The median sale price of homes jumped 11% year over year by July 25. The price, $315,000, its the highest sale price registered since 2014.

Median listing prices have grown in 48 out of 50 metros of the country, and Northeast markets are outperforming the rest.

Experts report that the past month, new single-family home sales rose to 13.8%, a seasonally adjusted rate of 776,000, which is the highest rate since 2007.

 

Rent prices for a single-family home grew by only 1.7 percent in May across the country — the lowest increase since July 2010.

That number is, according to data from property analytics provider CoreLogic, down from 2.9 percent growth in May 2019. In April, rent prices grew at 2.4 percent which was, at the time, also the lowest growth in [...]

Reports show that rural properties' selling prices are rising significantly due to the pandemic.

 

Wealthy investors are using the COVID19 crisis as an opportunity to expand their portfolios in the real estate market. During this unprecedented time there are many potential bargains to be made and opportunities to increase one’s allocations to property. 

Welcome to the sellers market! Real estate is selling at the fastest pace in two years.

 

Statistics show that the real estate market is not going through its best moment, which brings us to question, how has COVID-19 impacted the housing supply?

 

Real estate agents report that June was the second month in a row in which high competition occurred. Bidding wars within the United States were more common than expected.

 

 

As New England welcomes Cam Newton, and Charlotte says goodbye, he's ready for his parting gift. After buying his condo there for $1.2M in 2012, he's now asking for $2.9M.

Ardie Tavangarian, a developer in LA, has a penchant for luxurious homes. His 2019 home sold for a quick $75M, but his latest creation, a villa with two safe rooms and a retractable roof for stargazing, isn't for sale. Instead, he's renting out the Palisades estate.

We said we'd keep you updated on Elon Musk's real estate escapade, and we're a Castle of our word. Musk is doing well for himself in the luxury property market, and is rumored to have a sweet deal on the table with a developer for a chunk of his remaining properties.

There are an estimated 363,000 fewer properties this June than last.

When Drake said "4,000 square feet just isn't as spacious," we didn't anticipate 50,000 was the magic number. Maybe the private 747 should've given it away... Take a look at Aubrey Grahams house in Toronto's Billionaire Row, Bridle Path.