America ’ s Most Interesting Real Estate News
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U . S . Home Sales Fell To NearRecord Levels
U . S . home sales fell to nearrecord levels in May . Sales came in at 408,000 in May 2024 , which was the lowest monthly total other than May 2020 in the early days of the pandemic and in October 2023 , when mortgage rates shot up to their highest rates since the early 2000s . Despite the low number of homes sold , prices reached record levels of almost $ 440,000 .
America ’ s New Tallest Skyscraper
Move over New York and Chicago , a new city has plans to build the country ’ s tallest skyscraper . Plans have been launched in Oklahoma City for a 1,907foot skyscraper that would be taller than New York ’ s World Trade Center and Chicago ’ s Willis Tower . If actually built , the $ 1.2 billion project would include two apartment buildings , some lowincome housing , a hotel and condos . Construction is scheduled to start in late 2024 .
California Median Home Prices Hit $ 900,000
For the first time , median home prices have hit $ 900,000 in California . According to the California Association of Realtors , the median sale price of a home in California soared to $ 904,210 in April — up 11.4 % from the year prior .
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