{"id":10636,"date":"2024-01-27T17:49:05","date_gmt":"2024-01-27T17:49:05","guid":{"rendered":"https:\/\/imsfund.com\/?p=10636"},"modified":"2024-01-27T17:49:05","modified_gmt":"2024-01-27T17:49:05","slug":"home-sales-dampened-by-severe-winter-weather-redfin-says","status":"publish","type":"post","link":"https:\/\/imsfund.com\/index.php\/2024\/01\/27\/home-sales-dampened-by-severe-winter-weather-redfin-says\/","title":{"rendered":"Home sales dampened by severe winter weather, Redfin says"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-107364427\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>A &#8220;For Sale&#8221; sign stands outside a home following a snow fall in Geneseo, Illinois, U.S., on Monday, Jan. 20, 2020. The National Association Of Realtors is scheduled to release Existing Homes Sales figures on January 22. Photographer:<\/p>\n<p>Bloomberg | Bloomberg | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>Severe winter weather is hindering home sales across the country, according to a <a href=\"https:\/\/www.redfin.com\/news\/housing-market-update-prices-rise-pending-sales-fall\/\" target=\"_blank\" rel=\"noopener\">Thursday report<\/a> from real estate company <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-2\"><a href=\"https:\/\/www.cnbc.com\/quotes\/RDFN\/\">Redfin<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span>.<\/p>\n<p>The median U.S. home-sale price has been steadily increasing, rising around 5% in the first four weeks of January, alongside asking prices, Redfin reported. While low inventory \u2013 down 4% year over year \u2013 and increased purchasing power have contributed to the high price tags, Redfin said winter weather has also factored into sluggish sales.<\/p>\n<p>Pending home sales are down more than 8% year over year, which Redfin reported as the biggest decline in four months. With potential homebuyers in areas facing severe winter weather staying home, that number has continued to climb.<\/p>\n<p>The winter season has been plagued by an <a href=\"https:\/\/www.nbcnews.com\/news\/weather\/live-blog\/live-updates-extreme-winter-blast-targets-us-wind-snow-ice-rain-threat-rcna133795\" target=\"_blank\" rel=\"noopener\">arctic freeze<\/a>, dangerous <a href=\"https:\/\/www.nbcnews.com\/news\/us-news\/least-72-dead-27-tennessee-alone-early-winter-storms-continue-pummel-u-rcna135030\" target=\"_blank\" rel=\"noopener\">snow and ice storms<\/a> across the country and even <a href=\"https:\/\/www.nbcnews.com\/news\/weather\/vision-el-nino-producer-historic-california-storms-may-outdated-rcna125039\" target=\"_blank\" rel=\"noopener\">heavy rain<\/a> across drought-stricken California. The Midwest experienced near-record lows holding steady at subzero temperatures.<\/p>\n<p>&#8220;Real estate is usually slow in the Midwest in the winter, but this year it&#8217;s even slower than usual because the weather has been so extreme,&#8221; Redfin\u00a0agent\u00a0Christine Kooiker from Michigan said in a release. &#8220;Casual house hunters are staying home to avoid the roads \u2014 but inventory is low enough that serious buyers are finding a way to see desirable homes. I also believe we&#8217;ll get busier as we approach spring.&#8221;<\/p>\n<p>Real estate agents from warmer climates reported more active buyers and sellers, even with the mortgage rates stable in the high 6% range, Redfin added.<\/p>\n<p>For the first month of 2024, the median home sale price was around $360,000, according to Redfin. Metros with the biggest year-over-year price increases included Anaheim, California, which saw a 13.6% jump; New Brunswick, New Jersey, at 13.5%; and Miami, Florida, at 13.3%.<\/p>\n<p>Home sales in December <a href=\"https:\/\/www.cnbc.com\/2024\/01\/19\/december-home-sales-slump-to-close-out-worst-year-since-1995.html\">slumped to close out<\/a> the worst year since 1995, according to the National Association of Realtors.<\/p>\n<\/div>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.cnbc.com\/2024\/01\/25\/home-sales-dampened-by-severe-winter-weather-redfin-says.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A &#8220;For Sale&#8221; sign stands outside a home following a snow fall in Geneseo, Illinois, U.S., on Monday, Jan. 20, 2020. The National Association Of Realtors is scheduled to release Existing Homes Sales figures on January 22. Photographer: Bloomberg | Bloomberg | Getty Images Severe winter weather is hindering home sales across the country, according [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":10637,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/image.cnbcfm.com\/api\/v1\/image\/107364427-1706194282700-gettyimages-1195146399-EXISTING_HOME_SALES.jpeg?v=1706194355&w=1920&h=1080","fifu_image_alt":"","footnotes":""},"categories":[9],"tags":[],"class_list":["post-10636","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/10636","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/comments?post=10636"}],"version-history":[{"count":1,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/10636\/revisions"}],"predecessor-version":[{"id":10638,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/10636\/revisions\/10638"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/media\/10637"}],"wp:attachment":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/media?parent=10636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/categories?post=10636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/tags?post=10636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}