The WPJ

Top Residential Real Estate News

Orlando Area Home Sales Slide in January, Eighth Consecutive Month

Based on new data by the Orlando Regional Realtor Association (ORRA), Greater Orlando area residential listings rose 46.3% from December 2023 to January 2024, with 3,524 new homes on the market in January, compared to 2,409 in December.

U.S. Owners Stay in Their Homes on Average 12 Years Now

Based on Redfin's latest market data, the typical U.S. homeowner has spent 11.9 years in their home, up from 6.5 years two decades ago. Homeowner tenure peaked at 13.4 years in 2020, just when the pandemic set off a moving frenzy, and has declined since then.

U.S. Mortgage Rates Uptick in Early February

Based on Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 6.64 percent as of February 8, 2023.

Homes in 86 Percent of U.S. Metros Enjoyed Price Gains in Q4

Based on the National Association of Realtors' latest quarterly report, more than 85% of U.S. metro markets (189 out of 221) registered home price increases in the fourth quarter of 2023 as the 30-year fixed mortgage rate dropped from 7.79% to 6.61%.

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