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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...
Homeowners Staying Longer in Their Houses

Homeowners Staying Longer in Their Houses

by Phil Hall | Feb 14, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Prospective buyers in the market for an existing home are finding themselves in an environment where more homeowners are not eager to move out. The typical U.S. homeowner has spent 11.9 years in their home, up from 6.5 years two decades ago, according to new data from...
Canadian Home Sales Up in January

Canadian Home Sales Up in January

by Phil Hall | Feb 14, 2024 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

Home sales activity recorded over Canadian MLS Systems in January was up by 3.7% from the previous month, according to the latest data from the Canadian Real Estate Association (CREA). The actual (not seasonally adjusted) monthly activity came in 22% above January...
Housing Inventory Up for Third Straight Month

Housing Inventory Up for Third Straight Month

by Phil Hall | Feb 1, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The number of homes actively for sale during January increased by 7.9% from one year earlier, according to data from Realtor.com, which added median listing prices recorded a growth of 1.4% compared to the same time last year. In January, more than half of the 50...
Single-Family Home Sales, Buyer Affordability Ticked Up in December

Single-Family Home Sales, Buyer Affordability Ticked Up in December

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

Sales of new single‐family houses in December were at a seasonally adjusted annual rate of 664,000, according to estimates from the U.S. Census Bureau and the Department of Housing and Urban Development. This is 8% above the revised November rate of 615,000 and is...
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