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.
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.
Housing affordability is influenced by several factors, such as yearly income, home value, supply and demand, mortgage rates, and labor market.
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.
Late last year, analysts were betting on a break from the hot housing market, which had begun to breed concerns of instability. How long could prices really run up?
New-home sales rose 4.5 percent from February to March and are up 3 percent year-over-year to a seasonally adjusted rate of 692,000, according to data from the U.S. Census Bureau and Housing and Urban Development.
Nationwide, 344,000 new homes were listed for sale, a modest rise from 336,000 in February. The median sales price of a new home was [...]
According to a new residential sales report released Wednesday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, residential home sales rose 3.5 percent in August– a better-than-expected turnout, signifying a healthy economy and a strong market.
New study shows: You see better results when you use real estate agents to sell your home.
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2017 kick starts after a slow December month in 2016 with a spike of 3.3 percentage points for the National Association of Realtors (NAR) existing-home sales. From 5.51 million to 5.69 million seasonally adjusted annual rate (SAAR), January launches a strong start to the new year.
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The national housing market has reached a point where its momentum is providing growth for the US economy. According to the latest The State of the Nation’s Housing report by the Joint Center for Housing Studies, robust rental demand continues to drive the housing expansion and sales, prices, and new construction of single-family homes are on the rise
The Greater Boston Association of Realtors has released the local market updates for March 2016 and the real estate market in Brookline is looking healthy!
The supply of homes for sale in March was way up over February, indicating that more sellers are deciding to list their homes. And, while prices were also up over last year, the increases are seemingly harmless to sales.
The U.S. housing market continues to rebound with single-family homes inching up 7.2 percent, the highest level since November 2007. In February, builders started production on 1,178,000 homes, a 5.2 percent increase over January and a 30.9 percent increase from February 2015. Single-family home completions also increased, rising 6.1 percent to 736,000 annualized rate, the highest since November 2008.
This week, S&P/Case-Shiller released its monthly housing data report, the leading measure of home prices across the nation. Immediately, reporters posted dozens of stories about January's numbers-with oddly contradictory [...]