According to Goldman Sachs, more than half the homes sold last year and half of all the homes sold in 2013 were purchased without a mortgage. Click here to read the whole article!
Posts Tagged ‘real estate industry news’
A two-year interest rate high is driving down the number of new mortgage applications. Read the article here: http://realtormag.realtor.org/daily-news/2013/07/25/loan-demand-continues-soften
According to the National Association of REALTORS, existing home sales went up another 4.2% in May, with prices increasing into double digits over last year. To read the entire article and watch NAR Chief Economist Lawrence Yun explain the situation and what to expect moving forwards: please click here.
According to the National Association of Home Builders’ (NAHB) Eye on Housing, single family, multi-family, and home improvement spending is UP! Click here to read the rest of the article!
According to the National Association of Home Builders (NAHB), newly built single family homes sales are up for the third straight month – up 2.1% in May. According to Rick Judson, NAHB chairman, buyers are taking advantage of the still-low interest rates.
Mortgage Applications Drop – but what is the full story? The Wall Street Journal reported that mortgage applications dropped 9% last week, but that doesn’t mean that the housing market is cooling. This drop was fueled by rising interest rates (up to 3.9% this past week – the highest since May of 2012) and a […]
The National Association of REALTORS® Nationwide Open House Weekend is this weekend, April 20th and 21st! Check your local Association office for resources! To visit REALTOR.org for more open house statistics, please Click Here.
If you live or sell real estate in a tourist area, then listen up! The National Association of REALTORS® has indicated that the housing market recovery has also included vacation properties. In 2012 vacation home sales rose 10.1% to 553,000, up from 502,000 in 2011. NAR Chief Economist Lawrence Yun indicated that, “attractively-priced recreation property […]
The NAHB just reported that the recent increase in prices may be adding inventory to the housing market because sellers that previously couldn’t sell now can. The Federal Housing Finance Agency reported national home prices were up 6.5% from January 2012 to January 2013. Total inventory currently represents a national supply of 4.7 months versus […]
The National Association of REALTORS® has just released their 2013 Profile of Buyers’ Home Feature Preferences which evaluates the home features buyers are looking for, paid for, and what they would spend more money on. This report also evaluates regional, gender, and age differences.