Author Archives: Ben Verde

Real estate investors scooped up record number of homes this spring

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Investor purchases made up 9.5 percent of home purchases nationally in April, modestly below a February 2022 peak of 9.7 percent and an increase of 64 percent from 2019 levels, according to data from Realtor.com. Continue reading →

‘Overvalued’ Western markets see biggest share of price reductions

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Despite national growth in sale prices, these markets that saw spikes in popularity and price over the past two years are starting to see the most price reductions, data shows.  Continue reading →

Pending home sales take nosedive in June, signaling a bleak August

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Pending home sales dropped 8.6 percent in June, suggesting a drop in home closings just around the corner, according to figures released Wednesday by the National Association of Realtors. Continue reading →

The typical home is lingering on the market a little longer than last year

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U.S. homes, on average, spent 19 days on the market during the four weeks ending July 17, a full day longer than the same period in 2021, according to data released Thursday by Redfin. Continue reading →

Most Americans think now is the time to buy homes. Here’s their logic

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Out of 1,000 homeowners and 1,000 renters participating, 56 percent or six of every 10 Americans think “right now” is a great time to buy a home, according to OnePoll on behalf of mortgage lender Lower. Continue reading →

Home sales fall for 5th month as median prices hit record high

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Sales of existing homes ticked down 5.4 percent between May and June, falling 14.2 percent from a year ago, as median prices rose to $416,000, according to the National Association of Realtors. Continue reading →