Tagged: Home Sales

Ramifications of NAR settlement to strain profits for lean-margin real estate brokerages

San Jose and Las Vegas home to 27% year-over-year growth in investor purchases

The 54,300 existing homes international clients bought from April 2023 to March 2024 is 36% fewer annually.

Despite subdued investor activity, rising sentiment presages a broader return to the market as it softens.

However, this is the first July since 2020 that the typical home sold below asking price.

Year-over-year increases show the housing market continues to slowly shift in favor of buyers.

The year-over-year decline was most pronounced in the South and Northeast, where sales fell 5.1% and 4% respectively.

Only two months in past decade saw fewer home sales, Redfin reports

Zillow reports 80% of recent sellers were influenced by life events, not rates or financial conditions.

Prices jumped from 7% to 21% in all six counties