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California Median Home Prices Soar Past $900K Level to New Record High

California Median Home Prices Soar Past $900K Level to New Record High

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

California’s median home price reached a new all-time high at $904,210 in April, up 11.4% from $811,510 one year earlier and up 5.8% from March’s $854,490. According to the California Association of Realtors (CAR), this is the first time the median home price...
NY Fed: Americans Expect Home Prices to Keep Rising

NY Fed: Americans Expect Home Prices to Keep Rising

by Phil Hall | May 13, 2024 | Current News & Events, Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

Americans are bracing for higher home prices, according to the April 2024 Survey of Consumer Expectations published by the Federal Reserve Bank of New York’s Center for Microeconomic Data. In the latest report, median home price growth expectations increased to 3.3%...
Median Monthly Housing Costs at New Record High

Median Monthly Housing Costs at New Record High

by Phil Hall | May 9, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median U.S. monthly housing payment set a record high at $2,894 during the four weeks ending May 5, up 14% from one year earlier, according to new data from Redfin (NASDAQ:RDFN). During this period, Redfin reported the median sale price reached $384,721, up 4.5%...
Las Vegas Home Sales Take a Sharp Upswing

Las Vegas Home Sales Take a Sharp Upswing

by Phil Hall | May 8, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nevada’s gambling mecca recorded the sales of 2,960 existing local homes, condominiums and townhomes in April, according to new data from Las Vegas Realtors. Compared to one year ago, this represents an increase of 19.2% for homes and 16.1% for condos and...
More Than 90% of Metros Scored Q1 Home Price Gains

More Than 90% of Metros Scored Q1 Home Price Gains

by Phil Hall | May 8, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

More than 90% of metro markets posted home price gains during the first quarter, according to the National Association of Realtors (NAR). Home price increased were recorded in 205 of the 221 markets (93%) tracked by NAR and 30% of the tracked metros experienced...
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