Real Estate News 12/19/2024

Today’s News Synopsis:

In The News:

Redfin – “More Sellers Are Listing Their Homes, Hoping to Cash in on High Prices and Demand From Buyers“ (12-19-24)

“New listings posted their second-biggest annual increase since early summer this week, and pending home sales continue to rise.”

NAR – “Property Tax Trends by State and County: What’s Changed Since 2019?“ (12-11-2024)

“In recent years, real estate taxes have exhibited a significant upward trend. Between the pre-pandemic period and last year, the national median annual tax surged by 23%, climbing from $2,480 in 2019 to $3,045 in 2023. This increase has been observed across all states, with each one recording a rise in the annual median tax paid on real estate over this period.”

Yahoo Finance –  “Grocery prices pack some punch as overall inflation holds steady“(12-12-24)

“Groceries prices are up again — just in time for holiday baking and cooking — according to the Bureau of Labor Statistics’ latest inflation numbers. Eggs led the way in an all-too-familiar refrain.”

MPA Mag –  “Is the Fed about to tear up its plan for 2025?” (12-17-24)

“A December rate cut looks to be on the way – but expectations of multiple reductions next year are fading amid a resilient labor market and stubborn inflation”

The Mortgage Point –  “How Big a Bite of American Income Are Bills Consuming Annually?” (12-7-24)

“The average U.S. household spends $25,512 annually on essential household bills—an annual bill spend of roughly $2,126 per month, over one-third (34%) of the U.S. household median income ($74,755).”