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Tight Inventory of Homes to Buy Leads to Dip in Home Sales

Existing home sales dropped a bit in January, but properties were still selling at a brisker pace than they were a year ago, data from the NATIONAL ASSOCIATION OF REALTORS® show as tight inventory of homes to buy Leads to dip in home sales. The housing market got off to a somewhat disappointing start to …

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Tight Inventory of Homes to Buy Leads to Dip in Home Sales

Existing home sales dropped a bit in January, but properties were still selling at a brisker pace than they were a year ago, data from the NATIONAL ASSOCIATION OF REALTORS® show as tight inventory of homes to buy Leads to dip in home sales. The housing market got off to a somewhat disappointing start to …

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Pending Home Sales Swell to Highest Level in a Year and a Half

A rise in home purchase contracts and relatively low inventory bodes well for sellers heading into the spring market as pending home sales swell. Improved buyer demand at the beginning of 2015 pushed pending home sales in January to their highest level since August 2013, according to the NATIONAL ASSOCIATION OF REALTORS®. All major regions …

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Good News! Home Prices Rose 5.8% in 2014

For 2014, the national median existing home price hit its highest level since 2007: $208,500. The median price also represents a 5.8% increase from 2013 ($197,100), data from the NATIONAL ASSOCIATION OF REALTORS® show. Meanwhile, the number of home sales for the year declined 3.1%. But despite low levels of properties for sale in many …

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Home Prices Rise Steadily in Third Quarter

The U.S. median home price rose to $217,300 in the third quarter of 2014 as home prices continued their slow, steady rise in most U.S. metropolitan areas, the NATIONAL ASSOCIATION OF REALTORS® says. That price is 4.9% higher than the median price NAR reported in the third quarter of 2013. The median price is where …

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Pending Home Sales Fall Slightly Compared to Last Year

Pending home sales slowed a bit in August, but contract signings remain at their second-highest level over the past year, data from the NATIONAL ASSOCIATION OF REALTORS® show. The West was the only region reporting an increase in pending home sales. NAR’s Pending Home Sales Index (PHSI) fell 1.0% in August and was 2.2% below …

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Existing-Home Sales Continue to Climb

The national housing market continued to improve in July when existing-home sales reached their highest annual sales pace so far this year, NATIONAL ASSOCIATION OF REALTORS® data show. The median existing-home price rose to $222,900 in July, up 4.9% from July 2013. This marks the 29th consecutive month of year-over-year price gains. The median condo …

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Home Prices Still Rising, But Not As Quickly During Second Quarter

The rate at which home prices are rising has tapered off in many markets, but that’s not necessarily bad news for homeowners. A slow, steady climb in home prices indicates a healthy market keeping pace with inflation. The national median existing single-family home price in the second quarter was $212,400, up 4.4% from the second …

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