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【CNBC】New homeowners should do one key task for long-term tax savings, real estate attorney says

  • If you just bought a house, it may be a good time to check the accuracy of your property tax assessment, experts say. 
  • If there’s inaccurate information, you likely already have most of the necessary documents on hand to get the appeal started.
  • “You’ve gotten a wealth of information about your house, whether you realize it or not,” said Sal Cataldo, a real estate lawyer and partner at O’Doherty & Cataldo in Sayville, New York. 

【CNBC】April home sales dropped to the slowest pace for that month since 2009

  • Home sales in April fell, as consumers faced high house prices and growing concern over the economy and employment.
  • “Home sales have been at 75% of normal or pre-pandemic activity for the past three years, even with seven million jobs added to the economy,” said Lawrence Yun, NAR’s chief economist.
  •  The median price of an existing home sold in April was $414,000, an increase of just 1.8% year over year.

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【World Property Journal】Opportunity Zone Home Prices Surpass National Growth in Half of U.S. Markets

Median home prices rose in nearly half of U.S. Opportunity Zones in the first quarter of 2025, reflecting continued housing market momentum even in some of the nation's most economically distressed communities, according to a new report from property data provider ATTOM.

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【Zillow】April 2025 Existing Home Sales Fall Ahead Of Peak Uncertainty

  • Existing home sales fell 0.5% in April to a seasonally adjusted annual rate (SAAR) of 4 million. Sales were 2% lower than in April 2024, according to the National Association of Realtors (NAR).
  • Total housing inventory at the end of April increased to 1.45 million units. That’s up 9% from March and 20.8% higher than a year ago.
  • The median existing-home sales price in April was $414,000, up 1.8% from a year ago.

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【Zillow】April 2025: Despite The Headwinds, New Home Sales Blow Past Expectations

  • There were 743,000 (SAAR) new single-family home sales nationwide in April. That’s a 10.9% increase from the revised March rate of 670,000. Sales of newly built homes are 3.3% above the April 2024 estimate, according to the U.S. Census Bureau.
  • The median price of new houses sold was $407,200, down 2.0% from a year ago.
  • The seasonally adjusted estimate of new homes for sale at the end of April was 504,000, a supply of 8.1 months at the current sales rate. This is down from 9.1 months in March and higher than the 7.7 months in April 2024.

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