Residential Real Estate News
Top Residential Real Estate News
Greater Miami Area Home Prices Jump 15 Percent Annually in 2023
Based on new data from the Miami Association of Realtors, greater Miami area single-family home sales increased 1.3% year-over-year in December 2023, from 744 to 754.
2023 U.S. Home Sales Was Worst Year in 3 Decades Says NAR
According to the National Association of Realtors, U.S. existing-home sales retreated again in December 2023. Among the four major U.S. regions, sales slipped in the Midwest and South, rose in the West and were unchanged in the Northeast. All four regions experienced year-over-year sales decreases.
Greater Orlando Total Residential Sales Drop 20 Percent in 2023
According to the Orlando Regional Realtor Association, greater Orlando's overall median home price in 2023 was recorded at $370,500, an all-time high and a slight increase of 1.5% compared to 2022 when the overall median home price was recorded at $365,000.
U.S. Construction Materials Input Prices Fall Sharply in December
According to the Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics' Producer Price Index data, U.S. construction input prices decreased 0.6% in December 2023 compared to the previous month. Nonresidential construction input prices decreased 0.4% for the month.
