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Florida Existing Home Sales Down in August

Florida Existing Home Sales Down in August

by Phil Hall | Sep 21, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Florida’s housing market recorded 22,917 closed sales of existing single-family homes in August, down 7.9% year-over year, while existing condo-townhouse sales totaled 9,279, down 7.2% from the same time one year ago, according to data from Florida Realtors. Last...
A Phil Hall Op-Ed: Existing Home Sales in 2024? Fuggedaboutit!

A Phil Hall Op-Ed: Existing Home Sales in 2024? Fuggedaboutit!

by Phil Hall | Sep 18, 2023 | A Phil Hall Op-Ed, Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Phil Hall Op-Ed: The good folks at LendingTree (NASDAQ:TREE) released a survey of homeowners regarding their ongoing or planned renovation projects for their residences. If these results are any indication, the decline of existing home sales that defined this year...
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...
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