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Florida Home Sales Down Despite Wider Listings and Inventory

Florida Home Sales Down Despite Wider Listings and Inventory

by Phil Hall | Apr 24, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Florida recorded 23,128 closed sales of existing single-family homes during March, down 1.3% year-over-year, while existing condo-townhouse sales totaled 8,414, down 9.8% from one year earlier. According to data from Florida Realtors, the statewide median sales price...
Existing Home Sales Down by Nearly 6%

Existing Home Sales Down by Nearly 6%

by Phil Hall | Apr 24, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales sank by 5.9% from February to March to a seasonally adjusted annual rate of 4.02 million, according to data from the National Association of Realtors (NAR). Year-over-year, sales dropped by 2.4% from the 4.12 million transactions in March 2024. On...
233 Cities Have Starter Homes Priced at $1 Million

233 Cities Have Starter Homes Priced at $1 Million

by Phil Hall | Apr 24, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Half of all states have at least one city where starter homes costs begin at $1 million, according to new data from Zillow (NASDAQ: Z, ZG). Today, a starter home – defined for this analysis as being among those in the lowest third of home values in a market – is worth...
Profit Margins Down for Q1 Home Sales

Profit Margins Down for Q1 Home Sales

by Phil Hall | Apr 24, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Homeowners, on average, made a 50.2% profit selling single-family homes and condos during the first quarter, according to new data from ATTOM. This is a decline of 3.2 percentage points from the previous quarter and a drop of 4.8 percentage points from the first...
Report: South and Midwest Dominate in Homebuilding and Affordability

Report: South and Midwest Dominate in Homebuilding and Affordability

by Phil Hall | Apr 24, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The mix of housing affordability and new construction is seriously out of balance, according to a new data report from Realtor.com. Only 18 states – primarily in the Midwest and South – have median homes that are affordable to their median earner based on the 30% of...
Luxury Residential Resort Community to be Built at Lake Travis, Texas

Luxury Residential Resort Community to be Built at Lake Travis, Texas

by Phil Hall | Apr 24, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Construction is underway on the Canyon Club, a luxury residential resort community encompassing 25 private residences along Lake Travis in Spicewood, Texas. The Canyon Club will offer a mix of traditionally built five- and six-bedroom homes for sale beginning at $2.6...
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