Inventory Gains and a Surge of New Listings Highlight a March in Which Sales Climbed from February 2024 But Trailed March 2023 Home sales in March increased 21.6% over February while trailing the March activity of a year ago. At the same time, a 20.9% surge in new listings during the month fueled a substantial 7.7% expansion in inventory. The inventory gains helped expand the supply of homes for sale by 24.2%
Read MoreInventory and rate lock are deciding factors in market competition this spring Those shopping for homes this spring are feeling vastly different levels of market heat depending on where they’re looking. Inventory is a critical factor, the latest market report from Zillow® shows. “Shoppers in the market today should expect competition, especially for attractive listings on the lower end of the price range — a rare opportunity these days,” said Skylar Olsen, Zillow’s chief
Read MoreFirstKey Homes, LLC (“FirstKey Homes” or the “Company”) announced today that Colleen Keating will step down as Chief Executive Officer. Board of Directors members Chan Galbato and Brendan Garvey have been appointed Executive Chairman and Lead Director, respectively. In his role as Executive Chairman, Chan will work closely with FirstKey Homes’ leadership team to oversee all strategic and operational aspects of the business. “FirstKey Homes is proud to be a leader in delivering exceptional offerings to
Read MoreLack of affordability is the most commonly cited reason renters don’t believe they’ll ever own a home Nearly two in five (38%) U.S. renters don’t believe they’ll ever own a home, up from roughly one-quarter (27%) less than a year ago, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Lack of affordability is the prevailing reason renters believe they’re unlikely to become homeowners. Nearly half (44%) of
Read MoreThe residential real estate investment industry is experiencing a major shakeup across the country, as the short list of industry giants who have controlled the market for the last 15 years are suffering massive employee exodus due to poor management, outdated sales tactics and ambitions of a big cashout payday. “With modern times comes modern expectations. Investment real estate professionals no longer want to work for organizations whose executives or
Read MoreForeclosure Starts See Quarterly Increase of 2 Percent; Bank Repossessions Up 7 Percent from Previous Quarter ATTOM, a leading curator of land, property, and real estate data, released its Q1 2024 U.S. Foreclosure Market Report, which shows a total of 95,349 U.S. properties with a foreclosure filings during the first quarter of 2024, up 3 percent from the previous quarter but down less than 1 percent from a year ago. The
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