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Home Builders/Developer's

New home sales hit 12-year high

By Mike Wheatley | December 27, 2019
New home sales enjoyed their best three-month performance since 2007 after seeing a big uptick in November, according to U.S. Commerce Department data published Monday. Economists say low mortgage rates and unemployment combined with strong sales growth led to the boost in sales. All told, sales of new single-family homes jumped 1.3% in November to […]
Home Buying

National median incomes fail to keep pace with home values

By Mike Wheatley | December 24, 2019
Housing affordability fell in October despite mortgage rates being at a historical low, according to the latest National Association of Realtors’ Housing Affordability Index. However, the NAR said that housing affordability conditions have nonetheless improved from a year ago. The issue is that home prices are rising faster than incomes, leading to houses becoming less […]
Home Buying, US Real Estate

Pending home sales are down, but prospects for 2019 are good

By Mike Wheatley | February 1, 2019
With consumers growing increasingly concerned about the economy and home prices increasing more, pending home sales slumped at the end of 2018, according to new data from the National Association of Realtors. The NAR’s Pending Home Sales Index is said to be a key forward-looking indicator of real estate market activity, based on contract signings. […]
DIY-Home Improvement, Real Estate Resource

Homeowners report great satisfaction with DIY projects

By Mike Wheatley | January 8, 2019
A significant number of homeowners enjoy do it yourself projects in the home, particularly among younger generations, according to a new report by the National Association of Realtors. The report, 2019 Remodeling Impact Report: DIY, found that many homeowners are actually happier when they perform DIY instead of hiring a professional to help upgrade or […]
housing cooling off
Market Watch, News

December 2018 Data: Housing Market Cooldown Continues

By Phil Butler | January 6, 2019
The latest report from realtor.com® reveals the continued cooling off of the U.S. housing market with 15% of listings showing price reductions.
Home Buying, US Real Estate

NAR forecasts better days for real estate in 2019

By Mike Wheatley | January 4, 2019
The National Association of Realtors has just published its latest housing report, showing that pending home sales fell slightly in November. However, the NAR says a reversal is within sight and that it is optimistic about the state of housing in 2019. The NAR’s Pending Home Sales Index is often seen as an important forward-looking […]
US Real Estate

How the government shutdown impacts real estate

By Mike Wheatley | December 24, 2018
A number of government run programs important to the real estate sector are likely to be affected by the government shutdown that began last weekend following the failure of lawmakers to pass short-term budget legislation. RealtorMag reports that the National Association of Realtors is working closely with officials at Congress and in the White House […]
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