Last year’s downturn in the housing market didn’t last, even with higher interest rates. Now prices are stabilizing as supply chains ease up.
But there are signs that a recovery is underway. Sales of newly built single-family homes jumped in May to the highest level since February 2022, according to the most recent data from the Department of Housing and Urban Development and the Census Bureau. That marked a 12.2 percent increase compared with the previous month.New homes also made up 31 percent of the total inventory in May, compared with a more typical, pre-pandemic 15 percent, according to the National Association of Home Builders.
Location matters. Seasonally adjusted data showed that of the 20 largest metro areas tracked by the index, only one saw price drops between March and April. Prices in Boston rose 1.5 percent over the month. In Charlotte, 0.7 percent.Five years ago, Jay Thompson bought his house in Matlacha, Fla., for $375,000. Back then, he didn’t think he’d be there for the long haul; he likes to fish, and his wife wanted to be closer to the beach.
Still, Thompson wonders if sellers in the area will keep chasing last year’s peak sale prices even as the market recalibrates.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
The Gartner Supply Chain Symposium/Xpo™ 2024 conferenceGartner Supply Chain Symposium/Xpo provides CSCOs the opportunity to access expert guidance, actionable tools and peer insights to amplify their impact and lead business acceleration. Save the date for GartnerSC 2024: CSCO SupplyChain
Leer más »
Brush fire threatens homes, prompts evacuations near CoronaA brush fire was spreading near Corona Saturday afternoon, threatening homes as firefighters looked to halt the progress of the flames.
Leer más »
Issues, hazardous living conditions continue at Wilbeth Arlington Homes with no response from ownershipSales showed us her apartment and the issues that were ongoing. She pointed to mold in her bathroom. She showed how she washes her dishes from a plastic bucket.
Leer más »
Torbay appeal for more dementia carers to open up homesThe Filo Project matches people with moderate dementia with hosts who open up their homes for a day.
Leer más »
See all homes sold in these New Jersey counties, July 3 to July 9Real estate transfers in New Jersey counties reported from July 3 to July 9.
Leer más »
Nearly 29% fewer homes hit N.J. real estate market last monthEvery state in the U.S. saw fewer home listed for sale in June compared to the same month last year, according to Realtor.com
Leer más »