Existing-home sales increased for the first time this year in April, while inventory meaningfully increased and home price growth moderated, according to the National Association of Realtors. Monthly sales gains in the West and South offset a modest decline in …
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Housing Affordability Takes a Hit
Housing affordability continued to fall across the country as the median price of single-family homes rose due to a continued lack of housing inventory, according to the latest National Association of REALTORS® Housing Affordability Index. The median single-family home price …
Read More »New-Home Sales Decrease in March
Sales of newly built, single-family homes fell 14.5 percent to a seasonally adjusted annual rate of 384,000 units in March, according to data released by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. “We …
Read More »Builder Confidence Holds Steady in April
Builder confidence in the market for newly built, single-family homes rose one point to 47 in April from a downwardly revised March reading of 46 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). “Job growth is …
Read More »Existing-Home Sales Take Slight Dip in February
Home prices continued to show solid growth in most of the U.S. due to limited inventory conditions, but rising prices and severe winter weather caused existing-home sales to slip in February, according to the National Association of Realtors®. Total existing-home sales declined 0.4 …
Read More »Couple Takes on Small Projects with New Rental Homes
Chris Ryan and his wife, Jan, had always planned to turn their first home into a rental when they moved to a larger home as they watched the housing market collapse. “The market was down, and we didn’t want to …
Read More »Retailer Builds Up Property Development in Local Community
Paul Gabbard hasn’t spent much time with a hammer. But he still has more than his fair share of construction knowledge. Gabbard, third-generation store owner of Malone Do it Best Lumber & Rental in Greenville, Ky., helped his father and …
Read More »Who’s Buying Houses? A Quick Look at Some Emerging Demographics
It’s an age-old tale: A new customer comes into your store and you find out he’s renting an apartment nearby. A couple of years later, he’s in the store buying paint and fixtures for his starter home. Down the road, …
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