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Existing Home Sales Down 16.6% From Last Year

Existing Home Sales Down 16.6% From Last Year

by Phil Hall | Aug 22, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales were in retreat last month, according to new data from the National Association of Realtors (NAR). During July, completed transactions were down 2.2% from June to a seasonally adjusted annual rate of 4.07 million. On a year-over-year measurement,...
Foreign Buyers Acquiring Fewer US Existing Homes, But Paying More for Them

Foreign Buyers Acquiring Fewer US Existing Homes, But Paying More for Them

by Phil Hall | Aug 1, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Foreign buyers purchased $53.3 billion worth of U.S. existing homes during the period from April 2022 through March 2023, according to new data from the National Association of Realtors (NAR). This represented a 9.6% decline from the 12-month period one year earlier....
A Phil Hall Op-Ed: Should Biden Pay Homeowners to Sell Their Properties?

A Phil Hall Op-Ed: Should Biden Pay Homeowners to Sell Their Properties?

by Phil Hall | Jul 31, 2023 | A Phil Hall Op-Ed, Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Phil Hall Op-Ed: One of the major stumbling blocks in today’s housing market is the abnormally low inventory of existing homes listed for sale. The absence of these properties is hardly mysterious – why would anyone voluntarily move out of a secure residence and go...
NAR: Existing Home Sales Down in June

NAR: Existing Home Sales Down in June

by Phil Hall | Jul 20, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales fell 3.3% from May to June, reaching a seasonally adjusted annual rate of 4.16 million, according to data from the National Association of Realtors (NAR). On a year-over-year measurement, sales slid 18.9% from 5.13 million in June 2022. The median...
Unenchanted April: Existing Home Sales Down Last Month

Unenchanted April: Existing Home Sales Down Last Month

by Phil Hall | May 18, 2023 | Current News & 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...
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