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Tag Archives: Demand

Housing Market Cools Off as Inventory Slows

The number of listings last month was approximately 1.87 million, down 2.7 percent annually and 7.9 percent monthly. The decline compares to Redfin's latest analysis, which showed an unexpected bump in inventory from new listings. Redfin's data measures a narrower list of markets nationwide.

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Housing Demand Stays Strong Despite Drop in Inventory

More interesting, Redfin said, was the shift in supply and demand dynamics: Even as new listings plunged 9.3 percent—nearly triple the average July-to-August decline—numbers of customers touring homes and making offers rose, demonstrating buyers aren't backing off.

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Survey: Misconceptions Holding Back Homebuying

While nearly seven in 10 Americans agree that now is a good time to become a homeowner, a large number remain reluctant due to their own misconceptions of the financing process, according to survey results. For example, Wells Fargo reported, 30 percent of respondents expressed belief that only people with high incomes can obtain a mortgage at this point, and 64 percent said they believe only those with a "very good"” credit score can buy a home right now.

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Federal Reserve: Housing Mirrors Modest Economy Growth

Growth was described as "modest" in the New York, Cleveland, Chicago, Minneapolis, Dallas, and San Francisco districts, while Philadelphia, Atlanta, St. Louis, and Kansas City reported “modest” growth. Looking ahead, contacts in about half of the districts "generally remained optimistic about future growth," while most of the other districts saw ongoing optimism in specific sectors.

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Power Shift Could Result in Home Sales Spike

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For July, Redfin recorded a 0.3 percent monthly decline in the median sales price of homes sold in the major metros the company tracks, marking the first time in five months that price growth was essentially flat.

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Housing Market Maintains Spring Momentum

For the first time since the start of the housing recovery in 2012, Realtor.com says the end of the annual peak buying season passed this year without any outside economic influences creeping in.

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Recovery Evident in Latest Housing Trends

The home price recovery moved in a less focused and more broad-based direction in May as available listings sank, a housing trend report shows. According to Realtor.com, the median listing price of homes in May this year was $214,900, a rise of 8 percent compared to year-ago levels. Month-over-month, prices ticked up 2.4 percent

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Fed: Economic Activity Increases Due to Better Weather

Reports from the Federal Reserve’s 12 districts indicate economic activity has increased in most regions across the country since the end of February as the unusually harsh winter came to an end. As in the last Beige Book report, the word "weather" appeared more than 100 times in the Fed's latest release, though the theme this time was generally one of improvement rather than sluggishness.

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