Despite the proliferation of digital innovations transforming various sectors, the real estate market has remained largely reliant on traditional payment methods, with cash transactions dominating the landscape. Recent data from ATTOM, a curator of real estate and property data, shows that in 2023, an average...
The median price of an existing U.S. home jumped 14.8% year over year in May to a record-setting $407,600, even as higher mortgage interest rates continue to add complexity to the market for buyers, according to a report in The Wall Street Journal Tuesday (June...
The market for vacation homes has caught fire in counties nationwide, as sales of vacation properties have risen 16 percent since 2020 — nearly tripling the gains delivered by existing homes, which were up 5.6 percent according to the National Association of Realtors. That push,...
The National Association of Realtors® (NAR) said on Friday (Jan. 22) that existing-home sales increased in December, while home sales for last year reached their highest point since 2006, according to a press release. The median existing-home price for all kinds of dwellings in December...
November 04, 2024
The typical American homebuyer is older than ever before, National Association of Realtors data shows. The association’s 2024 Profile of Home Buyers and Sellers — the subject of a Bloomberg News report Monday (Nov. 4) — shows that the age of a typical homebuyer was 56, an all-time high. It’s a situation that’s developed as […]
June 21, 2022
The median price of an existing U.S. home jumped 14.8% year over year in May to a record-setting $407,600, even as higher mortgage interest rates continue to add complexity to...
January 22, 2021
The National Association of Realtors® (NAR) said on Friday (Jan. 22) that existing-home sales increased in December, while home sales for last year reached their highest point since 2006, according...
November 30, 2020
The National Association of Realtors (NAR) said that its Pending Home Sales Index (PHSI) is down for the second consecutive month, dropping 1.1 percent after months of steady gains. “Pending...
