NAR: March Existing Home Sales Slip 2.7%Year-to-year, total U.S. home sales fell 4.5%. NAR’s chief economist says sharply rising mortgage rates and higher inflation is beginning to impact the market. …continue
NAR: March Existing Home Sales Slip 2.7%Year-to-year, total U.S. home sales fell 4.5%. NAR’s chief economist says sharply rising mortgage rates and higher inflation is beginning to impact the market. …continue
Case-Shiller: Jan. Home Prices Surged a Record 19.1%The increase follows 18.9% in Dec. Top increases in the 20-city index included No. 1 Phoenix (up 32.6%), followed by Tampa (up 30.8%) and Miami (up 28.1%). …continue
New-Home Sales Drop 2% in Feb.NAHB says price increases and rising mortgage rates pushed some new-home buyers out of the market. The median sales price hit $400,600, up 10.6% year-to-year. …continue
Feb. New-Housing Starts Surpass ExpectationsA disappointing dip in Jan. new-home starts was followed by a surprise surge in Feb. Economists expected about 3.2% growth but starts rose by 6.8%. …continue
Typical 2010 Buyer Earned $229K in 10 YearsWASHINGTON – Homeownership is a leading source of net worth among families, akin to a silent savings account that doubles as a place to live. Built over time, housing wealth is primarily achieved by price appreciation gains, which the nation has seen accelerate at a record pace during the last decade. …continue