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Maryland Records First Year-Over-Year Spike in Monthly Home Sales in Nearly 3 Years

Maryland Records First Year-Over-Year Spike in Monthly Home Sales in Nearly 3 Years

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

Maryland recorded 5,839 home sales in April, a 2.4% increase from 5,704 units one year earlier and the first year-over-year increase since August 2021, according to new data from Maryland Realtors. The total number of units pending grew 9% to 7,112 units. However,...
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...
NAR Chief Economist Predicts Falling Rates, More Existing Home Sales

NAR Chief Economist Predicts Falling Rates, More Existing Home Sales

by Phil Hall | May 7, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

National Association of Realtors (NAR) Chief Economist Lawrence Yun is predicting interest rates will fall in the long term, while existing home sales will rise to 4.46 million this year (up 9% from 4.09 million in 2023) and to 5.05 million next year (up 13.2% from...
Toronto Home Sales Down Despite Spike in New Listings

Toronto Home Sales Down Despite Spike in New Listings

by Phil Hall | May 3, 2024 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

The Greater Toronto Area recorded 7,114 home sales during April, down 5% from last year, according to the Toronto Regional Real Estate Board (TRREB). This occurred while new listings were up 47.2% year-over-year. “Many homeowners are anticipating an increase in demand...
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