Existing-home sales edged up in July, as increasing inventory and improving affordability pushed more homebuyers into the market. The sale of single-family, townhomes, condominiums, and co-ops increased 2 percent month-over-month and 0.8 percent year-o… Continue reading
The slight monthly boost comes as builders continue to face cooled buyer demand in response to elevated mortgage rates and high home prices. Housing starts and completions are not on track to meet national inventory needs this year with builder sentime… Continue reading
Luxury prices in the region have continued to rise, as have sales in select hot markets, while the market at large is simultaneously seeing a contraction in prices. Continue reading
Despite ample inventory and more affordable prices, seasonally adjusted new residential sales dropped 6.6 percent annually. Experts attributed the drop to mortgage rates as the primary cause. Continue reading
While home purchases by investors rose 2 percent annually in the first quarter — to 46,726 transactions — condo sales declined by 3 percent, to just 8,509 units, according to data released Wednesday by Redfin. Continue reading
Existing-home sales continued to fall in April, down 0.5 percent from March to a seasonally adjusted rate of 4 million last month, according to data released Thursday by the National Association of Realtors. Continue reading
According to a new Redfin report, an overwhelming 68.4 percent of condos sold below their asking price — the highest share in five years. That’s a jump from 63.3 percent last year, signaling a cooling condo market. Continue reading
Luxury home sales have taken off since Donald Trump’s re-election, and Palm Beach, Florida, home to his Mar-a-Lago resort, is at the center of the boom, Mansion Global reported Thursday. Continue reading
As wildfires rage across California, destroying over 9,000 homes and displacing thousands of residents, accessory dwelling units (ADUs) have emerged as a critical housing solution five years after being approved in Los Angeles. ADUs, also known as gran… Continue reading
Blanket is property management software that centers on portfolio growth rather than reactive, day-to-day oversight of rental properties. It can do the latter, but the former makes it a unique entry to the market worth consideration for anyone who want… Continue reading