As the economy is continuing to improve, Baby Boomers and Millenials are moving to opposite locations based on their current needs. According to an article by Realtor Mag, 17 million American move to a different county each year. Millenials are …
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Housing Starts Up in July
Fueled by strong single- and multifamily growth, nationwide housing starts rose 15.7 percent to a seasonally adjusted annual rate of 1.093 million units in July, the highest level since November 2013, according to newly released figures from the U.S. Department …
Read More »Home-Price Gains Slowing in Some Markets
Home-price growth continued to moderate in many metropolitan areas in the second quarter and national year-over-year price appreciation is now at its slowest pace since 2012, according to the latest quarterly report by the National Association of Realtors®. The median …
Read More »A Segmented Real Estate Market
Despite the hopes of many, the real estate marketplace has not returned to the era of rising prices and expanding home sales. The certainty that once powered real estate sales, the view that real estate was a sure and certain …
Read More »How Much New Home Construction is Needed?
The top U.S. association for Realtors and that for home builders agree more home construction is needed to keep pace with job growth. What they don’t agree on is how much. The National Association of Realtors released a study Tuesday …
Read More »What’s the Latest on the Housing Recovery?
Ever heard the phrase “damned with faint praise”? That’s what continually came to mind about the state of the housing recovery as journalists and industry representatives came together here for the annual conference of the National Association of Real Estate …
Read More »First-Time Homebuyers Resurfacing in Some Areas
KB Home KBH -0.05% captured attention within the home-building industry on Friday with its disclosure that it has seen first-time home buyers resurface in certain markets, perhaps the earliest sign of a long-awaited resurgence needed to boost the industry back to …
Read More »Pending Home Sales Slowed in June
After three consecutive months of solid gains, pending home sales slowed modestly in June, according to the National Association of Realtors. The Pending Home Sales Index, a forward-looking indicator based on contract signings, declined 1.1 percent to 102.7 in June …
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