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Median home prices, new listings move higher in Florida

Housing Wire

The housing market in the state of Florida saw higher median home prices, more real estate listings and a higher number of active listings during the month of January, according to data released Thursday by Florida Realtors , a state-based trade organization for real estate professionals. from the same time last year. .

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Insatiable demand drives July pending home sales up 15% annually

Housing Wire

year over year, largely on the back of pent-up demand from buyers who were unable to strike deals during the spring, said Lawrence Yun, chief economist of the National Association of Realtors. “We Home sellers are seeing their homes go under contract in record time, with nine new contracts for every 10 new listings.”.

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Tampa housing market comes to a halt as Hurricane Milton looms

Housing Wire

Data from Altos Research shows that new listings and pending home sales have fallen off a cliff since the storm’s formation. New listings in Tampa were at 775 on Sept. The strength of the storm has prompted officials to call for an evacuation, one that has already had a stark impact on the city’s housing market.

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Compass CEO Reffkin: Fears over agent commissions ‘have simply not materialized’

Housing Wire

The brokerage claimed on its second-quarter 2024 earnings call that it’s experiencing virtually no changes in commissions despite the $418 million settlement agreed to by the National Association of Realtors (NAR) following a string of lawsuits related to buyer commission rules. “It or more.

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Midwest housing markets good for first-time homebuyers: Zillow

Housing Wire

The number of first-time homebuyers made up 32% of all buyers in 2023, according to a report released by the National Association of Realtors. The increase in new listings this spring, due both to new construction and to more homeowners choosing to sell, will give buyers more options and help to ease price growth.

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NAR: Almost 50% of homes sold for more than list price

Housing Wire

The National Association of Realtors Confidence Index Survey for April reveals how hot the housing market is. Per the report, homes that sold had five offers on average , and nearly 50% of homes sold for more than their list price during the four weeks ending May 16. The pandemic continues to impact how people live and work.”

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The mortgage rate lock-in didn’t start in 2022

Housing Wire

After an initial rush to get to market in Q2 2022, new listings volume fell precipitously. In July 2022, new listings volume per week dropped from 90,000 at the end of June to approximately 74,000 just after the July 4th holiday. We see the same pattern in the new listings rate each week.

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