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Median US Home Price Dips to $371K

Median US Home Price Dips to $371K

by Phil Hall | May 19, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median U.S. home price was $371,875 at the conclusion of the four-week period ending May 14, according to data from Redfin (NASDAQ:RDFN). That represents a 2.7% drop, the smallest decline in over a month. The median asking price of newly listed homes was $398,429,...
California’s Median Home Price Back Above $800K

California’s Median Home Price Back Above $800K

by Phil Hall | May 19, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The California statewide median home price climbed above the $800,000 level for the first time in six months during April, according to data from the California Association of Realtors (CAR). Last month’s $815,340 median home price was up by 3% from March’s...
Survey: Apartment Hunters Place More Emphasis on Their Dogs’ Needs Than Themselves

Survey: Apartment Hunters Place More Emphasis on Their Dogs’ Needs Than Themselves

by Phil Hall | May 19, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

When dog owners are looking for a new apartment, they are less concerned about their needs and more focused on whether their potential residence will accommodate their four-legged companions. According to a survey by Cortland, the multifamily...
Home Sales Continue to Plummet in New York State

Home Sales Continue to Plummet in New York State

by Phil Hall | May 19, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Closed home sales in New York State fell by 29.6% year-over-year in April, according to new data from the New York State Association of Realtors (NYSAR). April’s 6,944 completed transactions paled in comparison to the 9,857 closed sales in April 2022. Pending sales...
Unenchanted April: Existing Home Sales Down Last Month

Unenchanted April: Existing Home Sales Down Last Month

by Phil Hall | May 18, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Fewer existing homes were sold last month, according to new data from the National Association of Realtors (NAR). Total existing home sales – which encompass single-family homes, townhomes, condominiums and co-ops – were down by 3.4% from March to a seasonally...
US Rental Market Growth Slows to Near-Stagnation

US Rental Market Growth Slows to Near-Stagnation

by Phil Hall | May 18, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. rental market experienced single-digit growth for the ninth consecutive month in April, according to new data from Realtor.com. Last month saw the slowest growth rate since the beginning of the pandemic. Realtor.com reported that the median rent across the...
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