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Alabama Home Sales Up, Reversing Three-Month Decline

Alabama Home Sales Up, Reversing Three-Month Decline

by Phil Hall | Dec 20, 2024 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Alabama recorded 5,168 home sales during November, a 5.9% upswing from October and the first increase after three consecutive months in decline. However, the Alabama Association of Realtors also reported sales were down 2.5% from one year earlier. The state recorded...
New York State Housing Inventory at 8-Month Low

New York State Housing Inventory at 8-Month Low

by Phil Hall | Dec 20, 2024 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Two words for buyers looking for homes in New York State: good luck! According to data from the New York State Association of Realtors, the inventory of homes for sale across the state dropped to the lowest point since March – only 26,152 units were available last...
Wisconsin Home Sales Inched Up in November

Wisconsin Home Sales Inched Up in November

by Phil Hall | Dec 20, 2024 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Wisconsin’s existing home sales inched up 1.7% year-over-year in November, with 5,508 transactions last month compared to 5,447 one year earlier. On a year-to-date basis, home sales were up 4.1% compared to the January-through-November period in 2023 According to data...
Existing Home Sales Up in November

Existing Home Sales Up in November

by Phil Hall | Dec 19, 2024 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales were on the rise in November, according to new data from the National Association of Realtors (NAR). Last month, total existing home sales were up 4.8% from October to a seasonally adjusted annual rate of 4.15 million in November. On a...
Mortgage Rates Rise Ahead of Christmas

Mortgage Rates Rise Ahead of Christmas

by Phil Hall | Dec 19, 2024 | Market Snapshot, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates shot up again in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.72% as of Dec. 19, up from last week when it averaged 6.60%. A year ago at this time, it averaged 6.67%. The...
Florida Home Sales and Prices Decline

Florida Home Sales and Prices Decline

by Phil Hall | Dec 19, 2024 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Closed sales of existing single-family homes across Florida totaled 17,095 in November, down 3.5% year-over-year, while existing condo-townhouse sales in the Sunshine State totaled 6,002, down 15.6% year-over-year. According to data from Florida Realtors, the...
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