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 most affordable neighborhoods ranked by their 10 least expensive market-rate homes for sale.
Home sales hit their highest rate in years in October 2016.
Whether you’re horrified or elated over the results of this week’s election, one thing we can all agree on is that the new President will undoubtedly influence our nation’s economy and by extension the housing market.
When looking at potential homes, it’s important to keep your focus and not be swept away by the big features. Yes -the house may have the vaulted ceilings or massive fireplace you’re looking for, but don’t let this get you off track.
A breakdown of home prices per square footage per neighborhood. A waterfront property in Boston right now is going for the same price as some properties in major hubs such as London and New York.
Across the country’s largest rental markets, 14 percent of renters have high credit scores, good incomes and could in fact afford to buy the median home in their market.
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
Homes that were foreclosed during the housing crisis have gained almost twice as much value as other homes. Unfortunately, the original owners of those homes are not benefiting from that recovery.
Since low-end homes were much more likely to be foreclosed, the housing crisis worsened the gap between rich and poor in the U.S.
What does this mean? Well you can expect a flurry of housing activity, particularly in the refinancing sector, as homeowners around the nation capitalize on the historically low rate.
It's no secret that the real estate market is heating up. So what can you do to get an edge in today's super competitive market?
Over the last 5 years, the Chinese have invested over $150 billion into the US housing market - $28.6 billion in 2015 alone. Currently one of the largest foreign homebuyers, the immense Chinese buying interested has helped the recovery of the US housing market.
Relentless supply constraints and home price growth outpacing wages are testing the patience of homebuyers this year, but existing-home sales are still on track to come in at their highest pace since 2006, according to an economic forecast forum at the 2016 Realtors® Legislative Meetings & Trade Expo.
Among the topics addressed were: the growing burden repaying student loan debt is having on young adults, the housing market and the overall U.S. economy.
Single women are coming up in power, wealth and market share, quickly becoming one of the most important demographics in the increasingly fragmented real estate market.