yahoo real estate listings Archives

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

10/07/202321/04/2025dansa

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 report the surge in inventory that occurred in 2022 as higher mortgage rates were priced out by many home shoppers, the number of homes for sale was not kept up. With 1 in 7 homeowners choosing not to sell this year citing high mortgage rates, and even 4 in 5 home shoppers (82%) report feeling locked-in by their existing low-rate mortgages, the housing market is not getting the influx of homes for sale that it typically does, and this is reflected in what’s available for sale. We expect inventory in 2023 to continue to struggle to keep pace and likely decline for the year as a whole.

• New listings–a measure of sellers putting homes up for sale–were down again this week, by 21% from one year ago. The number of newly listed homes has been lower than the same time the previous year

HOW TO THRIVE IN A RECESSION

06/07/202321/04/2025dansa

As we find ourselves on the brink of an economic downturn, it’s normal to be experiencing a little anxiety. The headlines are dominated by news of job losses, syndication deals not meeting projections, and businesses closing up shops, all painting a pretty grim picture of the financial landscape.

The fear many have in times of economic uncertainty often stems from not knowing the future. However, history has shown that those with the right mindset and strategy can succeed during these downturns. Some even look forward to such challenging times with excitement and optimism.

I believe that as a community, we can do better.

We can choose to face these challenges bravely. The key is not just surviving a recession, but to thrive by having a healthy mindset that embraces challenges and perceives this season not just as a crisis, but as an opportunity.

Learn more by subscribing to our Youtube channel… CLICK HERE!

1. Recognize the Reality: Embrace the Economic Winter

Last year the GDP showed multiple quarters of negative growth. The last few months have seemed split – tons of negative news and at the same time showing some positive signs (S&P 500 approaching a fresh 52-week high).

Phillies Legend Jimmy Rollins Relists Exceptional Encino Home for $10.8M

05/05/202321/04/2025dansa

When a home’s price is reduced, it’s typically a play to coax potential buyers onto the field. But will someone step to the plate and take a swing at this Southern California mansion?

Owned by former Philadelphia Phillies shortstop Jimmy Rollinsthis home in Encino, CA, will still require ample of cash—even with the nearly $1 million discount.

The nine-bedroom, 11-bath dwelling has returned to the market for $10.8 million, after listing last year for $11.75 million.

Spread over 11,000 square feet on a half-acre lot, Rollins’ residence is a modern gem.

Situated in the highly sought after Royal Oaks community, the posh home is pristine in every way. Vaulted ceilings, two huge staircases, balconies, and incredible views all wow the senses as you enter. A gorgeous great room is warmed by a fireplace and opens through huge doors to a lovely backyard and patio.

The kitchen is packed with amenities, including two islands (one for eating and one for prepping), double fridges/freezers, two ovens, and lots of wine storage.

Another fireplace is found in the primary suite, which also features its own private

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

19/04/202321/04/2025dansa

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 in 2022

The article says the median list price for homes sold in Erie in March was $197,450. Houses in this area of Pennsylvania are selling two weeks faster now than they did at this time a year ago.

In 2022, homes spent an average of 71 days on the market before they were sold. Today, it takes just 58 days. Of course, home prices in Erie are considerably lower than the national average, which was $424,000 during March.

Nanci Lorei, of Marsha Marsh Real Estate, is quoted in the article, saying, “There’s definitely a huge shortage (of homes for sale) right now.”

Thanks to Greg Rubino for sending along this interesting article.

Living: Erie rental market includes new and unique options, but not everyone can pay rising costs

● A federal judge on March 30 ruled Major League Baseball must settle a suit with

US man dies from stroke days after realtor found him but didn’t call for help | North Carolina

15/04/202321/04/2025dansa

A US family has demanded an investigation after its patriarch reportedly died within days of having a stroke in his home and being found but left on the floor by a real estate agent who never called anyone for help.

Loved ones of the dead man – 69-year-old Randy Vaughan of North Carolina – are raising questions about whether the realtor should have been expected to do more. The state agency that oversees realtors in North Carolina has indicated it is opening an inquiry into the case and is scheduling interviews with Vaughan’s family about his death, the Winston-Salem Journal newspaper reported Friday.

“It’s about basic decency, caring for your fellow human beings and being a professional,” Vaughan’s brother, Doug, said to the Journal.

The realtor, for her part, reportedly told the Journal she has “an attorney involved” and has “no liability”.

According to the Journal, the Vaughans became worried when they didn’t see or hear from Randy on his grandson’s birthday. His daughter, Heather, drove to his home on 14 February and didn’t see his truck in the driveway, so she called authorities to check whether he was at a weekend house along High Rock Lake that he was

Realtors say roosters taking over Phoenix neighborhood deterring potential buyers

14/03/2023dansa

PHOENIX (3TV/CBS 5) — There are chickens and roosters all over yards and even some roofs in one Valley neighborhood. Many residents in the area say they enjoy it, but a real estate agent says it could be impacting home values.

For years, chickens and roosters have been roaming the neighborhood south of the Biltmore area, and they seem to be multiplying. The city of Phoenix says they have not received any recent complaints, but a realtor here in the Valley says selling there has been a challenge.

If you take a drive through the neighborhood of 34th Street and Earll, you will find roosters, chickens and even peacocks all over people’s yards, on roofs, and even crossing the streets. “I’ve been here 50 years the chickens were here before me,” resident Andrew Trombetta said. He explains why he believes the birds are still in the area. “Before the houses were built there were four farms and they had the chickens and let them run loose and once the houses were built the chickens were still there,” he said.

The city of Phoenix says because the birds are feral and have no ownership claims, there is no code they can