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Winter Weather Dampens Home Sales, Maintains High Prices
Inclement winter weather is impacting the real estate market nationwide, as highlighted in a recent report by Redfin. Despite a steady 5% increase in the median U.S. home-sale price in the first four weeks of January, along with rising asking prices, severe winter conditions have contributed to a decline in pending home sales by over […]
Housing Market: Best to Avoid Home Purchases in These 4 Cities
In the quest for affordable housing amid rising home prices, especially for prospective buyers in California, it becomes crucial to identify cities where housing costs are more reasonable. In January 2024, CBS presented significant findings from CoreLogic, a real estate firm, highlighting 20 U.S. cities poised for residential real estate price gains, with Redding, a […]
Pending Home Sales Surge After 3 Years, Yet Historic Lows Persist
In December, pending home sales in the United States, a key metric reflecting contract signings for existing homes, experienced a notable rebound. The index for pending home sales surged by just over 8% to reach 77.3, as reported by the National Association of Realtors (NAR) on Friday. This month-over-month increase marked the most substantial rise […]
Florida Housing Market Insights for 2024: Trends and Predictions
According to Dave Ramsey’s research, housing prices in Florida have experienced an increase, particularly when comparing the fourth quarters of 2022 and 2023. The median sales price of a Florida home rose from $401,990 at the end of 2022 to $410,000 one year later, marking a 2% increase. Over the same period, the number of […]
Five More Brokerages Join California’s Commission Lawsuit
Northern California’s Grace lawsuit, named after its lead plaintiffs, has expanded with five additional defendants, including Vanguard Properties, Twin Oaks Real Estate, Windermere Real Estate Services Company, Rapisdara & Fox, and Realty One Group. The antitrust suit, originally filed in early December, targets the Participation Rule of the National Association of Realtors (NAR) and implicates […]
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