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Sales Flat, Prices Up in California’s Housing Market

Sales Flat, Prices Up in California’s Housing Market

by Phil Hall | Nov 20, 2023 | 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 241,770 in October, according to new data from the California Association of Realtors (CAR). This is up by a mild 0.3% from the 240,940...
RE/MAX: Home Sales Down While Inventory Grows

RE/MAX: Home Sales Down While Inventory Grows

by Phil Hall | Nov 17, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

October’s home sales were down 4.6% from September and down 8.7% from one year earlier, according to new data from RE/MAX (NASDAQ:RMAX). Last month’s median sales price of $410,000 held steady from the prior month and was 2.8% above the October 2022 level. Homes sold...
More Than 80% of Metro Markets Saw Q3 Home Price Gains

More Than 80% of Metro Markets Saw Q3 Home Price Gains

by Phil Hall | Nov 9, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

More than 80% of the major U.S. metro markets, or 182 out of 221, posted home price gains in the third quarter, according to data from the National Association of Realtors (NAR), which noted that 11% of the tracked metro areas registered double-digit price increases...
CoreLogic: Home Prices Up 4.5% in September

CoreLogic: Home Prices Up 4.5% in September

by Phil Hall | Nov 7, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Single-family home prices rose recorded a 4.5% year-over-year in September, the largest annual gain since February, according to new data from CoreLogic. The Northeast led the country with the strongest appreciation level, with Maine experiencing a 10.1% annual...
Nearly 7% of Homes for Sale Posted a Price Drop

Nearly 7% of Homes for Sale Posted a Price Drop

by Phil Hall | Nov 3, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly 7% of U.S. homes listed for sale posted a price drop during the four weeks ending Oct. 29, on average, according to new data from Redfin (NASDAQ:RDFN). This percentage is the highest on record, and Redfin attributed this to elevated mortgage rates, which has...
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