Home sales fell month-to-month in all regions except the West, and dropped the most in the Northeast.
Short supply continues to push both competition and prices higher. The median price of a home sold in July was $406,700, an increase of 1.9% from July of last year.
"Home shoppers have seen the number of options dwindle as homeowners are largely content to stay put and enjoy their current home, especially those with a low mortgage rate," said Danielle Hale, chief economist at Realtor.com. Buyers continue to use cash to gain a competitive advantage. All-cash sales made up 26% of transactions, the share same as June but up from 24% in July 2022.
First-time buyers appear to be gaining steam again. The Realtors reported 30% of sales going to these buyers, up from 27% in June.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Far West Side home damaged by spreading brush fire, fire officials sayA brush fire is believed to be the cause of a fire at a far West Side home late Saturday night, according to the Bexar County Fire Department.
Read more »
SWAT dispatched to Cleveland home after man reportedly fires weapon, barricades in homeCleveland Police blocked off an east-side street during a SWAT situation Sunday.
Read more »
Man arrested after grabbing women in bizarre home-to-home rampage in El CajonOne woman was punched in the neck; police say the assailant was trying to force victims into their homes with the intent to rape them
Read more »
33 Things To Help Make Every Room In Your House More ComfortableBecause a cozy home is the best home.
Read more »
China's land sales revenue down for 19th straight month in July By ReutersChina's land sales revenue down for 19th straight month in July
Read more »
Washington man shot and killed Saturday night in Northeast D.C.The shooting happened Saturday night in the 2100 block of H Street NE.
Read more »