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Realtor.com: Federal land sales would offer limited housing relief

Housing Wire

Selling federally owned land to private housing developers may help ease inventory shortages in certain areas — but it’s unlikely to solve the nation’s broader housing crisis, according to a new report from Realtor.com. The report estimates that nearly 10 million acres of land would be needed to build 3.8

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Existing-home sales take a sleigh ride to the sky with highest jump since 2021

Housing Wire

The National Association of Realtors (NAR) reported that existing-home sales in November rose to a seasonally adjusted annual rate of 4.15 The jump in sales gives the market momentum heading into 2025, which is expected to outperform 2024. The growth also bucks the historic trend of sales dropping between October and November.

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Surging for-sale inventory turns Florida into a buyer’s market

Housing Wire

According to a report from Redfin, for-sale inventory at the end of January in Florida was up 22.7% Active listings landed at 212,437 at the end of January, a staggering 19.4% With this many houses for sale, a home basically needs to look like its out of a magazineand be priced fairlyto get multiple offers. year over year.

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New-home sales stay sluggish as builder headwinds persist

Housing Wire

The good news is that new-home sales in June ticked up slightly compared to May. Department of Housing and Urban Development (HUD), new-home sales in June registered at a seasonally adjusted annual rate of 627,000, up 0.6% The poor sales numbers for homebuilders come despite a much-needed infusion of inventory.

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The Federal Reserve’s housing recession dilemma

Housing Wire

The existing home sales market does not align with their dual mandate of ensuring stable personal consumption expenditures (PCE) or consumer price index (CPI) prices, as these measures account for rent. Instead, the existing home sales market is more about transferring commissions rather than causing significant job losses in the economy.

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Century 21 gains 2 affiliates; eXp lands in Japan

Real Estate News

Skip to Content Agents Brokerages MLS/Assn Tech Industry By the Numbers Consumer Illustration by Lanette Behiry/Adobe Stock Brokerages Century 21 gains 2 affiliates; eXp lands in Japan Kansas and Maryland indies align with C21; eXp enters its fourth global market this year; Douglas Elliman launches mortgage division; more.

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Tech Pulse: Realtor.com acquires Zenlist; Zillow unveils new tools

Housing Wire

CertifID lands $47.5M The new tool lets agents share real-time updates and behind-the-scenes work with clients, addressing common misconceptions about agent efforts while meeting rising demand for clearer, app-based communication throughout the sales process. Series C funding to expand security capabilities CertifID has raised $47.5