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New Report Finds Typical Households Still Cannot Afford Median-Priced Homes

New Report Finds Typical Households Still Cannot Afford Median-Priced Homes

by Phil Hall | Mar 26, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The typical U.S. household is still unable to afford a median-priced home, although some progress has been made. According to new data from Redfin (NASDAQ:RDFN) that analyzed the February housing market, buyers needed to earn an annual income of $113,520 to afford the...
Case-Shiller and FHFA Data Points to Still-Rising Home Prices

Case-Shiller and FHFA Data Points to Still-Rising Home Prices

by Phil Hall | Mar 26, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Two new housing data reports affirmed home pricing began 2024 on the rise. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 6.0% annual gain in January, up from a 5.6% rise in the previous month. The 10-City Composite showed an increase...
More Listings, Higher Prices in Florida’s Housing Market

More Listings, Higher Prices in Florida’s Housing Market

by Phil Hall | Mar 25, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Florida’s housing market recorded an increase in listings and higher median prices during February, according to new data from Florida Realtors. Closed sales of single-family homes statewide last month totaled 19,040, up 2.2% from one year earlier, while existing...
Home Prices and Sales Up in Pennsylvania

Home Prices and Sales Up in Pennsylvania

by Phil Hall | Mar 22, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median home sales price in Pennsylvania hit $205,235 in February, up 3.7% from one year ago. According to the Pennsylvania Association of Realtors (PAR), February’s price is also up 3.5% from January 2024. February’s home sales totaled 6,934, up from January’s...
California Home Sales Up 12.8%

California Home Sales Up 12.8%

by Phil Hall | Mar 19, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 290,020 in February, according to new data from the California Association of Realtors (CAR). This represented a 12.8% increase from the...
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