#home-sales

#home-sales

In Nutley, NJ, many homes are selling well above their asking price, driven by demand for updated properties and desirable community amenities.

A house in Los Gatos sold for $1.5 million, making it the most affordable real estate sale in the area in the past week.

The labor market is experiencing a freeze, with low numbers of Americans quitting or being fired, leading to a longer period on unemployment rolls for many individuals. Employers are turning to AI to enhance productivity in their workforces, particularly impacting young college graduates who face challenges finding entry-level positions.

U.S. home sales in May fell by 11% year-over-year, marking the largest annual decrease in a year, as economic uncertainty persists and mortgage rates remain elevated.

President Donald Trump reaffirmed his commitment to removing taxes on capital gains from home sales, which could significantly impact homeowners and the real estate market.

In Dallas, 8% of listings are at risk of selling for less than homeowners bought them for, a significant increase from last year, reflecting broader market trends.