Tag Archives: single family

Mortgage rates soar, home sales plummet for the 7th month and suddenly here are the new listings

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 […]

Federal National Mortgage Association: Consumption and existing home sales improved in January, but headwinds for the economy and housing have intensified since then

Key points to remember: Gross Domestic Product (GDP), adjusted for inflation, rose at a seasonally adjusted annualized rate (SAR) of 7.0% in the fourth quarter of 2021, according to the second estimate from the Bureau of Economic Analysis (BEA), an increase of one tenth from the preliminary […]

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, […]

Hamptons home sales fell by a third in the fourth quarter

Buyers looking for property in the Hamptons ahead of summer have faced fewer options for at least 15 years, while the median sale price in the North Fork hit an all-time high, according to new data from the real estate broker Douglas Elliman and appraisal firm Miller Samuel. The median sale price fell 2.9% in […]

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 […]

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 […]

Home sales continue to climb in November as prices rise

The median selling price of existing homes rose 13.9% year-over-year to $ 353,900. Getty Existing home sales rose a modest 1.9% in November, once again pushing prices up and reducing inventory, according to the National Association of Realtors. The median price of existing homes for all housing types in November was $ 353,900, up 13.9% […]

Rising Rates May Not Slow Home Sales, Says First U.S. Model of Potential Home Sales

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 […]

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 […]

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 […]

RSAR Releases November 2021 Existing Home Sales Report

The Reno / Sparks Association of REALTORS® (RSAR) today released its November 2021 report on existing home sales in Reno / Sparks and Fernley, including the median sale price and number of home sales in the region. region. RSAR obtains its information from the Northern Nevada Regional Multiple Listing Service. During the month of November, […]

Real estate company makes $ 3 billion in home sales

Wilmington-based residential real estate firm Coldwell Banker Sea Coast Advantage surpassed $ 3 billion in closed sales for 2021 on Monday, officials said. The milestone includes sales outside of the Cape Fear Tri-County area in New Hanover, Brunswick and Pender counties, with Onslow, Carteret and Craven counties sales also being part of the mix. The […]

The luxury home market in Austin, Texas is booming

Austin, Texas (Photo credit: iStock) Luxury home sellers in Austin, Texas feel like they’ve found oil. That’s because prices for mansions in one of the hottest markets in the country have skyrocketed over the past year, rising almost 33% from 2020, according to the Wall Street Journal. Demand in and around the city, where the […]

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 […]

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 […]

Housing market potential grows modestly, according to first US model of potential home sales

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 […]

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 […]

US home sales peak in nine months

Home sales in the United States unexpectedly surged in October, reaching their highest level in nine months, although higher prices amid tight supply continued to exclude first-time buyers from the market . The National Association of Realtors report released on Monday also showed an increase in the share of investors buying homes last month, likely […]

Houston home sales drop in October due to labor and supply shortages

Monthly home sales fell only for the second time this year, as low inventories and fierce competition pushed some buyers out of the way as material and labor shortages slowed the downturn. construction of new houses. Single-family home sales fell 5.2% in October from a year earlier to about 8,700, the Houston Association of Realtors […]

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, […]

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, […]

Do solar panels increase the value of the home? Understanding Solar Home Sales

Over the past decade, more and more potential buyers are willing to pay more for houses equipped with photovoltaic (PV) panels. The energy savings associated with solar, as well as the growing interest in environmental sustainability, are among the reasons why. But the size of this premium and the potential energy savings generated by a […]

Sunteck Realty acquires 110 acres to enter second home market

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 […]

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 […]

RSAR Releases September 2021 Existing Home Sales Report (Sponsored)

Better market information RENO, Nevada (October 2021) – The Reno / Sparks Association of REALTORS® (RSAR) today released its September 2021 report on existing home sales in Reno / Sparks and Fernley, including the median sale price and the number of home sales in the area. RSAR obtains its information from the Northern Nevada Regional […]

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 […]

Charlotte’s luxury home market sizzles during pandemic – WSOC TV

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 […]

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, […]

New home sales increase for second consecutive month

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 […]

US home sales have slowed, but prices remain ridiculous

Home sales fell in August, both from July and from a year ago, breaking two straight months of increases, according to the National Association of Realtors. Home purchases have increased over the past year, which NAR chief economist Lawrence Yun says is an anomaly. The pent-up demand from potential buyers that built up during closures […]

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 […]

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 […]

RSAR Releases August 2021 Existing Home Sales Report

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. […]

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 […]

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 […]

RSAR Releases July 2021 Existing Home Sales Report

The Reno / Sparks Association of REALTORS® (RSAR) today released its July 2021 report on existing home sales in Reno / Sparks and Fernley, including the median sale price and number of home sales in the region. region. RSAR obtains its information from the Northern Nevada Regional Multiple Listing Service. During the month of July, […]

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 […]

The local second home market is soaring

The local second home market is soaring Domestic buyers rush to Thai resort destinations amid Covid fatigue and urban thefts, real estate experts say Thai resort real estate markets have seen a dramatic reset in buyer profiles in the last 18 months of the pandemic, according to local real estate experts. A strong wave of […]

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 […]

Kitchener-Waterloo home market remains warm with record sales in June

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 […]

Kitchener-Waterloo home market remains warm with record sales in June

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 […]

Kitchener-Waterloo home market remains warm with record sales in June

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 […]

Calgary Home Resale Market Seen As Investment Opportunity

Breadcrumb Links New houses Rental housing can generate cash flow while covering monthly expenses Author of the article: Joel schlesinger • for the Calgary Herald Rents have more room to rise in Calgary as the pandemic ends and migration returns, boosting demand for rental housing. The opinions and recommendations are impartial and the products are […]

Wealthy investors disrupt the residential real estate market

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 […]

Are disclosure failures more likely in the Des Moines metro home market?

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 […]

California exodus fueling San Antonio’s hot domestic market?

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, ”he said in a Youtube video, cutting to a quick […]

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 […]

City leaders view hot home market and global access – Merced County Times

Housing availability and affordability dominated discussions for hours on Monday night as Merced City Council received updates on the local real estate market and listened to many residents push for a new inclusive zoning policy ( IZ). Loren Gonella, longtime real estate agent and analyst for Coldwell Banker Commercial Gonella Realty, provided market information to […]

Denver Home Market Sets New Record April 2021 Update

Up, up, and far – again. From the just published Denver Metro Association of Realtors April Market Trend Report, the average price for a single-family home in the Denver area currently stands at $ 674,990, an increase of over $ 40,000 from last month and over $ 100,000 from the same period there is one […]

The Houston New Home Market: Riding the Tailwinds Despite the Headwinds

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 […]

North Las Vegas # 1 in the local new housing market

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 […]

North Las Vegas # 1 in the local new home market

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 […]

How first-time buyers enter the internal market

Gonçalo Fernandes wanted to buy a house with a garage for his motorcycle, but it took rising house prices to push him into the market. “My wife and I saw house prices rise and we were worried about being left out of the market,” Fernandes said. “We were very motivated when we saw mortgage rates […]