Redfin, Seattle, found only 2.5% of homes in the U.S.–or 25 of every 1,000–have changed hands through August 2024–the lowest level in decades.
Tag: Home Sales
ATTOM: Profits for Home Sellers Decline Again in Q1
ATTOM, Irvine, Calif., released its 2024 U.S. Home Sales report, showing profit margins on median-priced single-family home and condo sales in the United States decreased to 55.3% in the first quarter.
First American’s Odeta Kushi: Sales Activity Driven by the ‘Five Ds’ Amid Persistent Market Headwinds
The month-over-month progress is welcome news for a housing market that has struggled to gain momentum. What could be driving the uptick in sales activity?
First American’s Odeta Kushi: Sales Activity Driven by the ‘Five Ds’ Amid Persistent Market Headwinds
The month-over-month progress is welcome news for a housing market that has struggled to gain momentum. What could be driving the uptick in sales activity?
New Home Sales Grew in December
Per the U.S. Census Bureau and U.S. Department of Housing and Urban Development, sales of new single-family homes in December hit a seasonally adjusted annual rate of 664,000.
Existing Home Sales Slip in July
Existing-home sales fell 2.2% in July to a seasonally adjusted annual rate of 4.07 million, the National Association of Realtors reported Tuesday.
Existing Home Sales Slip in July
Existing-home sales fell 2.2% in July to a seasonally adjusted annual rate of 4.07 million, the National Association of Realtors reported Tuesday.
Redfin: Fewer Listings, Faster Home Sales
Redfin, Seattle, said fewer homes are selling than usual this spring—but the ones that are changing hands are going fast, with a small pool of buyers circling an even smaller pool of listings.
Redfin: Spring Home Season Off to Mixed Start
Two reports from Redfin, Seattle, suggest the spring home buying/selling season could be hamstrung by cooling home prices and a usual suspect: not enough housing inventory.
MBA Chart of the Week: New, Existing Home Sales
We are forecasting a weak start to 2023 for the housing market. Driven by a recession in the first half of the year and a continuation of the trends outlined above, we expect a 13% drop in existing home sales and a 4% decrease in new home sales for 2023, following 16% decreases in both segments in 2022.