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Existing-home sales dip again as median prices reach historic heights
Source: Scotsman Guide --- Existing-home sales fell for the fourth straight month in May, sliding to a two-year low as median prices topped $400,000 nationally for the first time ever, according to the National Association of Realtors (NAR). Total sales ended May at a...
More Than 40% of Home Sellers Are Dropping Their Prices in Salt Lake City, Boise, Sacramento and Other Pandemic Hot Spots
Source: Redfin --- An increasing share of home sellers are lowering their asking price as rapidly rising mortgage rates cut into buyers’ budgets and homebuying sentiment drops. Price drops are especially common in mid-sized metros in the West–particularly in Utah–many...
New Data Reports Offer Rival Views of the Rental Housing Markets
Austin and Wichita top the rankings published by Realtor.com and RentCafe, respectively. Continue Reading New Data Reports Offer Rival Views of the Rental Housing Markets
Bank of Canada Cuts Rates for Second Straight Month
“We are increasingly confident that the ingredients to bring inflation back to target are in place,” said Governor Tiff Macklem. Continue Reading Bank of Canada Cuts Rates for Second Straight Month
New Home Sales Down While More Properties Sit on the Market Longer
Nearly two-thirds of homes that were on the market in June were listed for at least 30 days without going under contract. Continue Reading New Home Sales Down While More Properties Sit on the Market Longer
La Rosa Holdings to Acquire Celebration Corporate Center
Celebration Corporate Center specializes in virtual offices, executive suites, reception services, and meeting room rentals. Continue Reading La Rosa Holdings to Acquire Celebration Corporate Center
Capital Square Acquires Wilmington-Area BFR Community
The transaction marks Capital Square’s fifth BFR offering for its Section 1031/Delaware statutory trust program. Continue Reading Capital Square Acquires Wilmington-Area BFR Community
Mortgage Application Activity Drops While Forbearance Levels Inch Up
The number of loans in forbearance increased in June for the first time since October 2022. Continue Reading Mortgage Application Activity Drops While Forbearance Levels Inch Up
Salt Lake City to Host 2034 Winter Olympics
The Utah capital hosted the event in 2002. Continue Reading Salt Lake City to Host 2034 Winter Olympics
Guest Opinion: The Potential Future of Realtor Associations
Leaders must be vigilant; continuously scanning the horizon for emerging trends and potential disruptions. Continue Reading Guest Opinion: The Potential Future of Realtor Associations
Sales Tumble, Prices Moderate in Florida’s Housing Market
In the second quarter, Florida’s single-family median sales price was $428,000, up 2.4% compared to the same quarter in 2023. Continue Reading Sales Tumble, Prices Moderate in Florida’s Housing Market
New York State Median Home Sales Price Hits Record High
As prices spiked, closed sales tumbled to 8,630 homes, down 17.4% year-over-year. Continue Reading New York State Median Home Sales Price Hits Record High
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