U.S. Home Prices up a Record-Setting 13 Percent Annually in August
According to a new report by Redfin, U.S. median home sale prices increased 13% from August 2019 to $319,178–the highest on record. This 13% year-over-year increase was the largest since October 2013. “Home price growth this high is making the housing market especially difficult for first-time homebuyers right now,” said Redfin chief economist Daryl Fairweather. […]
Orlando Housing Inventory Continues Free-fall as Prices Spike
The Orlando Regional Realtor Association is reporting this week that Orlando’s median price also continued on its upward path, while inventory again fell to a new low in August 2020. “Lack of inventory — not lack of buyer activity, as you would expect — is clearly shaping up to be the concerning result of the […]