BC home sales plummeted in July, but prices still edge upward – BC

The number of residential homes sold in British Columbia dropped precipitously from July last year, but prices still managed to edge upwards. That’s according to the latest data from the BC Real Estate Association, which reported just fewer than 5,600 home sales in July, down 42.4 per cent year over year. Despite that, the average … Read more

Four in Five Metro Areas Notched Double-Digit Price Gains

Washington, DC, Aug. 11, 2022 (GLOBE NEWSWIRE) — Key Highlights Eighty percent of metro markets – 148 of 185 – saw double-digit annual price appreciation in median single-family existing-home sales prices (70% in the previous quarter). The national median single-family existing-home price rose 14.2% annually to $413,500, surpassing $400,000 for the first time. Housing affordability … Read more

St. George real estate declines as interest rates rise

St. George • Rising interest rates and high prices have dramatically slowed but not altogether stalled home sales in southwest Utah’s Washington County, which includes the St. George metro area, the nation’s fastest-growing metro area by percentage between July 2020 and July 2021. In its attempt to rein in inflation, the Federal Reserve last week … Read more

Rising interest rates unlikely to dent growth in home sales: Developers

Homebuyers are strategizing their financial preparation for a home purchase in the wake of increased home loan interest rates TopicsReal Estate | Interest Rates home sales Rising interest rates are unlikely to compress growth in residential sales in the quarters ahead, observe property developers, fund managers, and real estate consultants. Many still believe rates are … Read more

The State of Local Real Estate 2022: By the Numbers

A look at year-to-year real estate statistics for six Lexington neighborhoods, provided by the Fayette County PVA Ashland, Lakewood, Lakeview NEIGHBORHOOD STATES Total Single Family Residences (Houses): 1,260 Median Square Footage (Excludes Basement): 3,441 Median Age of Home (in Years): 50 Number of Sales in Past 12 Months*: 70 Current Turnover Rate (Percentage of Homes … Read more

The State of Local Real Estate 2022: Market Analysis

Low inventory, strong demand continues to drive Lexington’s housing market For the past several years, I’ve contributed a review and analysis of local real estate sales trends gleaned from the PVA statistical database. Some years the trend has been merely a continuation of the previous year. Some years it was mostly about recovering from a … Read more

Edmonton home sales drop, time on market grows as real estate cools – Edmonton

After a hot couple of months, Edmonton recorded its first large decrease in the real estate market in July. According to the Realtors Association of Edmonton (RAE), home sales dropped 23.8 per cent in July from June of this year, and saw a year-over-year drop of 10.3 per cent from July 2021. Single-family home sales … Read more

Hamilton-Burlington realtors say home sales off about 36% from July 2021 – Hamilton

Realtors in the Hamilton-Burlington area say the cooling trend in the local residential home market continued in July with sales down year over year by about a third. Last month, the Realtors Association of Hamilton-Burlington (RAHB) reported a drop of 35.6 percent in overall sales activity in the region compared to 2021, with the city … Read more

Real Estate Investors Scoop Up Almost 10 Percent of US Home Sales

Investor interest increased most rapidly in Charlotte, NC A new report just released from Realtor.com reveals that investor home purchases comprise 9.5 percent of home sales nationally, with Charlotte, North Carolina, leading the pack as the fastest-growing investor market. In the 12 months ending in April 2022, 20 percent of properties sold in the greater … Read more

Pending Home Sales Plunge In June As Demand Is Weighed Down By Surging Mortgage Rates

Topline Pending home sales—a leading indicator for housing market activity—plunged by a more than expected 20% in June compared to a year ago, according to new data from the National Association of Realtors on Wednesday, with experts warning that higher mortgage rates will continue to negatively impact demand. A surge in borrowing costs has continued … Read more