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California Home Sales Edged Lower in June

California Home Sales Edged Lower in June

by Phil Hall | Jul 17, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

California’s closed escrow sales of existing, single-family detached homes totaled a seasonally adjusted annualized rate of 270,200 in June, according to data from the California Association of Realtors (CAR). This represented a 0.8% drop from the revised 272,410...
Zillow: Price Cuts on One-in-Four Listings in June

Zillow: Price Cuts on One-in-Four Listings in June

by Phil Hall | Jul 16, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly one-quarter of listings (24.5%) received a price cut during June, according to new data from Zillow (NASDAQ:Z, ZG). Last month’s share marked the highest rate at this time of year since Zillow began tracking this data in 2018. Zillow also noted that home value...
Redfin: Median Home Sale Price Hits Record High for Ninth Straight Week

Redfin: Median Home Sale Price Hits Record High for Ninth Straight Week

by Phil Hall | Jul 11, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median home sale price broke a record for the ninth consecutive week, reaching a level of $397,482 during the four weeks ending July 7, according to new data from Redfin (NASDAQ:RDFN). This represents a 4.7% year-over-year spike and the biggest increase in over...
Toronto Home Sales and Prices Down in June

Toronto Home Sales and Prices Down in June

by Phil Hall | Jul 5, 2024 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

Home sales and prices in the Greater Toronto Area (GTA) were down year-over-year in June, according to new data from the Toronto Regional Real Estate Board (TRREB). A total of 6,213 home sales were sold through TRREB’s MLS System in last month, down 16.4% compared to...
CoreLogic: Home Price Gains Just Under 5% in May

CoreLogic: Home Price Gains Just Under 5% in May

by Phil Hall | Jul 2, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home prices posted a 4.9% year-over-year gain in May, according to new data from CoreLogic. While this was the lowest rate of appreciation since last October, it also represented the 148th consecutive month of annual growth. On a monthly basis, gains were up by 0.6%....
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