San Francisco Real Estate News
San Francisco
Number of U.S. Home Sales Hit 30 Year Low in 2024
According to a recent Redfin report, only 25 out of every 1,000 U.S. homes changed ownership in the first eight months of 2024, marking the lowest housing turnover rate in 30 years.
World Property Markets to Commence Industry Joint Venture Funding Round
Michael Gerrity, founder of Miami-based World Property Ventures (WPV), has announced that WPV's wholly-owned subsidiary, World Property Markets, is soon launching a significant $350 million joint-venture funding round with multiple industry partners later this quarter.
Homeownership Expenses Consume 34 Percent of Average Wages in U.S.
ATTOM Data's latest U.S. Home Affordability Report for the third quarter of 2024 reveals that single-family homes and condos across the nation remain less affordable compared to historical averages in 99% of counties with sufficient data.
Stale Home Listings on the Rise in America
Based on new data from Redfin, nearly half (48%) of all U.S. listings have lingered on the market for at least 60 days, the highest share for any August since 2019.
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