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Existing home sales fall for third month in April

Housing Wire

million, the National Association of Realtors reported on Friday. “Last month, existing home sales recorded their best bottom line in any April since 2006,” Speakman said. from March to 5.85 This elevated level of competition may be starting to wear on buyers’ confidence and could be holding back sales volumes.

Inventory 414
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2023 Maine Year in Review

Lamacchia Realty

The frenzied market of 2021 was unsustainable, and consumers and REALTORS alike hoped for a return to normalcy. However, a significant portion of the decrease is also linked to the persistently low inventory levels due to a lack of sellers. The dip in sales in 2022 wasn’t much of a surprise; rather, it was a welcomed relief.

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CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

The 323,465 flipped single-family, condo and townhomes in 2021 is the highest number since 2006 and represented 5.5% That includes 621 fewer Pending contracts in April 2022 than the previous April, as the net number of new listings remains on average lower than in years past. of all home sales last year. Designed by William J.

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Millennials Expected To Maintain Real Estate Buying Intensity

Will Springer Realtor

This was the fastest pace for combined single-family and multi-family construction since June 2006. They have declined for two consecutive months, according to the National Association of Realtors®. But, in speaking to a political-affairs lobbyist for Washington Realtors®, the bill became “watered down.” existing home sales.

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IN DIRE NEED OF GENERATIONAL RESPONSE TO HOUSING SHORTFALL

Will Springer Realtor

“There is a strong desire for homeownership across this country, but the lack of supply is preventing too many Americans from achieving that dream,” said Lawrence Yun, chief economist for the National Association of Realtors® (NAR). >> The National Association of Realtors’® top economist forecast 2021 will end the year with 6.1