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California Records First Year-Over-Year Uptick in Existing-Home Sales in 31 Months

California Records First Year-Over-Year Uptick in Existing-Home Sales in 31 Months

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

California existing home sales reached their highest level in six months during January, according to new data from the California Association of Realtors (CAR). Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted...
86% of Metro Areas Posted Home Price Gains in Q4 2023

86% of Metro Areas Posted Home Price Gains in Q4 2023

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

The prices on single-family existing home sales during the fourth quarter of 2023 were up in 86% of the nation’s metro markets, according to new data from the National Association of Realtors (NAR), which noted that 15% of the 221 tracked metro areas experienced...
Luxury Home Prices Hit Record Peak

Luxury Home Prices Hit Record Peak

by Phil Hall | Jan 31, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The typical U.S. luxury home sold for a record $1.17 million during the fourth quarter of 2023, according to new data from Redfin (NASDAQ:RDFN), an 8.8% year-over-year increase. In comparison, prices of non-luxury homes increased at half the pace, rising 4.6%...
S&P Case-Shiller: Home Prices Up, But Deceleration is Taking Root

S&P Case-Shiller: Home Prices Up, But Deceleration is Taking Root

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

Home prices were up in November, according to the latest S&P CoreLogic Case-Shiller Index data report, although there was growing evidence of a price deceleration in several major markets. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index,...
Sellers Reaped Smaller Profits and ROI for 2023 Home Sales

Sellers Reaped Smaller Profits and ROI for 2023 Home Sales

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

Home sellers made a $121,000 profit and a 56.5% return on investment (ROI) for the typical sale in 2023, according to data from ATTOM. Last year’s figures were down from the $122,600 profit and 59.8% ROI recorded in 2022 – the first decline in either category since...
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