Residential News

New-home sales sank in December, with sales of new, single-family homes down 9.3 percent to 625,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). The average new-home sales price was $398,900, while the median was $335,400. New-home listing inventory was 295,000—5.7-months supply. “December's drop [...]
Thu, Jan 25, 2018
Source: Real Estate News
Existing-home sales in December dimmed, but, for the year, were at a record not seen in 11 years, the National Association of REALTORS® (NAR) reports. Existing-home sales in December totaled 5.57 million, a 3.6 percent decrease from November, but a 1.1 percent increase from one year prior. Inventory decreased 11.4 percent [...]
Wed, Jan 24, 2018
Source: Real Estate News
Home prices again appreciated nationally quarter-over-quarter, rising 0.9 percent, according to the Clear Capital Home Data Index™ (HDI™), a monthly report. Appreciation was highest in the West, where prices climbed 1.2 percent quarter-over-quarter. Regionally: Midwest Growth quarter-over-quarter in the region came in at 0.9 percent, with prices in Detroit, Mich., appreciating at a [...]
Wed, Jan 24, 2018
Source: Real Estate News
Amid the lowest housing inventory levels in more than 13 years, existing-home sales in California still eked out a year-over-year gain, while the median sales price posted a solid annual increase, according to the California Association of REALTORS® (C.A.R.). Closed escrow sales of existing, single-family detached homes in California totaled a [...]
Wed, Jan 24, 2018
Source: Real Estate News
The economy could get a lift from tax reform, with homebuyers and homeowners likely having more income, but less in the way of write-offs, according to Fannie Mae's Economic & Strategic Research (ESR) Group's recently released Economic and Housing Outlook for January 2018. Analysts believe housing will again be marked [...]
Tue, Jan 23, 2018
Source: Real Estate News