The number of homes under contract rose just a bit last month as homebuyers got a boost from falling mortgage interest rates and a larger selection of homes for sale, according to the NATIONAL ASSOCIATION OF REALTORS’® Pending Home Sales Index. A gradual uptrend in home sales is expected, according to NAR Chief Economist Lawrence […]
Under-Contract Homes Up Slightly in April as Buyers Find More Choice Read More »
Home prices were rising quickly at the end of last year, but the real estate market cooled a bit the first quarter of this year — good news for homebuyers who can struggle to afford homes when prices rise faster than incomes, the NATIONAL ASSOCIATION OF REALTORS® reports. The U.S. median home price hit $191,600
Home Price Increases Slow in Many U.S. Cities in First Quarter Read More »
Homebuyers had more properties to choose from in April, as the inventory of existing homes increased nationally. As more properties were put up for sale, the speed at which home prices were rising slowed a bit, according to data from the NATIONAL ASSOCIATION OF REALTORS®. The median U.S. existing-home price hit $201,700 in April, up
Homebuyers Have More Properties to Choose From in April Read More »
Although the real estate crisis might have broken some homeowners’ hearts, many folks are ready to start dating again, according to two Gallup polls. One poll shows Americans again believe real estate is the best long-term investment, better even than gold, stocks, bonds, and savings accounts. High-income consumers are the biggest believers in homeownership as
Fact Filled Poll Finds Homeownership Trumps Gold, Stocks, and Savings Accounts Read More »
Warmer weather brought homebuyers into the market and pushed pending home sales up 3.4% in March, data from the NATIONAL ASSOCIATION OF REALTORS® shows. NAR Chief Economist Lawrence Yun said a gain was inevitable. “After a dismal winter, more buyers got an opportunity to look at homes last month and are beginning to make contract
Beautiful Spring Weather Lures Homebuyers into Market Read More »
Ikea was curious about what Americans want from their homes. Surprisingly, it has nothing to do with expensive upgrades. The Swedish retailer’s first annual “US Life at Home Report” uncovered that, above all else, 95% of Americans consider comfort a top home feature. We’re not talking about cushy furniture or other features that makes life
Intriguing ‘Life at Home’ Study Findings from Ikea Read More »
U.S. existing-home sales were flat in March as sales gains in the Northeast and Midwest were offset by declines in the West and South. The median existing-home price reached $198,500, up 7.9% from March 2013, according to the NATIONAL ASSOCIATION OF REALTORS®. NAR measures sales and prices of existing single-family homes for the nation overall,
U.S. Home Sales Soft in March 2014 Read More »
Imagine getting an annual insurance bill in the mail that rose from a few thousand dollars to tens of thousands of dollars. That’s what happened to some homeowners across the country after Congress passed flood insurance reform legislation two years ago that raised premiums by more than 25% in a single year. Thankfully, Congress and
Big Flood Insurance Price Hikes Rescinded Read More »
Vacation-home sales were up by nearly 30% in 2013, as high-net-worth households returned to the recreational property markets, according to the NATIONAL ASSOCIATION OF REALTORS®. NAR’s “2014 Investment and Vacation Home Buyers Survey” shows vacation-home sales jumped 29.7%. About 717,000 vacation homes changed hands last year, up from 553,000 in 2012. Despite the increase, vacation-home
Vacation-Home Sales Surge in 2013 Read More »
The real estate market held steady in January, although homebuyers continued to struggle with tight credit, a lack of inventory, and frigid winter weather. The number of homes under contract to sell but not yet closed was essentially unchanged from December 2013, data from the NATIONAL ASSOCIATION OF REALTORS® shows. Monthly gains in the South
Homes Under Contract Hold Steady Despite Bad Weather, Tight Credit Read More »
