Realtor.com Reports Weekly Active Inventory Down 2% YoY; New Listings Down 21% YoY

by Calculated Risk on 7/09/2023 08:12:00 AM Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report from economist Danielle Hale: Weekly Housing Trends View — Data Week Ending July 1, 2023 • Active inventory declined, with for-sale homes lagging behind the year ago levels by 2%. As we […]

Continue Reading

Homes in Erie are selling faster than anywhere else in the United States

Homes are selling faster in Erie than in any other city in America, according to a realtor.com article. Of the top five cities listed where homes are selling fastest, Erie is followed in order by Traverse City, Michigan; Youngstown, Ohio; Peoria, Illinois; and Charleston, West Virginia. more: See Erie County’s 10 most expensive homes sold […]

Continue Reading

Does a Canadian realty price-fixing lawsuit have merit?

A proposed class-action lawsuit alleges that some of Canada’s largest brokerages and real-estate associations are engaged in price-fixing to inflate Realtor commissions. Brokerages named in the lawsuit include ReMax, Century 21, and IproRealty Ltd., as well as the Canadian Real Estate Association and the Toronto Regional Real Estate Board. The lawsuit claims that there is […]

Continue Reading

Realtors predict the end of a frenetic market in 2023

Illustration: Brendan Lynch/Axios Realtors across the country foresee an increasingly buyer-friendly housing market in 2023, a major shift from the frenetic and expensive pandemic-era housing boom. Driving the news: The housing market has slowed — thanks to mortgage rates hovering around 6%. Axios polled more than 75 experts across Axios Local cities to find out […]

Continue Reading