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California Home Sales Slumped in January

California Home Sales Slumped in January

by Phil Hall | Feb 19, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 254,110 in January, the lowest level in 13 months. According to data from the California Association of Realtors (CAR), last month’s total was...
New Listings in Canada Up 11%

New Listings in Canada Up 11%

by Phil Hall | Feb 18, 2025 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The number of newly listed homes on the Canadian MLS Systems in January jumped by 11% from December to January, according to data from the Canadian Real Estate Association (CREA). However, the increased quantity of available properties did not result in a sales boost...
Iowa Home Sales Up Nearly 5% in January

Iowa Home Sales Up Nearly 5% in January

by Phil Hall | Feb 17, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Iowa recorded a total of 1,870 closed sales in January, a 4.8% year-over-year increase, while new listings grew by 23.9% to 2,956 homes. According to data from Iowa Realtors, the overall active inventory of 7,524 homes on the market was up by 29.7% from the 5,807...
Report: Typical Homebuyer Pays Roughly 2% Less Than the List Price

Report: Typical Homebuyer Pays Roughly 2% Less Than the List Price

by Phil Hall | Feb 12, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The average home listing is now selling for 1.8% its asking price, the biggest discount in nearly two years, according to a new data report from Redfin (NASDAQ: RDFN). Adding insult to injury, the typical home that sells takes 56 days to go under contract, the longest...

New Report Highlights Multiple Obstacles Facing First-Time Canadian Homebuyers

by Phil Hall | Feb 12, 2025 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

First-time Canadian homebuyers are facing steep obstacles in price appreciation, rapid population growth, and a limited supply of affordable housing stock, according to the newly published RE/MAX Canada’s Nation of Renters Report. The report stated the erosion...
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