But that still doesn’t reflect the recent spike in mortgage rates to 4.5%. By Wolf Richter for WOLF STREET. OK, the “existing home sales” data released today by the National Association of Realtors was for February, and in February average mortgage rates were much lower than today. In mid-February, the average 30-year conforming fixed mortgage […]
Tag Archives: housing market
14
Mar
Mar
A look at some of the major trade events and economic indicators to come this week: AN EYE ON THE FEDERATION The Federal Reserve wraps up a two-day meeting of policymakers with an economic policy and interest rate update on Wednesday. Most analysts expect Fed officials to announce the first of several expected increases in […]
04
Mar
Mar
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 […]
28
Feb
Feb
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 […]
18
Feb
Feb
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 […]
17
Feb
Feb
“We really hope this will help prime the pump to create new investment and jobs for our residents.” There are 12 zones in Guilford County, as well as four in Alamance, three in Randolph, Rockingham, Surry and Wilkes, two in Davidson and one in Alleghany, Ashe, Davie, Stokes, Watauga and Yadkin. North Carolina’s list of […]
31
Jan
Jan
An unusually wet summer has done nothing to dampen Manly’s upmarket housing market with a bottom-up rebuild on Fairy Bower selling for over $20 million. The sale kicks off Sydney’s $20m+ trophy home market, which is typically centered on the eastern suburbs’ harborside suburbs, but last year included the waterfront suburbs Sydney seashores such as […]
27
Jan
Jan
Credit: Samuel Isaac Chua/The Edge Singapore SINGAPORE (EDGEPROP) – According to a Knight Frank research report, $4.3 billion worth of landed houses were traded as of 2H2021 with 421 units changing hands, representing a 6.2% drop in the total value of landed houses. sales on a semi-annual basis. Nonetheless, this brings the total value of […]
Home sales
2021 has been a ‘fantastic year’ for home sales despite low inventory and high prices: RE/MAX
25
Jan
Jan
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 […]
21
Jan
Jan
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 […]
Home sales
Home sales in Canada set a new record in 2021, surpassing the previous record by 20%: ACI – National
17
Jan
Jan
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 […]
12
Jan
Jan
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 […]
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12
Jan
Jan
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 […]
09
Jan
Jan
BrianAJackson / iStock via Getty Images The US new housing market contracted in 2021. This result can be seen in the latest update of our chart plotting the last twelve month average of the new housing market capitalization in the United States, which has fallen to a low. initial estimate of $ 26.64 billion in […]
30
Dec
Dec
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 […]
29
Dec
Dec
Bess Freedman, CEO of Brown Harris Stevens (Brown Harris Stevens, iStock) After 2021 marked a banner year for housing markets in Manhattan and Brooklyn, New York home sales could slow in 2022, BHS CEO Bess Freedman said. Freedman told Bloomberg TV’s Surveillance that rising interest rates and housing supply issues could spur the city’s change […]
23
Dec
Dec
Numbers: New home sales in the United States jumped 12.4% to a seasonally adjusted annual rate of 744,000 in November, from 662,000 revised the previous month, the government reported Thursday. The revised October sales total was the lowest since the worst pandemic period in April 2020. Despite the jump, the pace of sales was lower […]
22
Dec
Dec
First American’s proprietary Home Sales Potential Model measures what the healthy level of the home sales market should be based on economic, demographic and housing market fundamentals. For the month of November, the main takeaways were as follows: Potential sales of existing homes declined to 6.26 million annualized rate (SAAR), which is a 79.5% increase […]
22
Dec
Dec
SANTA ANA, Calif .– (COMMERCIAL THREAD) –America’s leading financial company (NYSE: FAF), a leading global provider of title insurance, settlement services and risk management solutions for real estate transactions, today released First American’s exclusive home sales potential sales model for the month of November 2021 The potential home sales model measures what the healthy level […]
22
Dec
Dec
Rupert Murdoch recently spent $200 million on a 340,000 acre ranch. (Getty) The US luxury housing market has boomed this year like never before, with at least 40 homes selling for at least $50 million. Sales of homes worth at least $50 million are up 35% year over year, according to data from expert Miller […]
22
Dec
Dec
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 […]
22
Dec
Dec
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 […]
Home sales
Half of single-family home sales in the Santa Rosa-Petaluma area during the pandemic have cost more than the asking price
14
Dec
Dec
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 […]
01
Dec
Dec
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 […]
22
Nov
Nov
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 […]
Home sales
Housing market potential grows modestly, according to first US model of potential home sales
22
Nov
Nov
SANTA ANA, Calif .– (COMMERCIAL THREAD) –America’s leading financial company (NYSE: FAF), one of the world’s leading providers of title insurance, settlement services and risk management solutions for real estate transactions, today released First American’s exclusive home sales potential sales model for the month of October 2021. The potential home sales model measures what the […]
22
Nov
Nov
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 […]
30
Oct
Oct
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 […]
29
Oct
Oct
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 […]
28
Oct
Oct
The slowdown in contract signing in September is a likely sign that home price growth will soon come back to earth, NAR chief economist Lawrence Yun said. Pending home sales fell 2.3% in September 2021 from the previous month and fell 8% year-on-year to an index of 116.7, according to the National Association of Realtors […]
23
Oct
Oct
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 […]
22
Oct
Oct
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 […]
21
Oct
Oct
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 […]
21
Oct
Oct
The National Association of Real Estate AgentsThe existing home sales report for September came in at an excellent pace from estimates to 6.29 million. Now that we’re only 10 days away from Halloween in 2021, we can all laugh a little bit about how wrong the 2020-2021 housing bears got it wrong. Especially all those […]
18
Oct
Oct
A look at some of the major trade events and economic indicators coming up this week: CHARGE Wall Street expects another solid quarterly snapshot from Tesla. Analysts predict that the electric vehicle maker will announce on Wednesday that its profits and revenues increased in the third quarter compared to the same period last year. This […]
18
Oct
Oct
BENGALURU: Real estate company Sunteck Realty Ltd announced on Monday that it has acquired around 110 acres on Pen-Khopoli Road in the Mumbai Metropolitan Area (MMR) to enter the second home segment. The acquisition was made with a light joint development agreement strategy. The land, which has a prominent riverside frontage, will be used to […]
18
Oct
Oct
The Associated Press18 October 2021 GMT A look at some of the major trade events and economic indicators coming up this week: CHARGE Wall Street expects another solid quarterly snapshot from Tesla. Analysts predict that the electric vehicle maker will announce on Wednesday that its profits and revenues increased in the third quarter compared to […]
18
Oct
Oct
A look at some of the major trade events and economic indicators coming up this week: CHARGE Wall Street expects another solid quarterly snapshot from Tesla. Analysts predict that the electric vehicle maker will announce on Wednesday that its profits and revenues increased in the third quarter compared to the same period last year. This […]
18
Oct
Oct
A look at some of the major business events and economic indicators to come this week: CHARGED UP Wall Street expects… A look at some of the major trade events and economic indicators coming up this week: CHARGE Wall Street expects another solid quarterly snapshot from Tesla. Analysts predict that the electric vehicle maker will […]
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04
Oct
Oct
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 […]
03
Oct
Oct
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 […]
30
Sep
Sep
Tight listings, record mortgage rates and extraordinary growth in home values ​​in Australia have led to the best returns for sellers in over a decade. According to the latest CoreLogic Pain and Gain report, over 90% of homes sold in the June quarter ended in profit, an increase of 9% from the first quarter of […]
29
Sep
Sep
Numbers: The number of home buyers who signed a home purchase contract in August has jumped, far exceeding economists’ expectations. Pending home sales rose 8.1% in August from July, according to National Association of Realtors reported wednesday. Economists polled by MarketWatch had forecast a 0.4% increase in pending home sales in August. Still, compared to […]
28
Sep
Sep
Profitability increased in 12 of the 15 capitals and the rest of the state’s markets, with the rate of sales at a loss increasing in Melbourne, Hobart and regional Tasmania, albeit from a weak base. Regional and tree-change markets posted the highest proportion of lucrative sales, with Victoria’s Ballarat regional area reaching 99.7 percent of […]
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28
Sep
Sep
CHARLOTTE – Luxury residential real estate in Charlotte has taken off during the pandemic, as has the local housing market in general. There were over 1,220 single-family homes, townhouses and condos for sale for $ 1 million or more in the local market from January through August of this year, according to data provided to […]
26
Sep
Sep
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 […]
24
Sep
Sep
LIMA – Pam Daley-Jennings answered the question before it was asked. “No. Never. I’ve been doing this for 35 years and I’ve never seen a home sell like they’ve been in recent years,†said the owner of First Lima Title Agency. “We wonder how many houses are still for sale. So just today (Friday) I […]
24
Sep
Sep
Sales of new single-family homes in August were up 1.5% from the previous month, to a seasonally adjusted annual rate of 740,000, according to a report of US Department of Commerce released on Friday. This is the second consecutive month of rising sales for homebuilders, although there is good reason to believe that the height […]
22
Sep
Sep
The Numbers: Existing Home Sales Plummeted 2% Sales of existing homes fell in August, with inventory and prices remaining a major concern for potential buyers. Existing home sales fell 2% to a seasonally adjusted annual rate of 5.88 million in August, according to the National Association of Realtors. said wednesday. Compared with August 2020, home […]
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22
Sep
Sep
Collin County’s already tight housing inventory continued to shrink in August, according to a market report from the Collin County Association of Realtors. Only 1,710 new listings entered the market last month, down 7% from the same period last year. And 8.2% more homes were under contract in August than a year earlier, putting further […]
Home market
The US single-family home market still in the grip of massive shortages, despite overall housing construction close to 2006 levels
21
Sep
Sep
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 […]
20
Sep
Sep
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 […]
16
Sep
Sep
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 […]
15
Sep
Sep
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 […]
08
Sep
Sep
Better market information RENO, Nevada – The Reno / Sparks Association of REALTORS® (RSAR) today released its August 2021 report on existing home sales in Reno / Sparks and Fernley, including median sale price and number of sales of homes in the area. RSAR obtains its information from the Northern Nevada Regional Multiple Listing Service. […]
26
Aug
Aug
A 14.2 percent drop in home sales may seem worrisome at first glance, but there is more to be said. There were about 8,510 sales of existing homes in the state last month, according to the last report from the Association of Wisconsin Realtors. This is a decrease from the 9,915 sales reported in July […]
01
Aug
Aug
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 […]
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31
Jul
Jul
CHARLOTTE, NC – Frenzied demand for housing in the Charlotte area is redefining the million dollar market here. More than 200 homes sold with a price of at least $ 1 million in June, more than double the number seen last year and in 2019, according to Canopy Realtor Association. “A million dollars is what […]
29
Jul
Jul
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 […]
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07
Jul
Jul
The 740 residential homes sold last month through the Kitchener-Waterloo Association of Realtors set a new monthly high for June and represented an increase of more than 10% from June 2020. “The number of homes sold in the Kitchener-Waterloo area in the past six months exceeds every previous six months of activity thanks to our […]
07
Jul
Jul
The 740 residential homes sold last month through the Kitchener-Waterloo Association of Realtors set a new monthly high for June and represented an increase of more than 10% from June 2020. “The number of homes sold in the Kitchener-Waterloo area in the past six months exceeds every previous six months of activity thanks to our […]
07
Jul
Jul
The 740 residential homes sold last month through the Kitchener-Waterloo Association of Realtors set a new monthly high for June and represented an increase of more than 10% from June 2020. “The number of homes sold in the Kitchener-Waterloo area in the past six months exceeds every previous six months of activity thanks to our […]
05
Jul
Jul
RALEIGH, NC (WTVD) – A turbocharged Triangle housing market continues a streak of activity with rising house prices. According to Zillow, Raleigh homes sell in just four days. The site ranks Raleigh second in the United States for the fewest days a home is officially listed on the market. That’s how long a North Raleigh […]
21
Jun
Jun
Editor’s Note: This article has been updated to include statements from real estate agent Misty Soldwisch. Two days after his family moved into their $ 545,000 land in Altoona, Paul Smith was in his home office when he heard a loud noise. Smith, a 42-year-old father of five, thought something had exploded somewhere in the […]
21
Jun
Jun
Owning a primary residence is the greatest source of wealth for middle-class Americans, and has been for a long time. A whole set of public policies – from tax breaks on mortgage payments to local zoning that favors single-family homes over apartment buildings – has been built around encouraging homeownership. This is why the recent […]
30
May
May
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, […]
19
May
May
More and more visitors to the open houses he organized said they were from California, said Greg Foster. The longtime San Antonio real estate agent saw an opportunity. “So you are considering moving to San Antonio, Texas. Well this channel here is just for you, â€he said in a Youtube video, cutting to a quick […]
08
May
May
In Toronto: The single-detached home market is cooling, but the condo sales slump appears to be over, with sales reaching pre-pandemic levels.
07
May
May
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 […]
04
Apr
Apr
A sizzling housing market with many more interested buyers than sellers sets off a bidding war on many homes. “Inventories are low and demand is high. We find several offers on a lot of properties, and they go well above asking price, sometimes $ 10,000, $ 15,000, $ 20,000 above, â€said Jen True of True […]
26
Mar
Mar
Adobe Stock / duydophotography “Houston we have a problem.” As a native Houstonian, I back down whenever I hear that famous phrase spoken or referenced by reporters, journalists, or writers. It’s even now the refrain of a popular country music song. This hackneyed saying is effortlessly out of the tongue and has been applied to […]
02
Mar
Mar
North Las Vegas has tripled new home sales over the past two years and became the No.1 market in 2020, overtaking the Southwest Valley, which had been the dominant player in Southern Nevada for years with the former No. 2 Henderson. North Las Vegas is poised to become the dominant player in the valley this […]
26
Feb
Feb
North Las Vegas has tripled new home sales over the past two years and became the No.1 market in 2020, overtaking the Southwest Valley, which had been the dominant player in southern Nevada for years with the former No. 2 Henderson. North Las Vegas is poised to become the dominant player in the valley this […]
26
Nov
Nov
Opinions expressed by Contractor the contributors are theirs. This year has surprisingly seen a strong housing market. Homeowners make monthly payments to the bank and therefore you would think the pandemic recession and job losses would cause more property sellers. thianchai sitthikongsak | Getty Images However, this was not the case. Low mortgage rates, low […]
08
Mar
Mar
The percentage of vacant homes in Vancouver has remained stable over the past 14 years despite long-standing complaints that investors are buying homes and leaving them empty, according to a new report released this morning to city council. The report indicates that Vancouver’s vacancy rate was 4.9% in 2002, compared to 4.8% in 2014, which […]