WRE News September 14, 2023
Buyer
Home shoppers in August had a wider than usual selection – according to new data from Zillow (NASDAQ: Z, ZG), sellers listed nearly 350,000 homes for sale last month, up 4% from July.
And while August’s new listings were more than 20% below pre-pandemic norms, the uptick helped to halve an annual deficit in new listings, from -26% year-over-year in July to -13% in August.
“Those still shopping for homes late in summer were offered a bit of relief, and not all from expected sources. Competition for houses tends to ease up at this time of year, giving buyers more time to decide and a better chance to negotiate on price,” said Jeff Tucker, Zillow senior economist. “What we didn’t expect — especially considering 7-plus-percent mortgage rates — was more new listings. The inventory crunch is still far from resolved, but this was a small step in the right direction.”
Stay up to date on the latest real estate trends.
Buyer
April 19, 2025
There’s an ongoing conversation in the health and wellness space surrounding sleep hygiene, or the practices and rituals that promote quality sleep.
Buyer
April 19, 2025
Just 33% of 30-year-olds in the U.S. own a home today, down from 47% in 1984, as the typical age of first-time homebuyers continues to rise.
Buyer
April 19, 2025
With rent payments soaking up to as much as one-third of median income in some areas, WalletHub is now offering its study “Cities with the Most Affordable Rent” to det… Read more
Lifestyle
April 18, 2025
Exercising and staying fit while traveling, especially during long flights, can be challenging.
Lifestyle
April 18, 2025
A thriving houseplant is one of the easiest (and most cost-effective) ways to infuse your space with a bit more life.
Buyer
April 18, 2025
Mortgage application activity slowed for the week ending April 11, according to data from the Mortgage Bankers Association.
We Guide Homeowners through the complicated process of selling their home using our 4 Phase Selling Process and 3 Prong Marketing Strategy that alleviates their stress and moves them effortlessly to their next destination. Schedule a 15 Minute Complimentary Strategy Session Today