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Home Selling Profits Down in 2024 Despite Price Gains

Home Selling Profits Down in 2024 Despite Price Gains

by Phil Hall | Jan 23, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home sellers made a $122,500 profit on typical sales nationwide in 2024, generating a 53.8% return on investment, according to new data from ATTOM. However, the profit margin on median-priced sales nationwide was down from 56.9% in 2023, the second straight annual...
New Data Finds Home Prices Still Rising While Rents Continue to Fall

New Data Finds Home Prices Still Rising While Rents Continue to Fall

by Phil Hall | Jan 21, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Two new data reports have determined home prices are continuing to rise while rental housing costs are still in decline. Redfin (NASDAQ: RDFN) reported home prices rose from one year earlier in December across all 50 of the most populous metropolitan areas – the first...
California Home Sales Up Nearly 20% Year-Over-Year

California Home Sales Up Nearly 20% Year-Over-Year

by Phil Hall | Jan 20, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

California closed 2024 with the largest year-over-year spike in home sales since June 2021, according to data released by the California Association of Realtors (CAR). Last month, California recorded a seasonally adjusted annualized rate of 268,180 closed escrow sales...
RE/MAX: December Home Sales Up 13.3% Year-Over-Year

RE/MAX: December Home Sales Up 13.3% Year-Over-Year

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

December was the eighth month of 2024 to record year-over-year home sales, according to new data from RE/MAX (NYSE: RMAX). Last month’s home sales were up 13.3% over December 2023 and were also 4.4% above the level set in November. While the number of homes for sale...
2024 Quebec Home Sales Back to Pre-Pandemic Levels

2024 Quebec Home Sales Back to Pre-Pandemic Levels

by Phil Hall | Jan 14, 2025 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Residential sales across Quebec totaled 90,369 in 2024, a 19% or 14,460 transactions year-over-year jump, according to new data from the Quebec Professional Association of Real Estate Brokers (QPAREB), adding that the transactional activity was both higher than the...
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