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Trump Effect: U.S. Housing Market Outlook Hits Highest Mark in Three Years

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Trump’s economic policies have brought about solid job growth and strong household formation The latest Health of Housing Markets Report (HoHM Report) from Nationwide Economics sees increasingly positive, sustainable trends for the housing sector for at least the next year. “Economic figures from early in the year were probably negatively affected by the government shutdown as well as the impacts of higher ...

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Existing-Home Sales Rise 2.5% in May

Existing-home sales rebounded in May, recording an increase in sales for the first time in two months, according to the National Association of Realtors®. Each of the four major U.S. regions saw a growth in sales, with the Northeast experiencing the biggest surge last month. May 2019 Existing Home Sales Total existing-home sales1, https://www.nar.realtor/existing-home-sales, completed transactions that include single-family homes, townhomes, condominiums ...

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U.S. Home Prices Resume Growth, Up 2.8% in April

Home for sale

(NASDAQ: RDFN) — U.S. home-sale prices edged up 2.8 percent year over year to a median of $307,600 in April, according to a new report from Redfin (www.redfin.com), a technology-powered real estate brokerage. This marks a rebound from March’s slight annual price decline and a return to a more sustainable level of price growth than the 7 to 9 percent home price increases seen ...

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Home Prices Up 0.6% in February, the Smallest Year-Over-Year Gain Since March 2012

Prices fell more than 8% in San Francisco and San JoseNewark, Milwaukee and Buffalo saw prices rise more than 10% U.S. home-sale prices increased just 0.6 percent year-over-year to a median of $287,400 in February, according to a report by Redfin, (www.redfin.com), the technology-powered real estate brokerage. This was the smallest increase recorded since prices stopped falling year-over-year in March 2012. Home prices were up only 0.6% ...

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U.S. Home Flipping Returns Drop To Seven-Year Low In 2018

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A new report out today shows that 207,957 U.S. single-family homes and condos were flipped in 2018, down 4 percent from the 216,537 home flips in 2017. The 207,957 homes flipped in 2018 represented 5.6 percent of all single-family home and condo sales during the year, stagnant from 5.6 percent of all sales in 2017 but up from 5.1 percent ...

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Report: Sales of New Homes Down 8% in January

Home for sale

Sales of new single-family homes fell 8 percent year over year in January, fifth consecutive month of year-over-year declines in new-home sales, according to Redfin (NASDAQ: RDFN), the next-generation real estate brokerage. But the size of the drop was smaller than in December in all regions except the West, where sales fell by more in January than they did a ...

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While January Home Price Growth Edged Up Nationally, West Coast Saw Red

Home for sale

Homebuyers are in the strongest position in years Supply of homes for sale grows at fastest rate since May 2015 he housing market started off 2019 with buyers in a much better position than they were a year earlier, according to a report from Redfin, (www.redfin.com), the next-generation real estate brokerage. U.S. home-sale prices increased 2.9 percent in January compared to a ...

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Share of Homes Sold Above Asking Price Hits Two-Year Low

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Only 19 percent of homes sold in the U.S. in December fetched more than their list price, and the rate from November dropped in eight of the nation’s top-10 markets The number of homes that fetched a sale over list price decreased from 21 percent in November to 19 percent in December – the largest month-over-month drop in seasonally-adjusted data ...

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Home Value Appreciation Slowed in Most Major Markets

Home for sale

Seattle and San Jose saw the biggest declines in appreciation over the year, but Indianapolis and Atlanta accelerated. Home value appreciation was slower this December than it was a year ago in 19 of the 35 largest housing markets The typical U.S. home is worth $223,900, 7.6 percent more than it was a year ago The median rent increased 1.4 ...

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Home Price Growth Hit Six-Year Low in December as Sales Fell 11 Percent

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U.S. home-sale prices increased just 1.2 percent in December compared to a year ago to a median of $289,800, according to a housing market analysis from Redfin, the next-generation real estate brokerage. The year-over-year increase in home prices was the smallest since the number went positive in March 2012. The median sale price of homes sold in December fell since last year in nine of the ...

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Millennial Home Buyers Most Likely to Put Less Than 20% Down

Home for sale

The largest generation of home buyers also gets the most money from friends or family to make it work and is most likely to tap multiple sources Putting 20 percent down is conventional wisdom, but fewer than half of buyers do it. First-time buyers are more likely to cash out investments or use retirement funds toward a down payment. Buyers ...

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Luxury Home Prices Rose at Lowest Growth Rate in Nearly Two Years

Luxury home prices rose 3.2 percent year over year to an average of $1.7 million in the third quarter of 2018, according to Redfin, the next-generation real estate brokerage. This is the lowest growth rate since the fourth quarter of 2016, when prices were up 1.1 percent from a year earlier. The Redfin analysis tracks home sales in more than 1,000 cities ...

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Take a Peek Inside Santa’s $765,000 Custom North Pole Home

Santa Claus’ home and state-of-the-art toy workshop at the North Pole is currently worth an estimated $764,389 after gaining 7.6 percent in value over the past year, according to Zillow. Santa and Mrs. Claus claimed their home on Zillow in 2016, updating the home facts on the 3-bedroom, 2-bathroom log cabin. They also added new photos, giving the world a glimpse into Santa’s life ...

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Housing Demand Posts Strong Gains in Q3

Home for sale

The Redfin Housing Demand Index increased 5.1 percent from August to 131 in September, after remaining essentially flat around 124 since May, according to Redfin (www.redfin.com), the next-generation real estate brokerage. The month-over-month increase in demand was driven more by growth in early-stage home-buying activity than in the more serious stage of offer-writing. The number of people requesting home tours increased 11.2 ...

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Existing-Home Sales Decline Across the Country thanks to Fed’s rate-raising

Existing-home sales declined in September after a month of stagnation in August, according to the National Association of Realtors. All four major regions saw no gain in sales activity last month. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, fell 3.4 percent from August to a seasonally adjusted rate of 5.15 million in September. ...

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