Residential Real Estate News
Top Residential Real Estate News
New Home Sales in the U.S. Remained Flat in February
The National Association of Home Builders is reporting this week higher mortgage rates and home prices, as well as increased construction costs all contributed to lackluster new home sales in February 2023.
U.S. Home Sales Surge 14 Percent in February While Prices Drop
According to the National Association of Realtors, U.S. existing-home sales reversed a 12-month slide in February 2023, registering the largest monthly percentage increase since July 2020. Month-over-month sales rose in all four major U.S. regions. All regions posted year-over-year declines.
Greater Palm Beach County Home Sales Down 30 Percent Annually in February
The Miami Association of Realtors reported this week that greater Palm Beach County total residential sales for February 2023 decreased 29.9% year-over-year, from 2,558 to 1,794.
Orlando Leads the Nation is Highest Annual Home Rent Growth
According to CoreLogic's latest Single-Family Rent Index, U.S. annual single-family rent growth continued to slow year over year in January 2023, declining for the ninth straight month to 5.7%.
