Top Residential Real Estate News

U.S. Home Sales Decline for 12 Consecutive Months in January

According to the National Association of Realtors, existing U.S. home sales fell for the twelfth straight month in January 2023. Month-over-month sales were mixed among the four major U.S. regions, as the South and West registered increases, while the East and Midwest experienced declines. All regions recorded year-over-year declines.

California Home Sales Down 46 Percent Annually in January

According to the California Association of Realtors, California home sales slightly edged up in January 2023 for the second straight month, but down 45.7 percent annually from January 2022.

Percentage of All Cash Buyers Declined in America in Late 2022

National property broker Redfin is reporting roughly one-third (31.2%) of U.S. home purchases were paid for with all cash in December 2022. That's up from 28.8% a year earlier but down from the eight-year high of 31.9% hit in November 2022.

Orlando Area Home Sales Drop to Lowest Levels 14 Years in January

According to new data from the Orlando Regional Realtor Association, overall home sales fell 24.9% from December 2022 to January 2023. There were 1,674 sales in January and 2,230 sales in December. This is the lowest number of monthly home sales since February 2009.

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