February 2024 Real Estate Updates

February 2024 Real Estate Updates.  — while redfin agents are reporting a modest uptick in touring, pending home sales are down 5% year over year. Portfolios must be rebalanced, and distressed assets repurposed.

More snow than usual fell across parts of the country, but the seasonally adjusted data implies a continuing housing shortage.  — realmls’s market snapshot for february 2024 shows that closed sales are down year over year, but active inventory and new listings are up 60.6% and 57.4%.