The median existing-home sales price jumped 5.8% from May 2023 to $419,300 – the highest price ever recorded and the 11th consecutive month of YoY price gains.
New listings, median sales prices rose YoY for existing single-family homes, up 15.2% and 1.6% ($426.5K), and for condo-townhouse units, up13.8% and 1.5% ($330K).
Real estate pros use TikTok because it hits every age demographic, among other reasons. TikTok has until Jan. 19 to sell to American interests or be banned.
RE Q&A: Can the seller keep the deposit, since there is a signed contract? It depends on the financing section of your contract, timing and other specific details.
Freddie Mac: Last week, it was 6.95%. This is the third straight weekly decline and the lowest level for 30-year fixed-rate mortgages since early April.
High interest rates for loans held back housing supply as overall housing starts fell 5.5%, single-family starts declined 5.2% and multifamily fell 6.6%.