Tag Archives: house 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 […]

Buyer-seller stalemate leads to ‘lowest home sales since GFC fallout’ – CoreLogic

A buyer-seller stalemate led to monthly house sales in January falling to the lowest since the fallout from the global financial crisis, said Nick Goodall, head of research at CoreLogic. There were 4,113 residential property sales in the first month of the year, the lowest number in over a decade, except for April 2020 when […]

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 […]

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 […]

New home sales rose 12% in December

Sales of new homes rose 12% last month, according to data released Wednesday by the Census Bureau and the Department of Housing and Urban Development, but fell sharply from December 2020 levels. The seasonally adjusted annualized rate of new homes sold rose to 811,000 in December from a downwardly revised rate of 725,000 in November. […]

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 […]

Experts divided on whether home sales will rise or fall in 2022

A panel of economists and housing experts is also split on whether sales will rise or fall in 2022, as worries about deteriorating affordability collide with expectations of rising inventories. Surveyed, 41% of respondents to the latest Zillow survey on house price expectations (ZHPES) said sales will increase, 41% predict a slowdown and 18% believe […]

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 […]

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 […]

The second home market is attracting everyone’s interest

From end-users to potential investors, second home market appeals to everyone, says Anurag Mathur From end-users to potential investors, second home market appeals to everyone, says Anurag Mathur The pandemic and subsequent shifts in work patterns have led many people to re-evaluate their lifestyle choices and investments. The combination of remote working becoming the new […]

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 […]

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 […]