Top Residential Real Estate News

Single Family Housing Starts Dip in April

New government data shows U.S. single-family homebuilding and permits fell in April 2024, amid a resurgence in mortgage rates, but new construction remains supported by an acute shortage of houses for sale.

Greater Orlando Area Home Prices Reach Record High in April

According to recent data from the Orlando Regional Realtors Association (ORRA), the median home price in April 2024 reached $388,500, an increase from $386,500 in March. This marks the highest monthly median home price ever recorded in the Orlando area.

Only 17 Percent of Current Residents Can Afford to Buy a California Home in 2024

The California Association of Realtors is reporting that only seventeen percent of the state's homebuyers could afford to purchase a median-priced, existing single-family home in California in the first-quarter 2024.

Record High Monthly Housing Payments Put Chill in U.S. Spring Selling Season

Based on new data from Redfin, the median U.S. monthly housing payment hit an all-time high of $2,894 during the four weeks ending May 5, 2024, up 14% from a year earlier, and home prices rose 4.5% to their own record high.

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