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Sales Tumble, Prices Moderate in Florida’s Housing Market

Sales Tumble, Prices Moderate in Florida’s Housing Market

by Phil Hall | Jul 23, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Florida recorded 23,183 closed sales of existing single-family homes last month, down 11.1% year-over-year, while existing condo-townhouse sales totaled 8,339, down 20.5% over June 2023, according to data from Florida Realtors. In the second quarter of the year, the...
New York State Median Home Sales Price Hits Record High

New York State Median Home Sales Price Hits Record High

by Phil Hall | Jul 23, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home prices were up for the 11th consecutive month in the latest data report from the New York State Association of Realtors (NYSAR). Across the Empire State, the median sales price of homes in June was $448,000, up by 8.5% from the $413,000 price in June 2023. This...
OUCH! Existing Home Sales Sink to Six-Month Low

OUCH! Existing Home Sales Sink to Six-Month Low

by Phil Hall | Jul 23, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales plummeted to a six-month low as the median sales price soared to the highest price ever recorded for the second consecutive month, according to data from the National Association of Realtors (NAR). Last month, total existing home sales dropped by...
Housing Purchase Deals Being Canceled at Record Rate

Housing Purchase Deals Being Canceled at Record Rate

by Phil Hall | Jul 23, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The housing market has developed a massive case of cold feet as home purchase transactions are being canceled at a record rate, according to new data from Redfin (NASDAQ:RDFN). During June, Redfin recorded nearly 56,000 home-purchase agreements cancelations, equal to...
Fannie Mae: Home Price Growth to Moderate as Listings Expand

Fannie Mae: Home Price Growth to Moderate as Listings Expand

by Phil Hall | Jul 23, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Although home price growth was stronger than expected during the second quarter, prices are likely to moderate and close out 2024 and 2025 at annual rates of 6.1% and 3.0%, respectively, according to the July 2024 commentary from the Fannie Mae (OTCQB:FNMA) Economic...
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