home sales: Early Start on Spring Home Sales
- 02/29/20 11:35 AM
Newly built single-family home sales have significative escalated in January and February. As the warmer weather approaches in several areas of the U.S, home sales have increased, having a prompted start to the spring homebuying season.
Sales have increased by 7.9% in January to a seasonally adjusted annual rate of 764,000 units. In comparison to last year, sales are 18.6% higher.
The growing demand among homebuyers is encouraging homeowners to sell their properties, especially new construction since inventories remain low.
Economists agree that the past two months have been favorable for new-home sales. Besides, mortgage rates and unemployment continue to be low which makes this season great for … (1 comments)
home sales: Home Sales Forecasted to Have Best Year Since 2006
- 05/28/16 03:53 AM
Relentless supply constraints and home price growth outpacing wages are testing the patience of homebuyers this year, but existing-home sales are still on track to come in at their highest pace since 2006, according to an economic forecast forum at the 2016 Realtors® Legislative Meetings & Trade Expo. Among the topics addressed were: the growing burden repaying student loan debt is having on young adults, the housing market and the overall U.S. economy. Monthly existing-home sales were uneven in the first quarter but still came in at a seasonally adjusted annual rate slightly higher (5.29 million) than last year’s overall annual pace (5.26 million). … (2 comments)
home sales: Home Sales at Six Year High in August
- 09/24/14 05:21 AM
Sales of new U.S. single-family homes surged in August and hit their highest level in more than six years, offering confirmation that the housing recovery remains on course.
The US Commerce Department said on Wednesday that sales jumped 18.0 percent to a seasonally adjusted annual rate of 504,000 units. That was the highest level since May 2008, and marked the second straight month of gains.
Economists polled by Reuters had forecast new home sales rising to only a 430,000-unit pace last month.
While the new home sales segment accounts for only 9.1 percent of the housing market, the … (0 comments)
home sales: Buyers Be Nimble, Buyers Be Quick!
- 05/24/13 04:27 AM
Mortgage rates are low and inventories are shrinking, and that's good news for sellers and builders! Buyers must be more aware of the risk of passing up a good deal these days. Also, sellers are feeling more secure and confident that they can get their asking price or even expect a bidding war. To be an attractive buyer, get your "ducks in a row" before house hunting. This may mean getting a pre-qualified loan letter from a lender showing how much you can borrow. It may also be a good time to check on your credit rating. If a new house has more appeal, … (0 comments)
Newly built single-family home sales have significative escalated in January and February. As the warmer weather approaches in several areas of the U.S, home sales have increased, having a prompted start to the spring homebuying season.
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