Remove articles new-home-sales-still-show-a-historic-backlog
article thumbnail

Why higher rates aren’t crashing home prices

Housing Wire

Home prices aren’t crashing, despite what the housing bubble boys are saying. In fact, home prices have firmed up higher recently. Well, it’s June 9, 2023, and home prices have been firm month to month, not showing anything that resembles the housing bubble crash years. Then on Aug.

Mortgages 545
article thumbnail

New home sales defy recession calls

Housing Wire

New home sales are up 20% year over year, and existing home sales are down 20% year over year; this is something we don’t see very often. One group has the advantage here while the other doesn’t: The new home sales market is minuscule versus the existing one, and the builders sell their homes like a commodity.

Sales 498
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The 10 U.S. Cities With the Best Public Transportation, Ranked

Redfin

Landing in a new city and exploring it on foot is fun, but there’s something unique about using a public transportation system. In fact, research shows that public transit saves 63 million metric tons of carbon dioxide annually, on top of saving money for consumers. So, in this Redfin article, we’ll explore the U.S.

Sales 65
article thumbnail

US Home Values Rise as Housing Market Avoids Crash in 2023

Marco Santarelli

US home values are on the rise in 2023, avoiding a houing market crash that many economists had predicted. One factor is the limited supply of homes for sale. This means that buyers are competing for a limited number of homes, which is driving up prices. Sales volume has also been impacted, experiencing a notable decline.

article thumbnail

Boston Real Estate Market & Investment Overview 2020

Marco Santarelli

In June, the pending sales of single-family homes jumped 43.6 percent from 1,187 homes put under agreement in May, and condo pending sales climbed and even more impressive 51.7 The Boston area does not have nearly enough homes for sale to meet the demand and that’s putting extreme upward pressure on prices.

Marketing 124