Home prices keep making strong gains with almost every major metro area in the U.S. seeing a year-over-year home increase in the first quarter. Those gains were in the double-digits in 89% of those metros areas too, the National Association of Realtors reported Tuesday. Nationwide, the median existing single-family home price jumped to $319,200, up
Existing homes become pricier than new builds
May 9, 2021 by
New homes in the U.S. have traditionally always been more expensive than existing homes, but recent data suggests that the opposite is now true. According to the National Association of Realtors, in March the median price of an existing single-family home hit a record high of $334,500. Also that month, the U.S. Census Bureau released
Low inventories led to home sales decline last month, the NAR says
March 23, 2021 by
Existing home sales surprisingly reversed course in February, falling by 6.6% compared to the previous month, following several sharp monthly gains. That’s according to the National Association of Realtors, which said in a report that the sales dip is primarily due to low inventories of existing homes for sale in the U.S. However, the NAR’s
Existing home sales explode, up 27% from last year
November 20, 2020 by
Existing home sales have risen for the fifth consecutive month as the housing industry continues to show its resilience in the face of the COVID-19 pandemic. The National Association of Realtors reported Thursday that homes sales are up an astonishing 27% from the same time one year ago. In addition, it was reported this week
Sellers still call the shots, but market dynamics could change
September 15, 2020 by
Realtor.com said in its latest Weekly Recovery Report that the housing market is still outperforming historical standards, with average home prices rising to new highs and homes selling faster. Danielle Hale, chief economist at Realtor.com, said sellers continue to call the shots in the housing market today, with new inventory vanishing almost as soon as
Millennials way behind baby boomers when it comes to homeownership
February 6, 2020 by
Millennials own far less real estate than their predecessors, and it means an entire generation could have lower lifetime wealth, experts say. Data from the Federal Reserve shows that when baby boomers reached their median buying age of 35 in 1990, they owned around one third of all U.S. homes, in terms of overall value.
Home prices grow and affordability drops in Q2
August 9, 2019 by
Home values saw more gains in 91% of 178 U.S. metro areas during the second quarter, according to a new report from the National Association of Realtors published Wednesday. The data shows that the national median price for a single-family home came to $279,000 in Q2, up 4.3% from a year before. Nine-three of the
How big a salary do you need to buy a home?
April 11, 2016 by
A new survey by HowMuch pins down the minimum regional salary requirements for prospective home buyers in the U.S.
Charlotte A Great Place to Buy a Home
June 6, 2014 by
With a population of over 775,000 residents set over 297.7 square miles, Charlotte, North Carolina is the largest city in the state, but it’s also one of the most beautiful. If you’re looking to buy a home, the city is certainly an excellent option
California Home Sales Predicted to Continue Gradual Climb in 2013, State Realtors Group Says
October 8, 2012 by
Home sales in California are expected to continue their ascent into 2013, according to the California Association of Realtors. The increase from 2011 to 2012 is expected to be 5.1 percent. The state association expects sales to jump about 1.3 percent in 2013 to approach 530,000 units. Some 523,300 units are projected to be sold by the end of this year.
