NAR: Record-High Home Prices and Sales Gains in March
Total existing U.S. home sales were up 12.3% year-over-year while median price was up 17.2%. However, existing home sales fell (-3.7%) in March compared to Feb.
Traditional Real Estate Marketing Holds Firm Despite Pandemic
A recent broker survey found 41% of real estate pros used direct mail to generate listings and 24% used technology to find which sellers were most likely to sell.
Fla.’s Home Sales and Prices Up, Inventory Tight in March
Florida Realtors’ data: Single-family home sales rose 23.3% year-over-year, median sales price up 18.9%; condo sales up 52.6%, median price up 15.2%. The coronavirus was first detected in Fla. on March 1, 2020; therefore, last March’s data was the first to reflect the pandemic’s impact.
Wealthy Buy Up Luxury Homes Amid Pandemic
In Feb., the number of homes sold for more than $1M rose by 81% year-over-year, while the number of homes that sold for less than $100K fell 26%, according to NAR.
RE Q&A: Can an HOA Tell Me to ‘Stop Hanging My Flags’?
An HOA can’t stop residents from flying the American flag and certain other flags – but there are some restrictions to those protections, such as maximum size limits.
NAR: Record-High Home Price and Sales Gains in March
Total existing U.S. home sales were up 12.3% year-over-year while median price was up 17.2%. However, existing home sales fell (-3.7%) in March compared to Feb.
U.S. Average Mortgage Rates Under 3% for First Time Since Feb.
The 30-year rate was 2.97% this week, down from 3.04% last week. Despite these low rates, many buyers are unable to purchase a home due to the shortage of inventory.