Weak inventories limited sales of existing homes and drove prices up significantly. July 2023 closing declined 20.8% compared to July 2022. Sales were down between 16.7% and 25.2% throughout all regions compared to July 2022, but regional price appreciation was more variable. The median home price rose to 300,000, a 7.5% increase from last year. […]
Tight inventories have continued to keep sales low and put strong upward pressure on prices. June home sales were at 7,047, a 20.4% drop from the levels in June 2022. The median home price rose to $304,000 in June 2023, which represents an 8.6% increase over the last 12 months. This is the first time […]
Home sales in May 2023 were 21.5% lower than those in May 2022 as a tight supply continues to drive up prices. The median price of homes in May 2023 rose to $294,000 rising 6.9% over the last 12 months. The average 30-year fixed mortgage increased from an average of 5.23% in May 2022 to […]
Are you dreaming of transforming a rundown, outdated property into your dream home? Buying a fixer-upper has become a popular choice for those seeking a unique and affordable opportunity in the real estate market. Before you dive into this venture, it is important to equip yourself with the knowledge and insights that will set you […]
Often people think about how difficult it can be to decorate a small room or space in your house. However, when you have a large room to decorate, it can be just as difficult and feel overwhelming trying to make every element fit cohesively. But it can also be fun to have the space to […]