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Foreign Buyers Purchasing Fewer (But More Expensive) US Existing Homes

Foreign Buyers Purchasing Fewer (But More Expensive) US Existing Homes

by Phil Hall | Jul 17, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Foreign buyers purchased $42 billion worth of US existing homes between April 2023 and March 2024, according to new data from the National Association of Realtors (NAR). This represented a 21.2% from the prior 12-month period. Foreign buyers purchased 54,300...
Century Communities Revives Online Homebuying Sales Event

Century Communities Revives Online Homebuying Sales Event

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

The homebuilder Century Communities Inc. (NYSE:CCS) has announced the return of its Purple Tag Sales Event. The sales event encourages buyer to do their home shopping online at CenturyCommunities.com. Buyers can click the “Buy Now” on any available home,...
Redfin: Median Home Sale Price Hits Record High for Ninth Straight Week

Redfin: Median Home Sale Price Hits Record High for Ninth Straight Week

by Phil Hall | Jul 11, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median home sale price broke a record for the ninth consecutive week, reaching a level of $397,482 during the four weeks ending July 7, according to new data from Redfin (NASDAQ:RDFN). This represents a 4.7% year-over-year spike and the biggest increase in over...
Survey: Most Gen Zers Believe They’ll Never Own a Home

Survey: Most Gen Zers Believe They’ll Never Own a Home

by Phil Hall | Jul 9, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The majority of Gen Zers believe they will never be able to become homeowners, according to a new survey published by Clever Real Estate. In a nationwide poll of 1,000 Gen Zers, 60% of respondents were worried that will never own a home, while 18% believed they can...
Inventory Levels Up 36.7% from Last Year

Inventory Levels Up 36.7% from Last Year

by Phil Hall | Jul 9, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The number of homes actively for sale in June increased by 36.7% from one year earlier, according to new data from Realtor.com. This represents the eighth consecutive month of year-over-year listings increases. All four regions recorded year-over-year inventory...
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