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Yes, It’s Still More Affordable to Buy Than Rent

Source: www.realtor.org Link to Article   In about two-thirds of the country – or 66 percent of the largest U.S. counties – it’s more affordable to buy a home than to rent one, according to a report by ATTOM Data Solutions. They compared the monthly rents of three-bedroom apartments to monthly payments on median-priced homes […]

Existing-Home Sales Soften Further in August

Source: www.realtor.org Link to Article WASHINGTON (September 22, 2016) — Existing-home sales eased up in August for the second consecutive month despite mortgage rates near record lows as higher home prices and not enough inventory for sale kept some would-be buyers at bay, according to the National Association of Realtors®. Only the Northeast region saw […]

Pending Home Sales Tick Up in July

Source: www.realtor.org Link to Article WASHINGTON (August 31, 2016) — Pending home sales expanded in most of the country in July and reached their second highest reading in over a decade, according to the National Association of Realtors®. Only the Midwest saw a dip in contract activity last month. The Pending Home Sales Index,* a […]

Pending Home Sales Skid in May

Source: www.realtor.org Link to Article   WASHINGTON (June 29, 2016) — After steadily increasing for three straight months, pending home sales let up in May and declined year-over-year for the first time in almost two years, according to the National Association of Realtors®. All four major regions experienced a cutback in contract activity last month. […]

NAR: Home Prices Maintain Strong Growth

Source: www.realtor.org Link to Article   Tight inventories of homes for sale helped push home prices higher in the first quarter. The median price of existing single-family homes rose in 87 percent or 154 of 178 of the major metro areas across the U.S. in the first quarter, according to the latest quarterly report by […]

Jobs Report Offers Hope for Inventory Crisis

Source: www.madison.com Link to Article The March jobs report showed an increase in employment within the construction sector, which could be a welcome sign that more inventory will soon be coming to the new-home housing market. Employment rose 215,000 in March as the unemployment rate remained at 5 percent, according to a report released Friday by […]

Homeownership Rates Drop to Historic Lows; Middle Class Feels the Strain of Rising Rents

Harvard Research Center Releases The State of the Nation’s Housing 2015 Cambridge, MA – The fledgling U.S. housing recovery lost momentum last year as homeownership rates continued to fall, single-family construction remained near historic lows, and existing home sales cooled, concludes The State of the Nation’s Housing report released today by the Joint Center for […]

US home construction jumps in February

Source: www.madison.com Link to Article   WASHINGTON (AP) — Construction of new homes rose in February to the highest level in five months, but applications for new construction were weak for a third month. Housing starts rose 5.2 percent last month to a seasonally adjusted annual rate of 1.18 million units, the Commerce Department reported […]

Pending Home Sales Cool Down in January

Source: www.realtor.org Link to Article WASHINGTON (February 29, 2016) — Following the highest average year for the index in nearly a decade1, pending home sales declined to begin 2016 but remained slightly higher than a year ago, according to the National Association of Realtors®. Only the South saw an uptick in contract activity in January. […]