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Commonly Asked Questions about Residential Real Estate Sales

A lot of people become real estate agents with the idea of being able to make their own schedule, only to find out that they are working more than they used to. Real estate is a stressful job, even if you work part-time. If you dont manage your time well and take control of your schedule, youll eventually burn out.
New home sales declined 11.3% to a seasonally adjusted annual rate of 619,000 units last month, the lowest level since November, the Commerce Departments Census Bureau said. The percentage-based drop was the biggest since September 2022.
Realtor Tells Us How He Sold a Record-Setting 3,556 Homes in One Year. The Guinness World Records recognizes all kinds of superlatives, from the largest pizza (13,580.28 square feet) to the fastest hovercraft (85.38 mph).
ing to Lawrence Yun, chief economist at the NAR, home sales have seen little improvement since last year and are still at a near 30-year low. Toward the end of May, mortgage applications were 10% below last years pace, ing to the Mortgage Bankers Association.
US Existing Home Sales is at a current level of 3.89M, down from 4.11M last month and down from 4.11M one year ago. This is a change of -5.35% from last month and -5.35% from one year ago.
The homeownership rate in the United States rose slightly in 2022, docHubing the highest figure since 2011. However, in 2023 the proportion of households occupied by owners declined to 65.7 percent.
There are currently 1,810,997 residential homes for sale in the United States. Based on Redfin calculations of home data from MLS and/or public records.
Existing-home sales keep ticking downward The count of existing-home sales includes all completed resales, including single-family houses, condos, townhouses and co-ops. ing to NAR, the number of sales nationally fell 5.4 percent year-over-year to an annual pace of 3.89 million transactions in June 2024.