REAL ESTATE UPDATES

Here's the latest news and headlines on property investments, housing, mortgages, refinancing, and real estate markets. 

July 2023 brought 4.07 million in sales, a median sales price of $406,700, and 3.3 months of inventory. The median sales price is up 1.9% year-over-year, and inventory was up 0.1 months from July 2022.









       
     KEY HIGHLIGHTS:  
 
       
  Pending home sales augmented in June, up 0.3% from May   
       
  Month over month, contract signings increased in the Northeast and Midwest but decreased in the South and West.  
   
 
  NAR forecasts the 30-year fixed mortgage rate will hit 6.4% in 2023, followed by 6.0% in 2024. While median home sales will decrease 12.9% from 2022 to 2023 (4.38 million), they will climb 15.5% in 2024 (5.06 million).  







  Wondering if it still makes sense to sell your house right now?
  The short answer is, yes. Especially if you consider how few homes there are for sale today.
 
 
 
 
 
  International Transactions in U.S. Residential Real Estate
  The report highlights foreign client purchases and sales of U.S. residential property, and looks at U.S. clients seeking to buy property abroad.
 
   
   
  REALTORS® Give $1.5M to Aid Maui Wildfire Recovery
  "Unity and community spirit are invaluable, especially when facing such trying circumstances," says the president of the REALTORS® Relief Foundation.
 











 

"Home sales fell, but home prices have held firm in most parts of the country ... Limited supply is still leading to multiple-offer situations, with one-third of homes getting sold above the list price."

- Lawrence Yun, NAR Chief Economist


 



 






 


Questions on sales - nationwide or right here in our neighborhood?

I'm always here to help with questions on buying, selling or anything home.

PLATINUM PROPERTIES TEAM   |   585-458-4250   |   vn6714@gmail.com





  





















     
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PLATINUM PROPERTIES TEAM 
585-458-4250
vn6714@gmail.com

         



       


                   

   



 
PLATINUM PROPERTIES TEAM 
585-458-4250
vn6714@gmail.com




   



   



 
PLATINUM PROPERTIES TEAM 
585-458-4250
vn6714@gmail.com