Housing Market

Weekly Market Update

New Listings Hit Highest Level in Nearly 3 Years

Would-be buyers are sidelined by record-high housing costs and economic instability, allowing inventory to pile up. New listings of U.S. homes for sale rose 8.4% year over year to their highest level in nearly three years during the four weeks ending May 18. But buyers aren’t biting: Pending sales fell 2.2%, dropping to their lowest […]

Here Are the Most Expensive Home Sales of April

Most of April’s most expensive home sales were in beachfront Florida, with a pair of Beverly Hills estates and two luxury Manhattan condos rounding out the top 10. A trio of neighboring properties in Naples, FL, made up three of April’s most expensive home sales, including the most expensive: a beachfront estate that went for […]
Weekly Market Update

Economic Jitters, High Costs Stifle Spring Home Sales

New listings are still rising, allowing some buyers to get deals. Pending U.S. home sales fell 3.4% year over year during the four weeks ending May 11 to their lowest level on record for this time of year aside from 2020. Would-be homebuyers are backing off for two main reasons. One, rising home-sale prices and […]
Affordability

The Homes Americans are Buying are Older Than Ever

The typical home bought in the U.S. hit a record age of 36 years in 2024—up from 27 years in 2012.  Buyers pay less for older homes (over 30 years old) than for newer homes (under five years old), but the gap is shrinking.  The typical home bought in Buffalo, NY in 2024 was 69 […]
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