Source: The World Property Journal — First National Median Home Price Decline In The U.S. In 11 Years According to the National Association of Realtors, U.S. existing-home sales reversed a 12-month slide in February 2023, registering the largest monthly...
Source: World Property Journal — Greater Miami area total residential sales decreased 39.9% year-over-year in February 2023, from 2,814 transactions to 1,692, says the Miami Association of Realtors. Breaking down Miami area sales data further, Miami area condo...
This week’s news that the Fed is modestly hiking interest rates and may pause them sooner than anticipated brought mortgage rates down for the second week in a row, according to a new report from Redfin, the technology-based real estate brokerage. Overall, the...
Single men have been historically more likely than single women to own a home, but that gap narrowed sharply in recent years, nearly closing in 2021. However, a new Zillow analysis shows that it widened again last year, highlighting single women’s homebuying...
The City of Los Angeles will begin charging a ‘Mansion Tax’ on commercial and residential real estate transactions over $5 million effective April 1, 2023. The existing documentary transfer taxes in Los Angeles will not be repealed or altered by the mansion tax....
Source: CNN Business — New home sales rose in February, climbing for the third month in a row as mortgage rates eased off their highs of the past year and buyers looked to new construction amid historically low inventory of existing homes for sale. Sales of...
Hits and Misses for the Real Estate Week of June 15-19
