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New Single-Family Homes Sales Up in September

New Single-Family Homes Sales Up in September

by Phil Hall | Oct 24, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Sales of new single-family houses in September were at a seasonally adjusted annual rate of 738,000, according to estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 4.1% above the revised August rate of 709,000...
New Survey Finds 4 Out of 5 Respondents Support Rent Caps

New Survey Finds 4 Out of 5 Respondents Support Rent Caps

by Phil Hall | Oct 24, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Biden-Harris proposal for rent caps seems to be resonating, as a new survey from Redfin (NASDAQ:RDFN) found nearly four of every five respondents agreeing there should be caps on the amount landlords are allowed to increase rent. The survey was conducted by Ipsos...
Report: Nearly Half of Mortgaged Homeowners Are Equity-Rich

Report: Nearly Half of Mortgaged Homeowners Are Equity-Rich

by Phil Hall | Oct 24, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly half (48.3%) of mortgaged residential properties were considered equity-rich in the third quarter, according to new data report from ATTOM. This is down from the recent peak of 49.2% in the second quarter but also up from 47.4% from one year earlier....
Florida Home Sales Dip While Prices Hold Steady

Florida Home Sales Dip While Prices Hold Steady

by Phil Hall | Oct 23, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Closed sales of existing single-family homes in Florida totaled 18,721, down 12.3% year-over-year, while existing condo-townhouse sales totaled 6,655, down 20.7% year-over-year, according to data from Florida Realtors. The statewide median sales price for...
New York State Median Home Prices Up for 13th Straight Month

New York State Median Home Prices Up for 13th Straight Month

by Phil Hall | Oct 23, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Median home prices rose across New York State for the 13th consecutive month as sales of existing homes continued to decline. According to data from the New York State Association of Realtors, median home prices were $420,000, up 8.4% from $387,000 one year ago....
Connecticut Home Sales Drop in Q3 as Prices Rise

Connecticut Home Sales Drop in Q3 as Prices Rise

by Phil Hall | Oct 23, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Connecticut’s home sales were down in the third quarter while median sales prices were on the rise, according to new data from SmartMLS, the state’s multiple listing service for residential real estate. During the third quarter, Connecticut recorded 9,871 total sales,...
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