Neil’s Buyer/Seller Posts

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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Why NOW is the Best Time of Year to Buy or Sell Your Home

We’re moving fast into the holiday season and I am excited to tell you that the opportunity to buy a new home is NOW! Don’t let this end of year buying window pass you by. Interest rates are approaching their recent lows. Inventories are growing, giving you a greater selection, and sellers are becoming anxious.

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Existing-Home Sales Rebound

After a modest decline last month, existing-home sales bounced back in September to their highest annual pace of the year, according to the NATIONAL ASSOCIATION OF REALTORS®. All major regions except for the Midwest experienced gains in September. The median existing-home price reached $209,700 in September, up 5.6% from September 2013. It was the 31st

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Good News for First-Time Buyers: Fewer Investors in Housing Market

First-time homebuyers may face less competition in the fall housing market as investors retreated from the market in August, data from the NATIONAL ASSOCIATON OF REALTORS® show. Home sales activity in August 2014 remains stronger than earlier in the year, but fell last month as investors stepped away, says NAR Chief Economist Lawrence Yun. “There

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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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Existing Home Sales Continue to Climb in July 2014 Report

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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