According to a recent Redfin report, only 25 out of every 1,000 U.S. homes changed ownership in the first eight months of 2024, marking the lowest housing turnover rate in 30 years.
In August 2024, existing-home sales dropped, according to the National Association of Realtors (NAR) latest data. Three out of four major U.S. regions experienced declines, while the Midwest remained unchanged. Compared to the previous year, sales fell in three regions but held steady in the Northeast.
This week the Federal Reserve did follow through with its much-anticipated interest rate reduction as expected by many Wall Street analysts.
Miami-based real estate technology developer, World Property Ventures, has revealed plans to design and build a new next-generation global real estate listings search engine, dubbed WORLD PROPERTY SEARCH.