Low Appraisals Continue to Hurt Real Estate Sales



Thousands of real estate deals up and down the country continue to called off due to low appraisals which come in lower than the previously agreed-upon sales price, new surveys have revealed.

Home Affordability At Its Highest in Nearly Two Decades



The combination of stabilizing home prices and super-low interest rates has led to housing becoming more affordable now than it has been at any time over the last two decades, according to a press release by the National Association of Home Builders. The latest NAHB/Wells Fargo Housing Opportunity Index (HOI) showed that 72.9 % of […]

5.7% Rise in New Single-Family Home Sales



After seeing sales of new single family homes decline for four straight months, we finally saw a rebound during September, with new home sales in this category rising by 5.7%, according to the Commerce Department. Associated Press reported that one of the biggest reasons for the jump was that builders finally saw sense and reduced […]

NAHB Dismayed With Obama Jobs Speech



A press release from the National Association of Home Builders has expressed disappointment over the jobs speech delivered on Thursday evening by President Obama. The speech touched on a number of ideas for trying to create more jobs, but the housing market, a crucial part of the U.S. economy was not even mentioned. Housing is […]

New Home Builds On The Up



The market for new homes has been picking up some steam in recent weeks with the numbers of new constructions beginning and housing permits awarded rising to their highest levels for five months. The Commerce Department reported yesterday that there was a 3.5% increase in the number of housing starts in May compared to the […]

Home Affordability at Highest Level in Two Decades



Homes are now more affordable to families than they have been any time during the last twenty years, according to data from the latest pricing index from the first quarter of this year.   According to figures released by the National Association of Home Builders / Wells Fargo Housing Opportunity Index, almost 75% of existing […]

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