The National Association of Realtors has reported a 4.8% increase in pending home sales in June 2024. The Pending Home Sales Index, based on contract signings, reached 74.3 in June, with all four U.S. regions seeing an increase in transactions. The chief economist at NAR, Lawrence Yun, noted that the rise in housing inventory has […]
Pending home sales saw a 4.8% increase in the month of June. Read More »
Currently happening at Inman Connect Las Vegas, from July 30-Aug. 1, 2024, expect clarity, answers to important questions, and new business opportunities. JOIN US VIRTUALLY. National Association of Realtors President Kevin Sears addressed the audience at the Aria Resort & Casino in Las Vegas, emphasizing the importance of stability and resilience in the face of
NAR President Kevin Sears sends message of resilience at ICLV Read More »
According to a recent report from Redfin, home purchases in June experienced the highest rate of cancellations on record, with 56k home-purchase agreements being canceled, equal to 14.9% of homes that went under contract that month. The report attributes this trend to higher housing costs causing buyers to get cold feet. Additionally, the median home
In June, home purchases experienced the highest rate of falling through on record. Read More »
Realtor.com reports that investors have reduced their home buying activity in recent years. However, their latest report shows that investor share has increased despite purchasing fewer homes. The data was obtained by analyzing deed records from January 2000 to March 2024, both nationally and in the 150 largest US metros. The analysis only included single-family
Investor Share Rises as Home Sales Plummet to Lowest Levels in Over a Decade Read More »
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Michael Barowsky LOS ANGELES—Cottonwood Group, a private equity real estate investment firm, announced an East Coast team expansion with two strategic leadership hires and three internal promotions to support the firm’s growth in its Boston office. Cottonwood founder and CEO Alexander Shing made the announcement. “Cottonwood continues its strategic growth in Boston by establishing a
Cottonwood Group Announced East Coast Team Expansion Read More »
The U.S. government is reporting that privately‐owned housing starts in June, 2024 were at a seasonally adjusted annual rate of 1,353,000, which is 3% higher than May’s revised number but is 4.4% lower than one year ago. June’s rate for units in buildings with five units or more was 360k. Privately‐owned housing units authorized by
Several states across the nation are holding off sales tax holidays for the back-to-school season. Whether you think this is good or bad public policy can be saved for another day; the bottom-line is saving your hard-earned money! The data has been provided by the Federation of Tax Administrators and actually covers the entire year
We have shared this information for several years now, and it remains relevant: According to a recent Gallup report, real estate continues to be the preferred long-term investment choice for Americans for the 12th consecutive year. The breakdown shows that 36% prefer real estate, 22% prefer the stock market, 18% prefer gold, 13% prefer CDs/bank
According to a report from the U.S. government, total construction spending in May 2024 reached a seasonally adjusted annual rate of $2,139.8 billion, marking a 0.1% decrease from the revised April figure. However, the revised estimate for May shows a 6.4% increase compared to the previous year. Residential construction was at a seasonally adjusted annual
Construction spending in the U.S. experienced a modest decrease in May. Read More »