Pending home sales fell for the fifth week in a row, and new listings declined, too. The median U.S. monthly housing payment hit $2,647 during the four weeks ending June 14, its highest level in a year and just about $100 shy of 2023’s all-time high. Housing payments are rising because both home-sale prices and […]
Nationwide, 13.6% of the homebuying deals made in May fell through. That share has held steady over the last 4 months as buyers and sellers grow accustomed to today’s market. 4 of the 10 metros where contract cancellations were most common were in Texas, and three were in Florida; all are strong buyer’s markets. Deals […]
A Boca Raton mansion within a private golf course community and two apartments in New York City are among May’s most expensive home sales. A massive waterfront estate in Boca Raton, two ultra-luxury Manhattan properties, and several waterfront Florida estates were among May’s most expensive home sales. A sprawling estate in Boca Raton, FL claimed […]
The massive IPO would create enough wealth for SpaceX employees to buy roughly 40% of all the homes in San Antonio, one of the closest major metros to where the company is headquartered. Or they could buy every single home in McAllen, located just 80 miles away from the SpaceX headquarters. Alternatively, they could buy […]
High housing costs and economic instability are driving would-be buyers away. The median U.S. home-sale price hit a record $400,894 during the four weeks ending June 7, up 1.5% year over year. That marks the first time the typical American existing home has sold for over $400,000, according to a Redfin analysis of MLS data. […]
35 of the 50 most populous U.S. metros were buyer’s markets in May, led by places in the Sun Belt. There are nearly half a million more home sellers than buyers in the U.S. housing market–46.9% more–signaling that buyers hold the power. The number of sellers entering the market is at a 6-year high. Meanwhile, […]