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Existing homes become pricier than new builds

By Mike Wheatley | May 9, 2021
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 […]
Home Sales, US Real Estate

Low inventories led to home sales decline last month, the NAR says

By Mike Wheatley | March 23, 2021
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 […]
Featured News, Home Builders/Developer's, Home Sales, US Real Estate

Existing home sales explode, up 27% from last year

By Mike Wheatley | November 20, 2020
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 […]
Housing, US Real Estate

Sellers still call the shots, but market dynamics could change

By Mike Wheatley | September 15, 2020
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 […]
Featured News, Residential, US Real Estate

Millennials way behind baby boomers when it comes to homeownership

By Mike Wheatley | February 6, 2020
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 Buying, US Real Estate

Home prices grow and affordability drops in Q2

By Mike Wheatley | August 9, 2019
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 […]
Mortgage, US Real Estate

How big a salary do you need to buy a home?

By Mike Wheatley | April 11, 2016
A new survey by HowMuch pins down the minimum regional salary requirements for prospective home buyers in the U.S.
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