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Increased Listings Drive Home Sales Surge in Pennsylvania

Increased Listings Drive Home Sales Surge in Pennsylvania

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

Home sales across Pennsylvania spiked by 23.6% from February to March, hitting 8,790 last month, according to new data from the Pennsylvania Association of Realtors (PAR). On a year-over-year basis, however, sales are down 10.5%. Home listings on the market increased...
Florida Home Sales Down While Property Prices Rise

Florida Home Sales Down While Property Prices Rise

by Phil Hall | Apr 18, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Closed sales of existing single-family homes in Florida totaled 23,435 in March, down 10.4% year-over-year, according to new data from Florida Realtors. Existing condo-townhouse sales totaled 9,332, down 16.6% over March 2023. For the first quarter of the year,...
California Home Sales Down in March

California Home Sales Down in March

by Phil Hall | Apr 18, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 267,470 in March, according to data from the California Association of Realtors (CAR). This is a 7.8% slide from the revised 290,470 homes sold...
New York State’s Housing Inventory Sinks to New Record Low

New York State’s Housing Inventory Sinks to New Record Low

by Phil Hall | Apr 18, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Housing inventory across New York State plummeted to a new record low in March, according to the housing report released today by the New York State Association of Realtors (NYSAR). The total inventory of homes across the Empire State was down 14.7% year-over-year,...
Mortgage Rates Soar Above 7%

Mortgage Rates Soar Above 7%

by Phil Hall | Apr 18, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates blew past the dreaded 7% level for the first time this year, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.10% as of April 18, up from last week when it averaged...
Existing Home Sales Drop in March

Existing Home Sales Drop in March

by Phil Hall | Apr 18, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales tanked in March, according to data from the National Association of Realtors (NAR). Last month, total existing home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – declined by 4.3% from February...
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