November 17, 2024 1:25 am
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Great divide: Low-priced home sales sink; high-priced ones rise

home sales]By Doug Carroll | USA Today

Tuesday’s report on existing home sales last month highlights how tough the market is for buyers of lower-priced homes, especially in parts of the high-priced West.

March sales of previously owned homes fell to their slowest annual pace in 20 months, down 0.2% from February to 4.59 million, the National Association of Realtors reported. It was the third straight monthly decline.

Year over year, the sharpest drop-offs are at the low end of the housing market, continuing a trend visible for two years.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.