Home Builder Confidence in Boomer Market Leaps Forward

Home builder confidence in the single-family 55-plus housing market took a leap forward in the second quarter of 2017, according to the National Association of Home Builders’ (NAHB) recently released 55+ Housing Market Index (HMI). The Index reading for the second quarter was 66, up a solid 11 points from the first quarter. An above-50 […]

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Pending Home Sales Flop

Pending home sales flopped in May as inventory continued to drag on the housing market, down 0.8 percent in the National Association of REALTORS® (NAR) Pending Home Sales Index (PHSI). The PHSI posted 108.5 in May, down from 109.4 in April. The Index is based on contract signings. “Monthly closings have recently been oscillating back […]

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Trulia: Limited Listings, Limited Window

Housing markets most squeezed by inventory shortages in recent years are seeing listings come off the market in record time. The recently released Trulia® Inventory and Price Watch identifies an ongoing trend in the housing market: the more inventory declines, the less time homes spend on the market. Supply kept falling in the second quarter […]

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NAR: Sellers Say They’re Ready

Many homeowners have been reluctant to list their homes for sale—some by choice, some for fear of being unable to afford a new home, or of coming out in the red. Recently released findings from a survey by the National Association of REALTORS® (NAR) show more homeowners are ready to move on and unload…or, at […]

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Listing Inventory Takes Critical Hit

Listing inventory is taking a critical hit, with 9 percent fewer for-sale homes on the market now than one year ago, a slump not seen in four years, according to the May Zillow® Real Estate Market Reports. The Columbus, Ohio, San Jose, Calif., and Minneapolis, Minn., markets have seen the steepest declines, at around 30 […]

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New-Home Sales Reverse Course in May

New-home sales reversed course in May, with sales of new, single-family homes up 2.9 percent to 610,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). The average new-home sales price was $406,400, while the median was $345,800. New-home listing inventory was 268,000—5.3 months supply. “We are seeing solid […]

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Existing-Home Sales Bloom After Rainy April

Existing-home sales bloomed in May after a rainy April, with the median days on market at a new low and the median sales price at a new high, the National Association of REALTORS® (NAR) reports. Existing-home sales totaled 5.62 million, a 1.1 percent increase from April and a 2.7 percent increase from one year prior. […]

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Low Inventory Is Pushing Prices Up and Days on Market Down

Existing-homes rebounded nicely in May as more buyers navigated the headwinds of weaker affordability and limited listings in the affordable price range. It’s very evident that supply this spring severely lags demand in many parts of the country. It’s a big reason why home prices continue to outpace incomes and reached a new peak high […]

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Research: Rental Demand to Escalate by the Millions

Inventory shortages are weighing down just about every housing market, with supply on all sides—renter- and owner-occupied—on a months-long downtrend. A new multifamily report now estimates that by 2030, some 4 million new apartments alone will be needed to keep pace with demand. “Apartment rentals are on the rise, and this trend is expected to […]

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State of the Nation’s Housing: Affordability Puts Pressure on Progress

Housing has largely bounced back from the crash, with several key gauges again at healthy, pre-collapse levels, according to the newly released State of the Nation’s Housing report, published by the Joint Center for Housing Studies at Harvard University. A definitive recovery in home prices, growth in home-building and unbridled demand are strengthening the market, […]

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Home Prices Charge Upward, Stoked by Strong Sales Pace

Home prices continue to escalate, charging upward 6.9 percent in the first quarter of 2017, according to the latest quarterly report by the National Association of REALTORS® (NAR). The increase, stoked by the strongest quarterly sales pace in a decade, marks three straight quarters of growth. “Prospective buyers poured into the market to start the […]

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The Best Is Yet to Come for Homebuyers

It’s a seller’s market out there, and for homebuyers, the struggle this spring is real: few affordable options, and price growth that just won’t quit. Another issue’s working against them, too: timing. According to a recent analysis by Zillow, the best time for buyers isn’t spring, but summer—the end of summer, that is. Why? There’s […]

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Low Supply Undercuts Pending Home Sales in March

Pending home sales were undercut by low supply in March, ticking down 0.8 percent in the National Association of REALTORS® (NAR) recently released Pending Home Sales Index (PHSI). The PHSI posted 111.4 in March, down from 112.3 in February. “Home shoppers are coming out in droves this spring and competing with each other for the […]

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Home Prices Exceed Expectations at Repeat All-Time High

Home price growth in February bested analyst predictions, expanding 5.8 percent in the latest S&P CoreLogic Case-Shiller Indices. Prices rolled along to a 32-month high in the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, increasing from 5.6 percent the month prior. The Index’s 10-City Composite rose 5.2 percent, while its 20-City Composite rose […]

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Existing-Home Sales March On at Highest Pace in 10-Plus Years

Existing-home sales leaped to their highest pace in 10-plus years in March, reaching a robust level of activity not seen since February 2007, according to the National Association of REALTORS® (NAR). Existing-home sales totaled 5.71 million last month, a 4.4 percent increase from February and 5.9 percent increase from one year prior. Inventory increased, as […]

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Investment Home Sales Dominate Second Home Market in 2016

Investment home sales dominated the second home market in 2016, off the charts by 4.5 percent to total 1.14 million, according to the National Association of REALTORS® (NAR) recently released 2017 Investment and Vacation Home Buyers Survey—but vacation home purchases plunged, down 21.6 percent to a total 721,000. NAR Chief Economist Lawrence Yun attributes the […]

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