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Press Release: CTO Realty Growth Announces First Quarter 2025 Earnings Release and Conference Call Information
The contract signing volume of second-hand houses in the USA has slightly rebounded, benefiting from improved weather and increased supply.
In February, the number of signed contracts for second-hand homes in the USA slightly rebounded from a record low, as improved weather and increased supply brought some optimism for the spring selling season.
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February New-Home Sales Rise Less Than Projected as Prices Fall
The USA housing market's leading indicator of new home sales is warming up, but inventory has reached the highest level since 2007, and house prices have dropped 1.5% year-on-year.
In February, new home sales in the USA increased by 1.8% month-on-month, compared to an expected increase of 3.5%, while the previous January value showed a significant drop of 10.5%. In February, the supply of newly built homes rose by 0.8%, reaching 0.5 million units, the highest level since 2007. The median sale price of new homes decreased by 1.5% compared to last year, falling to 0.4145 million dollars.
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February US New-Home Sales Rise Less Than Expected, Up Year-Over-Year
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Home Prices Likely Kept Climbing in January. Why a Slowdown Is Coming. -- Barrons.com
US New-Home Sales Expected to Rebound in February After January Decline
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In February, home sales in the USA far exceeded expectations, with prices reaching a new high and inventory being released.
In February, the USA's total sales of existing homes were annualized at 4.26 million units, significantly better than the expected 3.95 million units; existing home sales increased by 4.2% month-on-month. The median price of existing homes in February rose by 3.8% year-on-year, reaching 0.3984 million dollars, setting a record for February since records began. By the end of February, the inventory of homes for sale was 1.24 million units, the highest level for February since 2020, representing a 17% increase compared to February last year.
US Existing Home Sales Surged 4.2% in February: What to Know
February Existing-Home Sales Post Surprise Gain, NAR Data Show
Home Sales Jumped in February. It's Not a Sign the Slump Is Over. -- Barrons.com