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Regionally, pending sales were down across the board on both a monthly and an annual basis, the National Association of REALTORS® said.
Among the top upgrades: large showers.
Total housing inventory at the end of August was 1.11 million units, up 3.7% from July but down 14.6% on a year-over-year basis, the National Association of REALTORS® said.
New data from StorageCafe shows that Fort Myers is a prime example of a place that strikes the balance between city living and an affordable community.
Coral Gables is two for two in Opendoor’s second-annual ranking of the most family-friendly U.S. cities.
Sidelined homebuyers can breathe a sigh of relief. According to Realtor.com, the best week of the year to buy a home is still ahead of us.
The median area for a new single-family home fell to 2,191 square feet in the second quarter — the lowest recorded size since 2010.
CoreLogic expects prices to continue to grow through next year, albeit at a more traditional pace than in the height of the pandemic.
Those looking to buy a house will be paying a premium as inventory continues to be an issue.
Eighteen percent of millennials — approximately one in five — believe they will never become a homeowner, according to a recent survey from Redfin.
Despite the area’s recent FEMA designation as a Special Flood Hazard Area, Fort Myers’ population has grown by 8.1% since 2020.
Pending transactions were in negative territory for most of this year, so the recent increases could bode well for future activity.
A fifth consecutive month of increases in the S&P CoreLogic Case-Shiller U.S. National Home Price Index suggests the housing market recovery that began earlier this year is likely to continue.
Two weeks after housing inventory turned negative, home prices posted a healthy increase, MarketNsight said.
First-timers made up 45% of buyers in 2022 and 37% in 2021.
High mortgage rates and limited inventory continued to weigh on sales activity, National Association of REALTORS®Chief Economist Lawrence Yun said.
