After five months of upswing, sales of existing homes were lower in November.
They lowered 2.5% month-to-month to a seasonally adjusted yearly rate; 6.69 million units. Sales were 25.8% higher YoY.
What should you know before you get into the process? The basics, an outline, and we can deal with the rest as it comes so as to not mentally overload ourselves and get process paralysis. So, let's walk thru some points that will have you feeling confident when you're standing in front of your Realtor to make your first purchase.
We see, of first-time homebuyers in 2019, 32% depended on inner circle for loans or gifts, according to the 2019 Profile of Home Buyers and Sellers, an annual report from the National Association of Realtors.
Single-families, condos, co-ops, and townhomes had a median price of $274,500, which reflects a +7.8% YOY. The median price for single-family sales was $276,900, while condos pulled $255,400.
The National Association of Realtors declared that 2020's housing market was certainly outperforming 2019's, expressing that home sales would end up being higher than last year's.
For the past two months pending homes sales have noticed a significant decline, however, in May they raised by 44.3% compared to April, according to the NAR (National Association of Realtors).
The NAR (National Association of Realtors) has released earlier this week a plan with five bullets to expand down payment assistance programs, and alternative credit scoring models, plus, improve FHA loans.
New podcast episode! Castles Unlimited's CEO, Jim Lowenstern, and Larry Lawfer talk with Jason Saphire, principal broker at EntryOnly.
Want to become a Realtor? We explain how, with pro tips from industry professionals, in five simple steps.
Want to know how much housing has increased in the U.S? this post discloses statistics and results of a study by NAR.
February saw the rallying of existing-home sales, with a bounce back from the initial lull at the start of the year, with the National Association of REALTORS® (NAR) reporting that sales increased to 5.54 million, an increase of 3 [...]
It’s no secret to brokers that the housing market has seen some short supply. The National Association of REALTORS® (NAR) recently reported a down of 10.4% from last year in the national inventory for pre-owned properties, but according to realtor.com® 2018 National Housing Forecast, groundbreaking is projected to increase to up to 3 [...]
In October, pending home sales have picked up steam, showing a 3.5 percent increase in the National Association of REALTORS® (NAR) Pending Home Sales Index (PHSI), which posted 109.3 in October, an improvement from 105.6 in September, based on contract [...]
Real estate market sees increased home buying during the holiday months.