home sales - Unusual Whales

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home sales

A collection of 4 posts

Realtor.com doesn't expect housing affordability to improve due to undersupply in the market for a decade

Per BI Realtor.com says that it doesn't expect housing affordability to improve. This was explained to be due to borrowing costs and home undersupply. These issues reportedly built up over the past decade, according to Danielle Hale from Realtor.com. The chief economist went on CNBC to

US home costs are 44% higher than pre-pandemic levels

Per Business Insider The prices of US homes have way exceeded pre-pandemic levels, now at 44% higher. The data was revealed by Redfin, showing a massive difference in price from January 2020 until recently. In January 2020, median home prices were $290,264 before the pandemic. Now, prices have reached

Homes for sale since five years ago, before the pandemic, has seen a nearly 40% drop

Per Redfin The number of homes for sale since before the pandemic has seen an extreme decline. After a 6% drop from a year earlier, the total drop from five years ago was at 39% compared to 2018 numbers. The 6% decline was reportedly the largest decline experienced in 13

US home sales were down by 36.9% YOY in January, reaching their 12th consistent monthly decline

Per CNBC US home sales reportedly dropped by 36.9% in January year-over-year after the 12th consistent month of the decline in sales for the US homes market. This resulted in a new all-time low in over 12 years. The National Association of Realtors shared how there could be a