July Median Single-Family Price Hit $536,500

by | Aug 25, 2023 | Uncategorized

Affordability constraints have continued to limit homebuying activity this summer, with existing-home sales falling 3.3% month-over-month nationwide as of last measure, according to the National Association of REALTORS® (NAR). Mortgage rates have approached...

July Sales for Existing Homes Fall

by | Aug 23, 2023 | Uncategorized

July median prices increased again while the number of sales continues to contract. Existing home sales fell 2.2% in July from June 2023. This translates into the annualized rate of a little over 4 million units, according to the National Association of Realtors. In...

New Normal: Small Inventory – High Rates

by | Aug 22, 2023 | Uncategorized

Unaffordable, Scarce and High Rates By Anthony DiMaio There are an abundance of complaints coming forth from the sellers and the buyers out there. Sellers are having a hard time finding a property to move to after the sale that is affordable. And buyers are having a...

Home Prices Edge Higher AGAIN!

by | Aug 21, 2023 | Uncategorized

With mortgage rates crossing the 7% line, and inventory continuing to be problematic for buyers, home prices for the week ending August 12th edged up again. According to the National Association of Realtors the median home prices are edging up, approximately $440,000,...