Income growth and rising home inventory levels helped push house sales up in October compared to last year, marking the first major increase year-to-date, according to a report.
Read More »Analysts Predict Continued Improvement for Housing as Economy Strengthens in 2015
Looking at the larger economic picture, the economists predict a 3 percent growth rate for gross domestic product (GDP) in 2015, which would mark only the second year in the past decade in which growth was at 3 percent or higher.
Read More »Institutional Investors, All-Cash Buyers Enjoy Larger Average Discounts
All-cash buyers and institutional investors were able to purchase residential homes at a larger discount rate from the average market value at the time of purchase than the average rate for all U.S. homebuyers in the third quarter, according to RealtyTrac's U.S. Institutional Investors & Cash Sales Report for Q3 2014.
Read More »Housing Recovery Moving Slowly Despite Moderate Gains in Sales
While home sales prices posted moderate gains in September, the housing market recovery as a whole is moving slowly, according to the Wells Fargo Economics Group Housing Wrap Up for October 2014.
Read More »Study: Economy On More Solid Ground, Housing May Soon Follow
Now that the overall economy is on more solid ground, Wells Fargo economists suggest that housing may soon follow in its footsteps, according to Wells Fargo's Housing Chartbook for October 2014 released on Thursday.
Read More »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.
Read More »Florida Home Sales, Prices Buck National Trend
Statewide, the median sales price for single-family existing homes in August was $181,000, Florida Realtors reported, up 3.4 percent year-over-year. The median price for townhouse-condo properties was $135,000, up 3.8 percent from a year ago.
Read More »Report: Home Sales Down, Prices Up For August
Despite the currently slower environment, RE/MAX CEO Margaret Kelly is keeping a positive view on recent figures, noting that August sales were still more than 10 percent higher than in 2012 and 17.8 percent higher than in 2008, when the company began reporting on monthly activity.
Read More »Connecticut Housing Activity Slow, But Still Creeping Upward
A slight increase in single-family home sales in Connecticut for the month of July marked the fifth time in 2014 that single-family home sales increased year-over-year, according to a report released on Wednesday by the Warren Group, publisher of the Commercial Record. The 3,152 homes sold in Connecticut in July represented the highest total for any month since June 2010, when 3,400 homes were sold in the state, according to the Warren Group. July's total of 3,152 was an increase of less than 1 percent from June's home sales of 3,129 in Connecticut. Year-to-date, through the end of July, home sales in the state have fallen by 1.2 percent (from 14,230 down to 14,059).
Read More »Home Sales Typically Slow in Autumn Despite Economic Gains, Analyst Says
Lawrence Yun, chief economist and senior vice president of the National Association of Realtors (NAR), issued a statement on September 3 reporting that despite reports of more jobs, lower interest rates, and overall economic improvement, home sales are typically slow for the autumn months.
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