Yearly Archives: 2023

Market Statistics September 2023

Tourist Bookings to Hawaii Down 50 Percent Since Maui Wildfires

According to AAA, two months following the devastating wildfires in Maui, most of West Maui will begin to reopen to visitors on Sunday, October 8, 2023. The tragic wildfires killed 97 people and destroyed much of the historic town of Lahaina. The loss of life, property, cultural and historic sights, and livelihoods has led to…

Greater Las Vegas Home Sales Down 10 Percent Annually in September

Yet home and condo prices hold steady last month Las Vegas Realtors are reporting this week that prices for local Southern Nevada homes and condos are holding steady, matching prices from one year ago. LVR reported that the median price of existing single-family homes sold in Southern Nevada through its Multiple Listing Service (MLS) during September…

Most U.S. Homebuyers Say Buying a Home is More Stressful Than Dating in 2023

According to a new Redfin-commissioned survey, nearly two-thirds of recent U.S. homebuyers (59%) think purchasing a house is more stressful than dating. Daryl Fairweather “Getting ghosted by your date is stressful, but purchasing a home in today’s market comes with its own unique set of anxieties,” said Redfin Chief Economist Daryl Fairweather. “Buyers are increasingly…

Market Statistics September 2023

3 Practical Lessons We Learned from the Popular House Hunters

A RE/MAX agent who appeared on the popular home search show shares his takeaways for those starting their real estate journeys. Anyone who has watched HGTV’s longtime hit show “House Hunters” understands the suspense it brings – will the buyers choose the rural roomy craftsman? Or will they compromise on space to live in their…

Hong Kong Residential Sales Slowing in 2023 from Economic Uncertainty

Slowdown forcing Hong Kong developers to reduce prices or delay projects According to JLL’s latest Hong Kong Residential Market Monitor released this week, amongst Hong Kong projects completed in the first half of 2023, only 55% of units were sold as of the end of June 2023, lower than the average sell-through rate of 78%…

Zombie Properties Increase in U.S. as Foreclosure Activity Grows in 2023

Based on ATTOM’s newly released third-quarter 2023 Vacant Property and Zombie Foreclosure Report, 1.3 million (1,277,612) residential properties in the United States are vacant. That figure represents 1.3 percent, or one in 79 homes, across the nation – the same as in the second quarter of this year. The report also reveals that 315,425 residential…

Measurabl Partners with Voya Investment Management

Measurabl, the world’s most widely adopted ESG (environmental, social, governance) platform for real estate, has secured a significant partnership to provide sustainability due diligence (DD) on all commercial real estate (CRE) loans issued by Voya Investment Management (Voya IM). This is a notable milestone for Measurabl’s new due diligence offering, as it demonstrates its ability…

Annual Home Price Growth in America Drops to 11 Year Low in May

Based on CoreLogic’s latest Home Price Index for May 2023, annual U.S. single-family home price growth slowed for the 12th straight month in May, falling to 1.4% increase year over year. The last time CoreLogic’s Home Price index saw annual growth fall to less than 2% was in early 2012, but U.S. appreciation still remained…