Tag Archives: home prices

Second home market hit hard as demand increases for primary residences

As mortgage rates rose slightly, demand for second homes fell precipitously in February, hitting its lowest level in nearly two years, according to Redfin data released on Tuesday. As mortgage rates rose slightly, demand for second homes fell precipitously, hitting its lowest level last month since May 2020, shortly after the coronavirus erupted in the […]

It’s America’s hottest luxury home market – 24/7 Wall St.

Lodging February 28, 2022 9:30 a.m. It’s hard to imagine a hotter residential housing market than the United States right now. The frenzy of activity has lasted for two years. January’s data proves that the rise will not stop in the near future. Some markets have attracted so many buyers that home prices have risen […]

Affordability in the new home market is rapidly declining

New Home Market Affordability Decreasing Rapidly | Realtor Magazine Internet Explorer does not currently support searching for REALTOR® magazines. IE users, please download Firefox, Chrome or Edge. New home buyers face even higher prices. The median selling price of a newly built single-family home rose to $423,300 in January, up […]

Researchers: the internal market “close to the peak”

House prices, inflation and rising interest rates will soon create an equilibrium in the housing market, according to the FAU researchers, although prices will remain high. JACKSONVILLE, Fla. — The booming Jacksonville-area real estate market has left home prices a bit inflated, according to two academics warning that slumps for home sellers across the state […]

Oakland Co. home sales continue to smash records, despite seasonal decline – The Oakland Press

According to the report you read, January residential home sales in Oakland County slowed 8.8% for closed and pending sales according to RealComp, or 13.4% according to South Re/MAX -eastern Michigan. The differences, said Jeanette Schneider, president of Troy-based RE/MAX in southeastern Michigan, depend on the day the numbers are counted for each report’s month, […]

In the Hot Hamptons real estate market, “Look at the margins” for opportunities

The Hamptons have been booming since the early days of the Covid-19 pandemic, as wealthy buyers fled New York for spacious private homes on the eastern tip of Long Island. Usually a popular place to spend the summer, the beachfront enclave has become a year-round destination, and demand for Hamptons real estate shows no signs […]

2021 has been a ‘fantastic year’ for home sales despite low inventory and high prices: RE/MAX

The housing market in 2021 was the busiest ever, according to a new RE/MAX report, with a record number of homes being sold at a blistering pace. (iStock) According to RE/MAX’s latest National Housing Report, the past year has presented significant headwinds for homebuyers between record home prices and record housing inventory. But motivated buyers […]

MEREDA 2022: Pandemic Fuels Southern Maine Domestic Market, Not Just Portland

For the southern Maine residential real estate market, 2021 was all about COVID. “We already didn’t have enough housing before the pandemic. There are not enough rentals. There aren’t enough homes,” Brit Vitalius, owner of Vitalius Real Estate Group, said at Thursday’s Maine Real Estate & Development Association forecast conference. Trends in 2021 included bidding […]

Home sales increased in November. Will this trend continue in 2022?

In 2021, the housing market was very difficult for buyers to navigate. That’s because home values ​​have skyrocketed nationwide, putting many potential buyers in a tough spot. One would think that rising house prices would have put buyers off and forced a pullback in the housing market. But the November sales figures say otherwise. In […]

Existing home sales up in November

U.S. home sales ended 2021 on a weak note in December, but annual sales activity for the full year hit its highest level since 2006. Sales of existing homes fell 4.6% to 6.18 million seasonally adjusted units in December from the previous month, according to the National Association of Realtors (NAR). November existing home sales […]

Home sales in Canada set a new record in 2021, surpassing the previous record by 20%: ACI – National

The Canadian Real Estate Association says annual home sales hit a new high in 2021, eclipsing the previous record set in 2020 by about 20%. The association said Monday that about 667,000 residential properties changed hands in 2021, about 30% more than the 10-year average. However, home sales in December were little changed from November […]

Home sales post biggest monthly decline since pandemic began

Nassau County, New York, saw the biggest drop in sales since last year, down 22.3% Newsday via Getty Images Fewer homes than ever were for sale in December, leading to a 3.6% decline in seasonally adjusted home sales, according to a new report from Redfin, the tech-focused real estate brokerage. This is the largest month-over-month […]

China’s domestic market slump worsens as prices fall for fourth month

(Bloomberg) – Home prices in China fell for a fourth consecutive month in December, as the credit crunch in the housing sector showed few signs of easing. Bloomberg’s Most Read New home prices in 70 cities, excluding state-subsidized housing, fell 0.28% last month from November, after falling 0.33%, showed figures from the National Bureau of […]

Home sales in the United States register the largest drop since the start of the pandemic

Record high inventories drove seasonally-adjusted home sales down 3.6% nationwide in December, according to a new Redfin report released Friday. Record inventories caused seasonally-adjusted home sales to fall 3.6% nationwide in December, according to a Redfin report. This is the largest month-over-month decline since the start of the pandemic. But it’s not because buyers have […]

What are as-is home sales

Selling a home can be a long process. From hiring a real estate agent to reaching a final agreement, selling a home is full of paperwork and detailed requirements. Yet, while most buyers want a home that can be lived in immediately and needs few repairs, these days more and more sellers are setting up […]

Home prices in Australia hit record high in 2021 amid 40% rise in home sales

Australian home prices suffered a bumper in 2021 as lower interest rates pushed values ​​higher, with values ​​in Sydney alone rising on average by $ 4,200 each week. Figures from real estate consultant CoreLogic released on Tuesday showed some heat exiting the market as national home prices rose 1.0% in December, down from 1.3% in […]

Record year for home sales | Local news

Home sales in the Golden Islands continued to hit new highs in 2021 in what continues to be a seller’s market. Home prices have increased 17% in the past year, with the median home price rising to $ 310,000, according to the Georgia Association of Realtors. The increase is due to a 5% drop in […]

Imminent drop in the home sales index

A gauge of U.S. pending home sales dropped unexpectedly in November as high prices and low inventory capped home buying. The National Association of Realtors’ pending home sales index fell 2.2% from the previous month to 122.4, data showed Wednesday, more than all estimates for a Bloomberg survey. An index of 100 equals the level […]

Existing home sales data continues to outperform

However, before getting into this report, I need to explain why so many people missed out on this surge in demand in the second half of 2021. It’s the same reason I’ve given for many years: American bears hosting generally addicts can I do not read the data correctly, and the mortgage purchase application data […]

US Existing Home Sales Rise in November; Supply remains tight | Investment News

WASHINGTON (Reuters) – U.S. home sales rose for a third straight month in November, but supply remained tight, keeping home prices high and crowding out first-time buyers. Sales of existing homes rose 1.9% to a seasonally adjusted annual rate of 6.46 million units last month, the National Association of Realtors said Wednesday. Sales increased in […]

U.S. Home Sales Will Rise 7.1% in 2021, Fall in Next Two Years – Fannie Mae | Investment News

CHICAGO (Reuters) – U.S. home sales are expected to end 2021 up 7.1% but are expected to decline over the next two years as limited supply, as well as rising mortgage rates and prices , are cooling the residential real estate market, Fannie Mae said on Monday. The government-sponsored firm’s Economics and Strategy Research Group […]

China’s domestic market slump worsens as prices fall for third month

(Bloomberg) – Home prices in China fell for a third straight month in November, adding to a slump in the housing sector that is hurting growth in the world’s second-largest economy. New home prices in 70 cities, excluding state-subsidized housing, fell 0.33% last month from October when they fell 0.25%, figures showed on Wednesday from […]

Half of single-family home sales in the Santa Rosa-Petaluma area during the pandemic have cost more than the asking price

As the North Bay housing market boomed during the pandemic, more than half of single-family homes sold in the Santa Rosa-Petaluma area exceeded asking price, according to a new report. A study by Porch Group, a website for finding home insurance and other services, reported that 53% of home sales in the area between January […]

Millennials watch mobile home market amid record housing prices

With house prices soaring, many buyers, especially newcomer millennials, are looking for more affordable housing. And that means taking another look at alternatives like mobile homes. Yes, mobile homes often have a bad reputation. But their values ​​have grown faster than single-family homes, according to a recent report LendingTree Online Financial Services Marketplace. These homes […]

Housing Snapshot: 2022 Will See Continued Increase In Home Sales And Prices, Report Says

kali9 / Getty Images Anyone looking for a new home should have a better chance of finding one in the next year, as the supply of new homes approaches demand, but you can still expect historically high prices to drop. everywhere, according to a new report from Realtor. com. See: Buying A Home Is Crazy […]

US home sales could hit their highest level since 2006

Image source: Getty Images Despite the high prices, home buyers are not backing down. Key points Existing home sales rose 0.8% in October from September. They are now on track to reach their highest level in 15 years. Home sales often peak in the spring and summer, then begin to decline as the year draws […]

Greater Fort Lauderdale area breaks annual home sales record in 2021

E-mail Sign up for our free weekly newsletter Broward County in Florida broke its record for the most annual home sales in just 10 months, as total sales for October 2021 pushed the market to the bottom, according to new data from the Miami Association of Realtors. above the old standard. Total Broward County home […]

U.S. home sales edged up in October, as prices continue to rise

Existing home sales, which include single-family homes, townhouses, condominiums and co-ops, were up 0.8% month over month. After slowing down during the summer, sales revived in September, which saw a monthly increase of 7%. Year over year, home sales were down 5.8% from October 2020, marking the cyclical peak of the pandemic spike in home […]

Existing home sales increase slightly, but inventories are tightening again

Sales of existing homes increased in October, second consecutive month of growth. The National Association of Realtors® (NAR) said sales of used single-family homes, townhouses, condos and co-op apartments were at a seasonally adjusted annual rate of 6.34 million units. That rate was 0.8% higher than the 6.290 million rate in September, but 5.8% lower […]

As inflation rises, home sales are expected to decline over the next 2 years

Inflation is heating up and could accelerate further, but the impact on mortgage rates is expected to be modest thanks to the Federal Reserve’s clear roadmap on its plans to withdraw support from mortgage markets in the coming months. It is according to the latest economic and real estate forecasts from economists at mortgage giant […]

Chinese domestic market slump deepens as prices drop for second month

(Bloomberg) – Home prices in China fell for a second month in October as the housing recession deepens in the world’s second-largest economy. New home prices in 70 cities, excluding state-subsidized housing, fell 0.25% last month from September, after falling 0.08%, figures from the government showed on Monday. National Bureau of Statistics. Values ​​on the […]

Mixed house sales figures for October – bizwest

The cities of Boulder Valley and northern Colorado experienced mixed results for home sales prices during the month of October. The region’s multiple listing service, Loveland-based Information and Real Estate Services LLC, released October figures on Monday. Those whose median prices increased from the previous month include Boulder and Loveland. Those down were Estes Park, […]

How New Home Sales Compare to Existing Home Sales

NASHVILLE, Tenn. (WKRN) – For many, the days of finding an affordable home are rare, especially when that home is brand new. New data shows that most Americans can’t afford new home construction, and that same report highlights that Nashville residents are struggling to buy a home — period. A look at Bankers Alley revitalization […]

Report: Sacramento, California Least Affordable New Home Market in the United States

The Sacramento area, which is experiencing a severe housing crisis, now ranks first in a new list of undesirable: the country’s least affordable new housing market. The capital region tied with Miami for place, according to a report released Thursday by Knock, a real estate technology company. Knock analyzed household income figures and compared them […]

September home sales surged despite sky-high prices

Home prices have climbed exponentially over the past year as tight inventories and low mortgage rates have boosted buyer demand. Now, you would think that at some point buyers would have no more room in their budgets to keep paying sky-high prices. But home sales managed to rise in September despite the many reasons buyers […]

“A Buyer’s Market”: Home Sales Up 57% in Level 1 Cities in India

NEW DELHI: Home sales in Tier 1 cities of Ahmedabad, Bangalore, Chennai, Hyderabad, Kolkata, Mumbai Metropolitan Region (MMR), National Capital Region (NCR) and Pune jumped 57% , according to a report by Liases Foras Real Estate Rating & Research shown. The top eight real estate markets sold 66,548 units in the September quarter (Q2 FY […]

US sales of existing homes rebound in September, up 7%

Sales of existing homes rose 7% to 6.29 million occasionally changed units in September from the previous month, as reported by the National Association of Realtors (NAR). The results exceeded reviewers’ assumptions for a 3.6% increase, according to Bloomberg estimates. Yoon noted that the surge in activity last year, due to the departure of COVID-19 […]

No more “slow season” as home sales post the highest numbers since January 2020

FatCamera / iStock.com Seasonality plays an essential role in the housing market, as it has a significant impact on the supply of and demand for housing. Transactions and prices tend to be above trend in summer, while activity slows down in winter. This year, however, the housing market still looks exceptionally strong in what is […]

Sales of existing homes in the United States rebound in September, up 7%

Home sales in the United States rebounded in September. Existing home sales rose 7% to 6.29 million seasonally adjusted units in September from the previous month, according to National Association of Real Estate Agents (NAR). The results exceeded analysts’ expectations of a 3.6% increase, according to Bloomberg consensus estimates. “This fall appears to be the […]

Home sales rebound, as prices continue to climb

Tight home inventory, which improved earlier in the year, worsened again in September and prices continued to climb, according to a report by the National Association of Realtors. September saw a 7% monthly increase in existing home sales, which include single-family homes, townhouses, condominiums and co-ops. But sales are down 2.3% from a year ago, […]

Home sales set to close 2021 with surprising strength

Homebuyers have yet to falter in the face of relentlessly rising home prices, leading economists at Fannie Mae to “significantly improve” their forecast for existing home sales in the last half of the year. year. While housing demand remains strong, there are no signs of relief on the supply side, and listing shortages are expected […]

Home sales in China drop sharply

Home sales in China are stalling as restrictions on loans and worries about the financial health of developers deter homebuyers, casting a veil on an industry that is at the heart of China’s economy. In recent days, many top developers have reported declining sales figures for September, with many showing year-over-year declines of more than […]

Home sales in China drop sharply

Home sales in China stall as loans and concerns about the financial health of developers deter homebuyers, casting a veil on an industry that is at the heart of China’s economy. In recent days, many top developers have reported lower sales figures for September, with many showing year-over-year declines of more than 20% or 30%. […]

Is Cooldown Coming For D-FW’s Searing Home Market?

The North Texas real estate market is having a record year for both sales and prices. But don’t be surprised if the pace of housing gains slows in 2022. While house costs in the Dallas-Fort Worth area have increased by about 17% in 2021, price increases are expected to average just under 5% over the […]

Pending home sales soared in August after 2 months of decline

In June and July, pending home sales started to decline. Pending home sales represent contracts signed to buy existing homes, and when those sales start to drop, it’s a sign that demand for homes is starting to drop. Buyers may have been encouraged by these initial summer numbers, as a downturn in the housing market […]

Pending home sales beat projections after 2 months of decline: NAR

Pending home sales finally saw positive growth in August, after two straight months of declines in June and July, the National Association of Realtors reported. Pending home sales rose 8.1. % in August, after two consecutive months of decline in June and July, depending on the National Association of Realtors (NAR) Pending Home Sales Index […]

Sustained rise in mortgage rates could reduce home sales

Mortgage rates have rebounded to levels not seen since July following signals from the Federal Reserve last week that it may start cutting its purchases of long-term mortgages and Treasury bonds later this year. The Fed’s debt purchases have helped keep long-term interest rates low. But that’s not all that can scare investors off buying […]

Tap into the hot second home market

You’ve probably seen the data: Second home sales have exploded. Interest in second homes was steadily increasing before COVID, but the pandemic has pushed demand to a year-over-year high of 178% in April 2021. Although the market has slowed, the probable cause is not a lack of desire for a second home, but skyrocketing prices, […]

Falling sales of existing homes due to high prices

High home prices may finally drive buyers away. There’s a reason many potential buyers have struggled to purchase a home this year. Limited inventory and low mortgage rates fueled increased demand from buyers. This, in turn, has driven home prices up to the point that many buyers simply cannot afford them. In August, the median […]

New home sales increase despite record prices

Numbers: New home sales in the United States rose in August, as the market for newly built buildings continues to show signs of stabilizing after months of decline. New home sales in the United States rose 1.5% to an annual rate of 740,000, the government said on Friday. The figure is the number of homes […]

As home sales slow, so do prices

singebusinessimages / Getty Images / iStockphoto The hot housing market slowed in August as house prices continue to discourage buyers. Existing sales fell 2.0% last month and housing supply remains tight, down 13.4% from a year ago, according to National Association of Realtors data released Wednesday. See: 20 home renovations that will hurt the value […]

The US single-family home market still in the grip of massive shortages, despite overall housing construction close to 2006 levels

There are still not enough houses under construction. That’s bad news for first-time homebuyers in Tuesday’s U.S. housing data, showing housing starts rose at a seasonally adjusted annual rate of 1.62 million in August. . The good news shows that housing starts climbed 3.9% from the previous month, approaching the 1.8 million annual rate last […]

Door-to-door sales will calm down for the remainder of this year and next: Fannie Mae

Existing home sales were stronger than expected in July, but forecasters at Fannie Mae expect buyer demand to cool for the rest of the year and into the next year, citing the lack of homes. to sell as the main obstacle to sustained growth. In their latest monthly forecastFannie Mae economists now forecast home sales […]

Home Sales In Utah Slowing Down? Prices are still high

It looks like the Utah real estate market is slowing down slightly, according to the latest Salt Lake County home sales figures. But that doesn’t mean the market isn’t hot yet – only 2020, the year the pandemic shook the national housing market and spurred record home sales, especially in the West, surpasses a 2021 […]

California home sales continue to slow in July

E-mail Sign up for our free weekly newsletter According to the California Association of Realtors, the California housing market slowed for the third consecutive month in July 2021, with home sales and prices tempering from last year’s stormy market conditions, while remaining above pre-pandemic levels. Closed escrow sales of existing single-family homes in California totaled […]

Evergrande property sales fall 26% as Chinese domestic market cools

(Bloomberg) – China Evergrande Group’s real estate sales fell in August as the real estate market slowed, dealing another blow to the cash-strapped developer. Contract sales fell 26 percent from a year earlier to 38.08 billion yuan ($ 5.9 billion), according to a document released Friday night. A year earlier, the company achieved sales of […]

Pending home sales drop for second consecutive month

Pending home sales fell in July, according to data released Monday by the National Association of Realtors (NAR), down for the second month in a row amid a record spike in house prices. The NAR’s pending home sales index fell 1.8% in July after falling 1.9% in June. Sales were down 8.5% on an annual […]

Baldwin County home sales fell 2% year-on-year in July

Sales: According to Baldwin’s real estate agents, July residential sales were down 2.4% year-on-year (Y / Y), from 895 to 874 closed deals. Contrary to seasonal trends, sales were down 17.8% from June. Sales are now up 27.9% year-to-date. Two other resources to consult: Quarterly report and Annual Report. For all housing data for Baldwin […]

New home sales rise as prices hit record highs

New home sales rose in July as prices hit a new high, according to data released Tuesday by the Census Bureau. Sales of new single-family homes rose 1% in July to a seasonally adjusted annualized rate of 708,000 from 701,000 in June. The median selling price of a single-family home rose to $ 390,500 and […]

NAFCU expects home sales to remain stable

Source: Shutterstock. NAFCU chief economist Curt Long said Monday he expects existing home sales to remain stable this year, mostly limited by supply. His comments came after the National Association of Realtors (NAR) reported that existing home sales rose 2% from June through July to a seasonally adjusted annual rate of 5.99 million homes. “Sales […]

Palm Beach Area Luxury Home Sales Spike 213 percent in mid-2021

E-mail Sign up for our free weekly newsletter Cash sales represented 52.3% of all transactions closed in Palm Beach in Q2 The Miami Real Estate Association reports that Palm Beach County continued its upward trend in total home sales in the second quarter of 2021 as pent-up demand as more US individuals and businesses relocate […]

Pending home sales fell in June, meaning the housing market could cool

Image source: Getty Images A drop in sales could actually be good news for buyers. There have been a ton of inquiries to buy a new home as mortgage rates have hovered near record highs for most of the year. But in June, pending home sales fell 1.9% from May, according to the National Association […]

Existing home sales in June increased 23% from a year ago

Home sales rose in June. Here’s what potential buyers need to know. Buyers in today’s real estate market are struggling with a shortage of home inventory. But things are opening up a bit in this regard. In June, the total housing stock edged up to 1.25 million units and 2.6 months supply, up slightly from […]

Luxury home sales hit new highs despite pandemic concerns

Despite its generous amenities, real estate watchers feared the sprawling property, built by luxury homebuilder Blue Heron, would still be a tough sell. Las Vegas was just beginning to regain its footing after the pandemic shut down much of the city’s economy and badly hit the upper end of its real estate market. And while […]

Demand continues to exceed supply in Reno-Tahoe’s domestic market

The second quarter market snapshot shows continued momentum for the Reno-Tahoe real estate market. Key findings revealed that year-over-year home sales have increased by over 100% and median prices have increased by as much as 63% in some areas. The median price of homes in South Lake Tahoe rose 50% in the second quarter of […]

Indianapolis indoor market at “peak of madness, but it will get less bizarre

This story was first available to IndyStar subscribers. This seems like the perfect time to sell a house. If you have one that is in good shape, or maybe even less than in good condition, you can put it up for sale on a Thursday and probably have several offers by Sunday. At this point, […]

The ABQ market is still hot, but more and more homes are for sale

Carpenters work on a new house under construction in the Mesa del Sol housing estate. April 22. (Jim Thompson / Albuquerque Journal) Home prices in Albuquerque continued their meteoric rise in April, but a slight increase in new listings may be a source of optimism for potential buyers. The median selling price of a detached […]

REPORT: Tyler’s home market is booming

Despite the pandemic, home sales last summer were up about 15% from 2019 and 2018. TYLER, Texas – A new report from Tyler University economists says despite the pandemic, Tyler saw the average home stay in the market less than 90 days last summer, making it a sellers’ market. Latest from the Hibbs Institute of […]

Dubai’s luxury real estate market skyrockets as world’s rich flee coronavirus

After nearly three decades in London, Christophe Reech was fed up with the city’s pandemic blockages. This spring, he sold his luxurious townhouse and flew to the Sheikh of the Dubai Desert to start a new life with his family. There was no turning back, he said. The French business mogul’s super-rich foreign friends were […]

In the frenetic Palm Beach home market, buyers are bidding fast

Just weeks after lawyer Amy Bahl and her husband sold their Palm Beach home for $ 7.3 million, the Florida home was back on the market in December for $ 8.2 million. Meanwhile, the Bahls and their three children have moved into a home they bought across the Intracoastal Waterway in West Palm Beach, where […]