October existing home sales see small gain, but supply is dropping
An improvement in mortgage rates at the end of the summer boosted home sales, but the gains may be short-lived. Sales of previously owned homes rose 1.2 percent in September to 4.1 million units on a seasonally adjusted, annualized basis in October, according to the National Association of Realtors. Sales increased by 1.7% during the […]
California Home Sales Hit 8-Month High—These Counties Came Out on Top
California is seeing a rebound in the housing market as the number of new home sales is at an eight-month high, according to the California Association of Realtors®. Existing, single-family home sales in October rose from both the first month and a year ago—the highest level since February. Sales of existing family homes were 282,590 […]
More home sellers are taking listings off the market, Redfin says
Weak buyer demand, weakening home prices and overall uncertainty in the economy are causing home sellers to change their minds and exit the market. According to Redfin, nearly 85,000 U.S. sellers took their homes off the market in September, up 28 percent from September 2024 and the highest level for the month in eight years. […]
Apartment rents drop further, with vacancies at record high
A version of this article first appeared in the CNBC Property Play Newsletter with Diana Olick. The property play includes new and evolving opportunities for real estate investors, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up To receive future editions, straight to your inbox. A […]
Apartment rents drop further, with vacancies at record high
A version of this article first appeared in the CNBC Property Play Newsletter with Diana Olick. The property play includes new and evolving opportunities for real estate investors, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up To receive future editions, straight to your inbox. A […]