by Aidan Whalen | Jul 27, 2023 | Industry News, Latest News, National, News, Premier |
After declining every month since February, the forward-looking metric of pending home sales saw a slight uptick in June, rising a fractional 0.3% as markets appear to be rebalancing around higher interest rates and minimal price appreciation. Though the increase was...
by Liz Ruggiero | Jul 25, 2023 | Industry News, Latest News, National, News, Premier |
Against the backdrop of further inventory strain and a relatively low mortgage rate environment, buyers seemed to rally in May, driving U.S. home costs up for the fourth consecutive month, according to the latest S&P Case-Shiller Index. Home prices climbed 1.2%...
by Liz Ruggiero | Jul 20, 2023 | Agents, Brokers, Industry News, Latest News, Lead Story, National, News, Premier, Teams |
In keeping with the challenges of low inventory and high home prices, existing-home sales fell 3.3% to a seasonally adjusted annual rate of 4.16 million in June, according to the National Association of REALTORS®’ (NAR) most recent existing-home sales report. NAR’s...
by Aidan Whalen | Jul 12, 2023 | Industry News, Latest News, National, News, Premier |
Despite many Southern and Sun Belt metros tracking well above long-term models for home prices, researchers are now anticipating a slow, undramatic moderation of price increases as the country coasts down from pandemic highs. Economists at a handful of universities...
by Aidan Whalen | Jul 12, 2023 | Industry News, Latest News, Luxury, National, News, Premier |
As home prices remain inflated across the U.S., the definition of what a luxury home is has become a little more vague. Price point has always been one of the bigger determining factors beyond amenities and style, but median home prices in many areas have reached...