The risk of home prices going down? ‘Ultra-low’GREENSBORO, N.C. – April 4, 2017 – What are the chances home prices will decline as they did during the recession? Almost none.
The likelihood of home price declines across the United States over the next two years is unusually low – only 4 percent, according to the latest Arch MI Risk Index statistical model for Spring 2017. …continue
NAR: Feb.’s pending home sales leap 5.5%WASHINGTON – March 29, 2017 – Pending home sales rebounded sharply in February to their highest level in nearly a year and second-highest level in over a decade, according to the National Association of Realtors® (NAR). All major U.S. regions saw a notable hike in contract activity last month. …continue
Single-family housing starts hit highest level in 10 yearsWASHINGTON – March 16, 2017 – Nationwide housing starts rose 3 percent in February from an upwardly revised January reading, according to new data from the U.S. Department of Housing and Urban Development (HUD) and the Commerce Department.
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2016 home flipping hits 10-year highIRVINE, Calif. – March 9, 2017 – Home flipping last year was 3.1 percent higher than it was in 2015, according to ATTOM Data Solutions’ 2016 Year-End U.S. Home Flipping Report. The report finds that 193,009 single family homes and condos were flipped – resold in an arms-length transfer for the second time within a 12-month period – in 2016. …continue
Study: Fla. property taxes average compared to other statesWASHINGTON – March 1, 2017 – The average American household spends $2,149 on real estate property taxes each year, plus another $402 for residents of the 27 states with vehicle property taxes. With such high costs, it’s no surprise that about $11.8 billion in property taxes go unpaid each year, according to the National Tax Lien Association. …continue
