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Tag: Home Sales in the United State

U.S. Home Sales Approach Lowest Level in a Decade Amid All-Time High Prices

Prospective homebuyers in the United States continue to remain on the sidelines amid all-time high prices. Real estate brokerage Redfin recently released a report that shows home sales in the U.S. are approaching their lowest level in a decade. The home sales in May dropped...

Home Sales Plummeted in August According to Pending Data

Pending home sales for August were down 7.1% from the previous month, data from the National Association of Realtors revealed. This far outpaces the 1% decline projected by Bloomberg economists and is also a stark contrast from the 0.9% monthly increase recorded in July. Several...

Home Prices in U.S. Close to All-Time High Due to Depressed Supply

The increased demand for homes coupled with depressed supply has caused U.S. home prices to get dangerously close to an all-time high. This was revealed in Redfin’s recent report about the state of the market for June. According to the report, the median home sale...

Gen Z Homebuyers Leverage Social Media

Data published by Redfin revealed that 30% of Gen Zs who are aged 25 owned a house in 2022. This rate is higher than both Millenials (28%) and Generation Xs (27%) when they were the same age. Only Baby Boomers outpaced Gen Zs, with...

Domestic U.S. Home Sales Decline in March

Data from the National Association of Realtors on Thursday showed that U.S. home sales declined in March, with prices falling as well. This marks a particularly tepid start to the spring homebuying season, with buyers already facing a surge in mortgage rates and a...

Home Prices Drop For Seventh Straight Month

U.S. house prices declined for a seventh consecutive month in January as rising interest rates continue to apply pressure to home prices as well as the housing market overall. Data released on Tuesday revealed that the S&P CoreLogic Case-Shiller U.S. National Home Price index...