Month over month, home sales were down 3.5%, and the median sale price declined 1.2% to $335,000.
The Justice Department’s original complaint against the National Association of Realtors, filed Nov. 19, 2020, alleges that the association enforced rules and policies that illegally hampered competition in residential real estate services.
A decline in new home listings has had little impact on the market as far as demand is concerned, according to a recent Redfin report.
Over the past year, outer suburbs, or exurbs, have experienced a particularly intense boom. It’s those distant areas which saw the sharpest increase in interested buyers, according to Realtor.com.
You might be surprised by the results of this survey.
“The bright spot in an otherwise underwhelming report comes from the increase in the overall number of permits issued, which can signal how much home construction is in the pipeline.” — First American deputy chief economist Odeta Kushi
After a Black real estate agent and his client were detained by police while viewing a house, the National Association of REALTORS® took a strong stance against the “deeply disturbing” incident of “racial profiling.”
Lot values for single-family homes are surging, according to an NAHB report. The current national median is $53,000: a record high.
For the first time since early March, no new records were set for median-home-sale prices last month, ending the five-month streak of record-breaking home prices.
Just 56.6% of homes sold during the quarter were affordable to families earning the U.S. median income of $79,900, according to the National Association of Homebuilders/Wells Fargo Housing Opportunity Index.