales increase since 37.4% in March 2023, according to new data from RE/MAX LLC, a subsidiary of RE/MAX Holdings (NYSE: RMAX). On a year-over-year measurement, sales were down 1.4%....
eXp Realty Releases Advisory Form for Sellers Planning a Private Listing

eXp Realty Releases Advisory Form for Sellers Planning a Private Listing

by Phil Hall | Apr 16, 2025 | News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

eXp Realty, a subsidiary eXp World Holdings Inc. (NASDAQ: EXPI), has rolled out its open-sourced “Seller Advisory: Risks of Limited Market Exposure” form. Billed as the “first-of-its-kind resource,” the new form is being made available to every brokerage, portal, and...
Inbound Migration to Sun Belt States Waned in 2024

Inbound Migration to Sun Belt States Waned in 2024

by Phil Hall | Apr 16, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Fewer new residents were moving into Florida, Texas and other Sun Belt states during 2024, according to a new data report from Redfin (NASDAQ: RDFN). Among the region’s major metro areas, Tampa recorded a net inflow of just over 10,000 residents last year, less than...
Builder Confidence Records a Scant Uptick Amid Tariff Jitters

Builder Confidence Records a Scant Uptick Amid Tariff Jitters

by Phil Hall | Apr 16, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Builder confidence in the market for newly built single-family homes was up slightly this month, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The April HMI registered as 40, up one point from March; any number...
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