It’s still a seller’s market, whether it feels that way or not.
In May, the median price of a home in the United States passed $400,000 for the first time, according to the National Association of Realtors. And bidding wars accounted for 55 percent of home sales in the four week period ending June 19, up from 53 a year earlier, according to Redfin.
Read MoreWe're already seeing the U.S. housing market slow down in the face of spiking mortgage rates. Mortgage applications are declining, fewer listings are getting multiple offers, and inventory levels are rising again. However, that's a deceleration—meaning prices are going up at a more modest rate—not a price correction.
Read MoreThe median sales price for a single-family home in Westchester County during March was $680,000. That's an increase of 0.7% compared with March 2021, according to a USA TODAY Network localized analysis generated with data from Realtor.com.
Read MoreTara Watnik knew that she and her family would leave their Bronx co-op for a house in Westchester — eventually. But her husband, Scott Watnik, a partner in a Manhattan law firm, grew up in Riverdale, and they liked living in his childhood neighborhood, which was close to her job as a communications director at a private school and an easy commute for him. Then Covid hit, and they decided it was time to get serious about moving.
Read MoreTwo years into the pandemic, rundown bungalows command bidding wars, buyers keep snatching up places they’ve never seen, and homebuilders can’t find enough cabinet doors for everyone who wants a new home. The median price for an American home is up nearly 20 percent in a year. The for-sale inventory is at a new low. And the hopeful buyers left on the sidelines have helped drive up rents instead.
Read More"Real estate prices climbed across the country up 20% year over year but especially in some markets," says Caleb Silver with Investopedia. "In Connecticut, we saw Litchfield County up at 20.8% just above the national average but as you go down state, New Haven up 17.8%, Fairfield 16.4% and Hartford only up 15.5% year over year."
Read MoreThe New Year has officially begun, and many consumers are looking for a fresh start. Whether that be a new routine, refined goals, or a refreshed mindset, most people have their sights set on something that they want to accomplish in 2022.
Read MoreLow inventory plus high demand equals a difficult time for homebuyers, unless they have very deep pockets, CBS2’s Tony Aiello reported Friday.
“For Sale” signs are few and far between in Westchester County. Just about 700 single-family homes were listed in the 4th quarter of 2021. That’s down 45% from 2020.
Read MoreDespite a serious lack of inventory and a blistering sales pace, Denver doesn't rank anywhere close to the top of a recent Realtor.com forecast of the hottest real estate markets of 2022.
The Denver metro comes in at number 48 out of the nation's top 100 metros in terms of the predicted change in price and number of sales for next year – that's an 11% total increase, 6% for number of sales and 5% for home prices.
Read MoreDenver may need to redefine the “luxury” residential market.
There’s something of a mythical quality to a $1 million price tag. But sales of a single residence above that mark are becoming more and more common in the region.
Read MoreOne of the most sensational years in the history of U.S. real estate is drawing to a close, and the momentum is quieting down a bit, but people are still rushing to buy homes and the housing shortage is far from over.
Read MoreOneKey MLS, reporting detailed, month-over-month statistical information about residential, condo, and co-op sales transactions in the regional MLS coverage area, finds that the closed median sale price in November 2021 was less than it was in October 2021.
Read MoreThe recovery of Fairfield County’s office-leasing market from the COVID-19 pandemic is gaining pace — and nowhere is seeing more momentum than the county’s most southwestern town.
Read MoreReal estate analysts said many of the transplants were temporarily relocating to summer residences they owned while keeping their homes in the city. Some moved in with family. But many were acquiring second homes or making the move permanently, which sharply drove up demand for residential real estate in Fairfield County.
Read MoreTarrytown, unlike other river villages where families examined real estate, such as Hastings-on-Hudson and Dobbs Ferry, had a marked mix of race and socio-economy, especially given its size of three square miles.
Read MoreInterest in ADUs rose steadily in the 2010s, and has only grown stronger in the past few years as the metro-wide real estate market became, for many, prohibitively expensive. City planners have seen an uptick in people moving to rezone their property, and in 2019 carved out a place for ADUs in Blueprint Denver — a “planned guidance” document that recommends removing barriers to the units in residential districts. So far, planners say, they’re not aware that any requests have been denied.
Read MoreAs a general rule, real estate agents frown on buyers having face time with sellers because things can go wrong. A whole lot of things, in fact. Even seemingly innocent comments could land buyers or sellers in hot water—and jeopardize the entire real estate deal.
Read MoreProperty taxes -- up the most in 15 years in 2020, according to recently released Labor Department data -- will likely see even sharper jumps this year. The median price of previously-owned, single-family homes set new highs last year, and have climbed even more in 2021, which could haunt homeowners when the bills come due and potentially force Americans to dig deeper into their savings.
Read MoreThe U.S. housing market in 2021 has been a year full of low interest rates, eager buyers and low inventory of homes on the market. Denver is no exception, especially as it continues to attract young professionals, growing families and others to its location on the Front Range of the Rocky Mountains.
Read MoreHomeownership and its positive impact on families, communities and the nation's economy has been a source of hope for many during the rough times and tumultuous economy associated with the pandemic. With home sales continuing to skyrocket, the American Dream of homeownership and identifies the many benefits of owning that roof over your head.
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