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Survey Finds High Housing Costs Eroding Americans’ Confidence in Economy

Survey Finds High Housing Costs Eroding Americans’ Confidence in Economy

by Phil Hall | Jun 6, 2024 | Current News & Events, Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new national poll commissioned by Nationwide found more than three-quarters of respondents (78%) rating the economy as poor or fair, with half of the respondents citing high housing costs for their pessimism. Nearly two-thirds (64%) of the respondents in...
Vancouver Home Sales Slump Despite Spike in Inventory

Vancouver Home Sales Slump Despite Spike in Inventory

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

Residential sales in the Vancouver metro market totaled 2,733 in May, a 19.9% decline from the 3,411 sales recorded one year earlier. According to data from Greater Vancouver Realtors, last month’s sales total was also 19.6% below the 10-year seasonal average for May...

CoreLogic: Home Price Appreciation is Cooling

by Phil Hall | Jun 4, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Annual home price appreciation during April was 5.3%, unchanged from March, according to new data from CoreLogic. On a month-over-month basis, home prices increased by 1.1%. All of the states recorded year-over-year home price appreciation, led by New Hampshire (up by...
Redfin: More Home Sellers Cutting Their Asking Prices

Redfin: More Home Sellers Cutting Their Asking Prices

by Phil Hall | May 30, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New data from Redfin (NASDAQ:RDFN) found 6.4% of home sellers cut their asking price during the four weeks ending May 26, the highest share since November 2022. The median asking price was slashed by roughly $3,000 to $416,623 in the last week, the first decline in...
Maine Home Sales Up 17.5%

Maine Home Sales Up 17.5%

by Phil Hall | May 29, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Maine homebuyers took advantage of a rise in listings, driving up home sales despite elevated prices. According to new data from the Maine Association of Realtors, a total of 933 single-family homes were sold last month, up 17.5% from the 794 sold in April 2023. The...
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