NAR U.S. Existing-Home Sales Drop 2.7% in April
It’s the third monthly decline in a row. NAR cites the lack of inventory for the slowdown, as well as the increase in median price to $341,600, up 19.1% year-to-year.
It’s the third monthly decline in a row. NAR cites the lack of inventory for the slowdown, as well as the increase in median price to $341,600, up 19.1% year-to-year.
As businesses struggle to make websites accessible for disabled users, technology continues to help on the other end, creating new tools those users can tap for help.
An Indiana woman in a largely Black neighborhood says comp selections affected her appraised value. As a result, advocates say blind testing will be done more often.
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Florida Realtors’ data: April had more closed sales, more new pending sales and higher median prices (up 22.4% for single-family homes, 19.6% for condos) than a year ago. Pres. Lambert says, “keep in mind the comparison data comes from April 2020 when Fla. was experiencing the full impact of the pandemic.”
Fla. real estate’s top source for international business faces visiting restrictions for at least another month. Until then, only trade and essential travel is allowed.
NAR had 1.48M Realtor members at the end of 2020, up from 1.4M one year earlier, and 4 out of 5 (79%) plan to stay in the profession at least two more years. Realtors with 16 years-plus experience made $75K, down from 2019’s $86.5K – but 1 in 4 members made $100K or more.
Overall, rising home prices lifted all boats. Homes in Opportunity Zones had first quarter price increases pretty much matched by homes in more affluent areas.
If stressed buyers somehow manage to land the home of their dreams, they may find it will take an additional nine months to secure the refrigerator of their dreams.