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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...

California’s Home Sales Remain Near 16-Year Low

by Phil Hall | Jan 18, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

California’s home sales during December remained near the 16-year low reached in November while sales for the full-year 2023 experienced the steepest drop since 2007, according to data from the California Association of Realtors (CAR). Closed escrow sales of existing,...
Pennsylvania Home Sales Down 7.2% From Last Year

Pennsylvania Home Sales Down 7.2% From Last Year

by Phil Hall | Jan 18, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The number of home sales in Pennsylvania during December totaled 8,966, down from 9,130 in November and down 7.2% from 2022, according to new data from the Pennsylvania Association of Realtors (PAR), which also noted sales were down 25% compared to 2020. The Keystone...
Case-Shiller: Home Prices ‘Accelerated’ in October

Case-Shiller: Home Prices ‘Accelerated’ in October

by Phil Hall | Dec 26, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home prices soared in the latest data S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which reported a 4.8% annual change in October, up from a 4% change in the previous month. The 10-City Composite showed an increase of 5.7%, up from a 4.8%...
Study: Mobile Home Values Increased More Than Site-Built Single-Family Homes

Study: Mobile Home Values Increased More Than Site-Built Single-Family Homes

by Phil Hall | Dec 5, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

While mobile homes are traditionally less expensive than site-built single-family housing, new data from LendingTree (NASDAQ:TREE) has determined the prices of mobile housing has spiked higher. The average sales price of new mobile homes sold in the U.S. rose by 77.1%...
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