A landmark settlement announced last week that could change how the National Association of Realtors handles real estate transactions has sparked headlines about potential price drops in the U.S. housing market. But in virtually all.
Merritt Burnham thought he broke the cycle of paycheck-to-paycheck living when he bought his one-bedroom Summit County condominium in 2020. At age 28, Burnham had spent his adult life as a renter facing continuous cost.
The three most expensive home sales in Summit County in 2023 sold for a combined $25.4 million, nearly half of which was just for one home. The top seller this past year was a 6,200-square-foot,.
After a year of repeated interest rate hikes that brought borrowing levels to the highest point in more than 20 years, the U.S. Federal Reserve recently signaled that rates might be coming down in 2024. .
Summit County’s average single-family home price is flattening, a trend that began earlier this year after a decade of continuous growth. At the same time, the average price for multifamily homes, such as condos, duplexes.