Apr 30
This Is No Housing Bubble Home prices are rising at a more rapid pace than they were just a few months ago, as demand outpaces supply. Existing-home sales surged 9 percent year-over-year in March and home prices were up 8 percent over last year, according to the National Association of REALTORS®. What’s more, with …
Apr 29
$40 Million Homes Spark ‘Copycat Effect’ Homes prices at $40 million or more were almost nonexistent up until a few years ago. Now, the nation’s priciest homes are selling for well above $100 million, and listings and sales at $40 million are surfacing across the country, The Wall Street Journal reports. “We’ve had this creation …
Apr 28
Equity Rich Are Feeling Stuck… Even home owners who are “equity rich” aren’t necessarily in any hurry to sell and cash in. The share of equity rich residential properties – those with at least 50 percent of positive equity – stood at nearly 19.8 percent by the end of the first quarter, up slightly …
Apr 27
‘Underwater’ Homes Inch Up in First Quarter The share of seriously underwater home owners took a surprising turn in the first quarter of 2015, posting its first increase since 2012. However, the number of seriously underwater home owners is still down more than 4 percentage points compared to a year ago, according to RealtyTrac’s …
Apr 23
Home Buyers Push Up Loan Demand Mortgage applications were on the rise last week, as home buyers remain behind the upswing in demand. The Mortgage Bankers Association reported that applications for home purchases, viewed as a leading indicator of future home sales, rose 5 percent week-over-week on a seasonally adjusted basis for the week …
Apr 22
Economy Likely to ‘Spring Forward’ Economic activity weakened in the first quarter of the year, mostly attributed to bad weather conditions across the Northeast and West Coast port disruptions. But the economy will likely gain momentum throughout the spring, which is expected to give a lift to the ongoing housing recovery, according to Fannie …
Apr 20
Housing Starts Rise, Builders Remain Cautious The new-home market continues to make gains, albeit at a gradual pace as some price sensitive buyers remain on the fence, says Tom Woods, chairman of the National Association of Home Builders on the latest new-home data. Construction of newly built single-family homes edged up 4.4 percent in March …
Apr 17
The 5 Hottest Single-Family Markets Are… The national housing market is regaining steam after a slowdown in late 2013 and early 2014 and a handful of areas are seeing a surge in home prices and sales growth. Auction.com highlights the “hottest” major single-family markets based on current and expected future housing measures. Of the …
Apr 15
Children Get Richer From Home Prices Too Home prices can influence a home owner’s child’s future income, according to a new study by the Federal Reserve Bank of Boston. Researchers found that when households included a 17-year-old, they saw a 1 percent rise in home prices that year that led to about 0.9 percent …
Apr 14
Signs Now Point to a ‘Sustainable’ Recovery Last year, the spring selling season failed to meet market expectations, but many housing analysts say that 2015 will be different and the market may have finally reached a long-awaited “sustainable recovery.” In cities that have seen major job growth, home sales surged to double-digit gains in March …
Apr 13
Real Estate Likely to Ride a 3-Year Wave The real estate industry is expected to strengthen this year and continue to get stronger through 2017, according to a new report released from the Urban Land Institute Center for Capital Markets and Real Estate, which is based on a survey of the industry’s top economists and …
Apr 10
20 Most Active Housing Markets Home buyers are turning out in markets across the country for the spring selling season, and some markets are seeing more action than others. “We are now firmly in the time of the year when peak demand and peak inventory levels typically occur, through spring and early summer,” says Jonathan …
