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June Witnesses 8% Decline in U.S. Housing, Marking the Largest Drop in a Year
In June, there was an 8% decline in construction activity for new homes, as U.S. homebuilders shifted their focus from starting new single-family homes to completing existing projects. The latest data from the government on Wednesday revealed that housing starts dropped to a 1.43 million annual pace last month, down from 1.56 million in May. […]
June Home Sales Experience 14-Year Low Due to Short Supply Constraints
Sales of pre-owned homes declined by 3.3% in June compared to May, with a seasonally adjusted annualized rate of 4.16 million units, according to the National Association of Realtors. Compared to June of the previous year, sales were lower by 18.9%, marking the slowest sales pace for the month since 2009. The continuous weakness in […]
Research Indicates Over 50% of Boston Homes Exceed $1 Million in Price
According to a recent study by real estate company Point2, over half of the homes in Boston listed on the market are priced at more than $1 million. The study, released earlier this month, reveals that 53.1% of current home listings in the city exceed the $1 million mark, with 9.4% surpassing $5 million. Boston […]
Reports Indicate 10% Decline in Texas Home Sales, Resulting in Limited Choices for Prospective Buyers
The real estate market in San Antonio, Texas continues to experience a decline in sales, mainly due to high mortgage rates and the repercussions of a volatile few years in the housing industry. According to the latest data from the San Antonio Board of Realtors (SABOR), home sales in Texas have decreased by 9.7%, with […]
Median Sale Price Reaches $426K, Marking Only the Second Time in U.S. History
According to a monthly market report by Redfin, June’s median sale price reached its second-highest level ever due to dangerously-low inventory levels. Multiple inventory indicators hit record lows during the month, with a 15 percent year-over-year decline in the total number of homes for sale, the largest annual decrease in two years according to Redfin’s […]
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