The Real Estate Wire | NEWS

Access to Zillow’s August 2024 Case-Shiller report is currently restricted, highlighting the challenges in obtaining essential real estate data. This trend underscores the importance of authorized access to valuable market insights.

January 2025 saw tech hubs dominating the US housing market, with seven out of ten most-viewed homes in the Bay Area. High-price listings indicate strong demand from affluent buyers despite market uncertainties.

In February, the National Association of Home Builders' Housing Market Index fell to 42, the lowest since September, due to rising construction tariffs and elevated mortgage rates, diminishing homebuilder confidence.

Existing home sales in the U.S. increased by 3.4% in October 2024, reaching a seasonally adjusted rate of 3.96 million units. This improvement followed over three years of declining sales and suggests a potential recovery in the housing market.

The January 2025 wildfires in Altadena, California, left many residents, including seniors, in despair as they faced immense losses, underscoring the urgent need for climate resilience and support for vulnerable populations during disasters.

With winter's lower competition, motivated sellers, and historically lower prices, now is an ideal time for buyers to strike a deal—avoiding the spring rush and potential price hikes.