Nov 27, 2023Driving the news: More than 3% of U.S. homes sold at a loss August-October 2023 — up from 2.4% a year ago. The median loss was around $40,000, per Redfin data. Zoom in: The highest proportion and largest losses were in San Francisco. Roughly one in seven SF owners lost money on their home sale, with a median lossof $122,500.
Sep 18, 2024In Ballarat, which had the highest rate of loss-makingsales among the lifestyle regions analysed in the report, 6.5 per cent of sellers made a loss. Their median hold period was just two years ...
TodayLOS ANGELES (AP) — Salesof previously occupied U.S. homes fell in 2024 to a nearly 30-year low for the second time in as many years as elevated mortgage rates, rising home prices and few properties on the market freeze prospective homebuyers out of the market.. The National Association of Realtors said Friday that existing U.S. home sales totaled 4.06 million last year, a 0.7% decline from ...
Dec 18, 2024While the national gap of loss-makingsales between houses and units is narrowing, the latter are still three times more likely to sell at a loss. Only 2.9 per cent of house vendors sold for a ...
Dec 19, 2024There were 1.33 million unsold homes at the end of last month, down 2.9% from October, but up 17.7% from November last year, NAR said. That translates to a 3.8-month supply at the current sales pace, down from a 4.2-month pace at the end of October last year, but up from 3.5-month pace in November last year.
Apr 21, 2023The house also sold below the $550,000 list price after sitting on the market for almost four months." Investors Are Losing Money as Mortgage Rates Rise, Homebuyer Demand Drops. Investors are making less money selling homes—and losing money in some cases—because the housing market has slowed dramatically in response to rising mortgage rates.
Owen said there is a risk of more loss-makingsales and distressed selling in 2023 due to rising interest rates, but against a backdrop of more than nine in ten salesmaking a profit this quarter ...
Aug 22, 2024All-cash offers made up 27% of July sales, up from 26% the year before and far higher than the historical norm. The supply of homes for sale continued to move higher in July.
The U.S. housing market is a major indicator of the strength of the economy. When the economy is strong and people are confident about the future, they are more inclined to buy houses, upgrade ...
May 22, 2024Total housing inventory at the end of April was 1.21 million units, up 9% month to month and up 16% from the year before, but still just a 3.5-month supply at the current sales pace.
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