According to national property broker Redfin, listings of homes for sale in the several Southwest Florida cities like the Cape Coral-Fort Myers metropolitan area have recovered after plunging in the wake of Hurricane Ian last fall, and sales have begun to bounce back.
According to national property broker Redfin, the number of homes for sale in the U.S. fell 7.1% year over year to 1.4 million on a seasonally adjusted basis in May 2023. That's the lowest level in Redfin's records, which date back to 2012, and the first annual decline since April 2022.
Zillow is reporting this week that U.S. homebuyers are saying goodbye to bland and bidding more on homes with dusky, dramatic walls.
Based on Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 6.69 percent as of June 15, 2023.
According to Redfin, the median U.S. asking rent fell 0.6% year over year to $1,995 in May 2023 -- the largest annual rent decline since March 2020. That compares with a near-record 16.5% increase one year earlier. May's drop also represented the first annual decline since March 2020 on a revised basis. The median asking rent rose 1.4% from a month earlier in May.
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