As Tropical Storm Hilary now substantially weakens this week, real estate data provider CoreLogic estimates that approximately 1,553,803 residential homes in the western U.S. were at an elevated risk of inland riverine flooding over the last few days. This includes both single- and multifamily residential properties.
Based on new data from Redfin, roughly 14 of every 1,000 U.S. homes changed hands during the first six months of 2023.That's down from 19 of every 1,000 during the same period of 2019 and the lowest turnover rate in at least a decade.
According to a new report from national property broker Redfin, the total number of U.S. homes for sale dropped 6% from a year earlier during the four weeks ending June 11, 2023, the biggest decline in 13 months.
According to the California Association of Realtors, a surge in mortgage interest rates suppressed California home sales in April 2023, while the statewide median home price climbed above the $800,000 level for the first time in six months.