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NAR’s existing-home sales numbers actually saw an increase this past fall for the first time since 2021, with home sales rising 4.8 percent year-over-year in November 2024.
We are in the midst of what The New York Times has dubbed a "housing market gridlock" -- homeowners who want to sell are currently holding off due to the steep prices and mortgage rates that they...
Data from the St. Louis Fed suggests that this had a severe impact on housing inventory: New home builds had been on the rise in 2005, peaking in January 2006 with more than 2,200 housing units ...
The plunge in existing-home sales was the steepest since 1989. [citation needed] The new home market also suffered. The biggest year over year drop in median home prices since 1970 occurred in April 2007. Median prices for new homes fell 10.9 percent according to the U.S. Department of Commerce. [49]
Existing-home sales rose by 1.3 percent from June to July, but that still represents a 2.5 percent decline over July of last year, the National Association of Realtors says. The nationwide median ...
By following this process, the company is known as an "iBuyer" in the real estate industry. [29] Through this process, Opendoor carries an inventory of homes. In 2019, the company reported that the average time a property is held by the company is 90 days. [6] The company has considered renting properties to make use of excess inventory. [30]
It was hailed as an “earthquake” for how homes would be bought and sold in America, and a shift that would unleash “total confusion” in the real estate industry. But as the first spring ...
A multiple listing service (MLS, also multiple listing system or multiple listings service) is an organization with a suite of services that real estate brokers use to establish contractual offers of cooperation and compensation (among brokers) and accumulate and disseminate information to enable appraisals.