NAR’s Yun: Any Economic Downturn Likely MildThe chief economist pointed to signs of a recession – and signs that suggest no recession. At the least, he says, the latter should block a major economic slowdown. …continue
NAR’s Yun: Any Economic Downturn Likely MildThe chief economist pointed to signs of a recession – and signs that suggest no recession. At the least, he says, the latter should block a major economic slowdown. …continue
New Home Sales Sink 8.1% in JuneBuilders say it’s the lowest level since the start of the pandemic (April 2020), with buyers priced out due to high interest rates and ongoing building and development costs. …continue
Fla.’s June, 2Q Home Sales: Listings and Prices UpFlorida Realtors: Fla.’s single-family median price up 19.7% to $420K. Condo median price up 26.4% to nearly $325K. Inventory rising as new listings increase. …continue
Case-Shiller: Home Prices Up 20.4% in AprilPrices remained up 20% year-to-year in April, but the monthly rate of increase appears to be slowing as the Fed’s interest rate hikes seem to be having an impact. …continue
Fla.’s Investors Pull Back in 1Q 2022Fla. has 4 of the top 10 cities for real estate investors, but they’re pulling back. U.S. investor purchases dropped 11.5% in 1Q 2022 compared to the previous quarter. …continue