Residential Real Estate News
Top Residential Real Estate News
Pending Home Sales in U.S. Post Historic Drop in October
According to national property broker Redfin, pending U.S. home sales fell the most on record in October 2022, while deal cancellations and price cuts hit record highs.
Greater Miami Area Condo Sales Dive 35 Percent Annually in October
According to the Miami Association of Realtors, Miami-Dade County residential property sales transactions in October 2022 decreased 30.6% year-over-year, from 2,978 in October 2021 to 2,067 today, because of high mortgage rates, economic uncertainty and low inventory.
Ireland Experiences Sharpest Residential Rent Increases in History
Based on the latest Rental Report by daft.ie, Ireland residential market rents in the third quarter of 2022 were an average of 14.1% higher than the same period a year earlier, as availability of rental homes remained near an all-time low.
U.S. Home Sales Decline for 9 Consecutive Months in October
According to the National Association of Realtors, existing-home sales retreated for the ninth straight month in October 2022. All four major U.S. regions registered month-over-month and year-over-year declines.
