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The Latest News about housing market

Pending Home Sales Rise 0.9 Percent in June

Pending home sales increased in all four major regions in June, but overall activity lagged year-ago levels for the sixth straight month, according to an industry report. The Pending Home Sales Index, a forward-looking indicator based on contract signings, rose 0.9 percent to 106.9 in June from 105.9 in May. Despite last month’s increase, contract signings are still down 2.5 percent ...

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U.S. home prices least affordable in a decade

U.S. home prices in the first quarter were at the least affordable level since Q3 2008 according to ATTOM Data Solutions report and California is home to three of the top 5 least affordable counties. The Q2 2018 U.S. Home Affordability Report calculates an affordability index based on percentage of income needed to buy a median-priced home relative to historic averages, with ...

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Housing Sentiment Continues to Strengthen, but affordability a concern

Home for sale

The Fannie Mae Home Purchase Sentiment Index® (HPSI)rose 0.6 points in May to 92.3, reaching a new all-time survey high for the second consecutive month. However, consumer attitudes about buying and selling a home have continued to diverge as home prices have increased. While the net share of respondents who reported that now is a good time to sell a home increased ...

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Home prices continue to rise

Home for sale

Data released today for March 2018 shows that home prices continued their rise across the country over the last 12 months according to S&P CoreLogic Case-Shiller Indices. “The home price increases continue with the National Index rising at 6.5% per year,” says David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices. “Seattle continues to report the ...

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Home sales increase 2.3% despite shrinking inventory, higher prices

economy going up

Home sales increased 2.3% year-over-year in April 2018 in the face of record low inventory and the second-highest median sales price in the nine-year history of the RE/MAX National Housing Report. In April, San Francisco, CA reached a new benchmark surpassing $1 million for the metro area’s median sales price. Eight other metro areas including Las Vegas, NV, Seattle, WA and Boise ID saw large double-digit price increases from just a year ago. ...

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Vacant properties plague struggling U.S. cities

Lincoln Institute of Land Policy Detroit Houses

Despite a drop in numbers across much of the United States since the recession, vacant and abandoned properties continue to dog struggling postindustrial cities, tearing apart neighborhoods with growing intensity, according to a report published by the Lincoln Institute of Land Policy. Since the 1990s, vacancies have become more widespread in cities such as Detroit, Cleveland, and St. Louis, former industrial powerhouses known as legacy ...

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March shows modest gains in housing market despite rate increases

Existing-home sales and contract signings both saw modest gains in March, even as low supply and higher mortgage rates continued to affect overall affordability, according to the National Association of Realtors. The association released a 56-second animated video summarizing how the housing market performed in March, as well as a look at consumer optimism about buying and selling a home in ...

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Trump Effect: First-Time Homebuyers Purchase Most Homes Since 2006

Home for sale

impact of tax reform expected to be a net positive supply constraints continue to hinder growth and drive up home prices “The first-time homebuyer segment had one of its strongest years on record, and we expect it to continue growing in market share and driving the purchase market in 2018, ” said Genworth Mortgage Insurance Chief Economist Tian Liu. First-time ...

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Getting Hammered Radio – February 11, 2013

CDN Radio

  When: Monday, February 11 at 10pm Eastern/7pm Pacific Where: Getting Hammered with Steve Hamilton and Stevie J West Tonight: We’re joined by Kandace Murphy as we discuss Politics and how Obama’s policies have effected the Banking Industry and Real Estate in America. We’re also talking about the dreaded Drones …and…Hammy might just go all NeoCon on you guys. 🙂 Kandace ...

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