A hot market, an exotic means of exchange — what could go wrong...Read More
An Alternative To Traditional Real Estate Investing
U.S. existing-home sales made a surprising monthly gain in September after falling the previous three months and after sustaining a market shock from two back-to-back hurricanes in the South region.Read More
Pending home sales slumped for the third consecutive month in May as thehousing market has begun to see the ill effects of a severe shortage of homes for sale, the National Association of Realtors (NAR) reported.Read More
New home sales as of the end of April were at an annual pace of about 569,000, down 11.4% compared with a revised rate of about 642,000 in March but 0.5% above the 566,000 seen in April 2016, according to estimates released by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.Read More
Lower mortgage rates are helping more homeowners refinance and reduce their monthly payments, but they are not providing much incentive to homebuyers, who are finding few affordable listings.Read More
The spring residential market is showing what happens when inventory is low and buyer demand is high. Bidding wars become common, buyers shift down from dream homes to what they can afford, and buyers at least temporarily walk away from the market.Read More
The story has been the same for a while — high buyer demand plus a short supply of homes for sale equals higher home prices and plenty of buyer frustration.
It may be the strongest seller's market ever, but buyer frustration is now taking its toll. Some would-be shoppers are even choosing to sit the spring market out.Read More
With the peak selling season in full swing, Tampa home sales didn't disappoint in March — prices in all four bay area counties jumped again by double digits compared to the same time a year earlier.Read More
Homes are flying off the shelves this spring, as demand rises and supply continues to drop.
Record high prices in some local markets are not thwarting hungry buyers, as they rush to take advantage of the lowest mortgage rates of the year.
Anyone eager to buy a home this spring probably has reasons to feel good. The job market is solid. Average pay is rising. And mortgage rates, even after edging up of late, are still near historic lows.Read More
Data powerhouse CoreLogic is reporting that for 2016, cash sales represented 32.1% of all sales – which is the lowest share seen since 2007. For December, 2016, cash sales accounted for 33.1% of all home sales, down 1.3 percentage points from December 2015.Read More
There was more good news than not-so-great news to be culled from the morning’s housing data.
First, the good news: Sales of new single-family houses during February were at a seasonally adjusted annual rate of 592,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This level is 6.1 percent higher than the revised January rate of 558,000 and is 12.8 percent above the 525,000 estimate from February 2016.Read More
House flipping is heating up in North Texas.
The number of houses purchased and quickly sold by investors rose more than 20 percent in Dallas-Fort Worth last year, according to a report by Attom Data Solutions.Read More