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Home Sales Slip in Virginia

Home Sales Slip in Virginia

by Phil Hall | Jul 24, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 10,018 homes were sold in Virginia during June, which was 974 fewer than June of last year. According to Virginia Realtors, this marked both an 8.9% slowdown and the second month in 2024 where sales activity trailed 2023 levels. However, during the first...
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...
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