A new report by CoreLogic revealed the September quarter saw the highest level of profitability for property sales in more than a decade. The rate of profit-making resales across Australia rose 92.4 percent during the three months and was the fifth consecutive quarter where the rate of profit-making sales increased. The national median gain was…
Australian Homeowners Profit From Sales Amid COVID-19 Lockdowns
January 18, 2022
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Record-High US House Prices, Tight Supply Weigh on Sales
WASHINGTON—U.S. home sales fell for a fourth straight month in May as record-high prices amid low inventory frustrated potential buyers, a trend that could persist for a while, with builders unable to deliver more houses because of expensive lumber. The decline in sales reported by the National Association of Realtors on Tuesday was concentrated in…
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Orange County Detached Homes Now Fetching $1.1 Million
Commentary The median sales price for a detached home in Orange County has risen to $1.1 million, up 22 percent from the $900,000 median sales price in 2020. This rapid price increase is driven by strong demand and a low number of homes for sale. Across all of Southern California, the average home is expected…