Posts Tagged ‘housing market’

More Housing Markets Move Into “Buy” Zone

markets

The U.S. housing market is moving deeper into “buy territory,” which indicates that the majority of housing markets remain a sound investment, according to a newly released national index by Florida Atlantic University and Florida International University. “Housing prices, in general, continue to slow and when considered in light of the recent trends in the…

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Home Prices Maintain Strong Growth

home prices

Home Prices Maintain Strong Growth Tight inventories of homes for sale helped push home prices higher in the first quarter. The median price of existing single-family homes rose in 87 percent or 154 of 178 of the major metro areas across the U.S. in the first quarter, according to the latest quarterly report by the…

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First-Time Buyers Love These Home Features

updated kitchen and bath

First-Time Buyers Love These Home Features … Real estate professionals are bullish on the housing market this spring, particularly due to the growing number of first-time home buyers entering the market. In its 2016 Mid-Atlantic Housing Market Survey, MRIS – one of the nation’s largest multiple listing services – found that 57 percent of nearly…

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2016 Predicted To Be Housing’s Golden Year

housing market

2016 Predicted To Be Housing’s Golden Year … Officials from mortgage giant Freddie Mac have made a bold prediction: This year housing starts and home prices will reach their highest levels since 2006. The main reasons behind its bullish forecast is low mortgage rates, an improving job market, and a gradual increase in housing supply.…

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Homes Getting Less Affordable For Many

Home prices are rising faster than wages in 61% of markets … Housing is becoming increasingly unaffordable in many cities, a new report from RealtyTrac reveals. Their First Quarter 2016 Home Affordability Index shows that home price growth is exceeding wage growth in 61 percent of the nation’s housing markets. In the first quarter of…

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More Homes Are Coming Soon

real estate

More New Homes Are Coming Soon … Builders are beginning work on more single-family homes across the country, which could offer some much-needed inventory relief for many housing markets. Housing starts nationwide are up nearly 31 percent year-over-year. In February, housing starts jumped 5.2 percent alone on a month-over-month basis to a seasonally adjusted annual…

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Housing Inventory Is Tight In This Price Bracket

real estate

Housing Inventory Is Tight In This Price Bracket Just as more first-time home buyers are stepping into home ownership, lower-priced homes are increasingly difficult to find in many housing markets. The number of homes for-sale below $100,000 plunged 8.6 percent in January compared to a year earlier. On the other hand, luxury home buyers are…

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Expect A Strong Spring Housing Market

3 year lows

Expect A Strong Spring Housing Market Recent housing and economic reports predict we’ll see solid spring home sales, according to Jonathan Smoke, realtor.com®’s chief economist. Here are some signs: On jobs: “Job creation — arguably the most important factor in housing demand — is moving apace,” Smoke notes. In January, 151,000 jobs were created and…

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Sales Make Gains But Prices “Rising Too Fast”

prices rising too fast

Existing-home sales kicked off 2016 on solid footing, according to the National Association of REALTORS®’ latest housing report, released Tuesday. Existing-home sales in January moved to their highest annual rate in six months, while constrained inventory levels also pushed home prices to their fastest increase since last April, according to the report. All regions in…

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Spring Buying Is On!

The infamous groundhog – Pennsylvania’s Punxsutawney Phil – may not only have the power to predict how many more weeks are left to winter but also the ability to predict the start to housing’s busiest time of year. Phil didn’t see his shadow on Groundhog Day, which, if superstition holds true, means that winter will…

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