Home Prices

Buyers Lured to Midwest: Realtor.com

August 19th, 2018
Buyers are eyeing the Midwest, where, compared to the coasts, there are more practical prices, according to the latest ranking by realtor.com®. July’s hottest housing markets, based on days on market and online views, were: 1. Midland, Texas Age of...

Existing-Home Sales Stuck

August 22nd, 2018
Another Month, Another Sales Slump For the fourth month straight, existing-home sales slid, the National Association of REALTORS® (NAR) reports. Activity declined 0.7 percent in July, to 5.34 million, down 1.5 percent from the prior year. Inventory rewound, as well,...

New-Home Sales Still Weighed Down

August 23rd, 2018
July new-home sales were still weighed down, dropping 1.7 percent to 627,000, according to the Commerce Department. Inventory in July was 309,000, representing 5.9-months’ supply, and the median price was $328,700. “Although this month marks the lowest sales pace since...

The Headline-Making Markets Are Softening

August 27th, 2018
In the expansion following the recession, the conversation in housing has lingered on markets like Denver, Portland and Seattle—places where prices have risen sharply, and demand is discouragingly mismatched with supply. Now, the hottest markets’ prices are slowing, according to...

Case-Shiller: Home Prices Continue Upward Trend

August 28th, 2018
U.S. home prices continue to surge according to the latest S&P CoreLogic/Case-Shiller Indices, which found June prices on an upward trend (at 6.2 percent year-over-year), inciting affordability concerns. “Home prices continue to rise across the U.S.” said David M. Blitzer,...

Pending Home Sales Stumble as Housing Market Momentum Wanes

August 29th, 2018
Pending home sales stepped back in July and have now fallen on an annual basis for seven straight months, according to the National Association of Realtors®. The Pending Home Sales Index, a forward-looking indicator based on contract signings, decreased 0.7...

Existing-Home Sales Slip, but Inventory Stirs

July 23rd, 2018
Barely budging against imbalanced inventory, existing-home sales slipped at the start of summer, the National Association of REALTORS® (NAR) reports. Activity in June declined 0.6 percent to 5.38 million, down 2.2 percent from the prior year; however, inventory increased 4.3...

Cost of Homeownership Increases 3 Times the Price of Renting

September 5th, 2018
With affordability draining quickly, the gap is growing between the amount of buyers with a desire to purchase, and the amount of buyers who actually can. According to an analysis newly released by realtor.com®, the cost of homeownership has increased...

Minutes, or Money? Homeowners Save by Trading Off Travel to Work

July 25th, 2018
In city cores, commuting from farther out takes time, but can save thousands, according to an analysis newly released by Zillow. In Boston, there is a 13.4 percent difference in home prices, typically, between the center of the city and...

CoreLogic: July Prices up 6.2 Percent

September 7th, 2018
Home prices are still on a tear, but growing less significantly than in 2017, according to CoreLogic’s latest Home Price Index (HPI™) report. In July—around the height of one of history’s hottest housing markets—prices rose 6.2 percent year-over-year, the report...
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