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Home Listings Surge To Record $698 Billion As Buyers Back Off Home Listings Surge To Record $698 Billion As Buyers Back Off
Home Listings Surge To Record $698 Billion As Buyers Back Off A swelling supply of unsold homes and a slowdown in buyer activity have sent the housing market to a record high — $698 billion in total listings, the largest dollar value seen in more than a decade. That figure, reported by Redfin, is based on the combined asking prices of all active home listings across the US at the end of April. It marks a 20.3 percent increase from one year ago, and the highest value since Redfin began tracking the data in 2012. Much of that growth is driven by stale inventory. More than $330 billion worth of homes have sat on the market for 60 days or longer, accordin…

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by Joe Lombardi
Real Estate
Spring Housing Market Slumps Under Trump's Tariffs, Builders Warn Spring Housing Market Slumps Under Trump's Tariffs, Builders Warn
Spring Housing Market Slumps Under Trump's Tariffs, Builders Warn Homebuilders are warning about a slow spring due to President Donald Trump's sweeping tariffs and high interest rates, according to a new survey. Builder confidence dropped sharply in May, falling to 34 on the National Association of Home Builders/Wells Fargo Housing Market Index released on Thursday, May 15. That's down six points from April, matching the low from November 2023 and marking the worst reading since December 2022. In the Northeast, sentiment slipped three points to 44 on a three-month moving average. A score above 50 means more builders see conditions as good than p…

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by Chris Spiker
Lifestyle
Maryland Community 'Best Place To Live For Families," New Fortune Report Finds Maryland Community 'Best Place To Live For Families," New Fortune Report Finds
Maryland Community 'Best Place To Live For Families," New Fortune Report Finds If you know, you know.  It's no secret to Montgomery County residents, but Fortune made it official, naming Silver Spring the "best place to live for families" in a newly released ranking after landing third last year. "This impressive accolade reflects to what many of us already know - we are committed to fostering a community that supports families in every way possible," Montgomery County Executive Marc Elrich wrote in a lengthy statement. "Silver Spring's top ranking as a family-friendly home speaks volumes about the quality of life we offer."  The ranking was based…

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by Zak Failla