Redfin: Amount Buyers Must Earn to Afford Typical Starter Home Just Shy of All-Time High
Redfin, Seattle, found homebuyers need to earn $79,252 annually to afford the median-priced starter home, only about $500 below the all-time high notched in October 2023 and up 4.4% year-over-year.
NAR: Pending Home Sales Down 5.5% in July
The National Association of Realtors, Chicago, released pending home sales data, finding the metric fell 5.5% in July.
Dealmaker: Colliers Brokers Sale of Historic Oakland Building
Colliers, Toronto, brokered the sale of a historic Young Women’s Christian Association building for $22.5 million in downtown Oakland, Calif.
