Items Tagged with 'Existing home sales'

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First American predicts rate increase to bring cool-down in 2017

Home sales for November are up, but not at full potential
Contrary to the generally upbeat tone of the rest of the market, First American predicts that existing home sales will cool off in 2017. The increase in mortgage rates will also create a cooling down in home prices. However, there is still one factor that could change the housing market’s current course.
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Home sales decrease for first time in months

Two main factors holding back sales
Home sales are down for the first time since November while home prices continue to rise, albeit at a slower pace. The National Association of Realtors explains two major factors contributing to the sudden drop in home sales, and what it means for the remainder of 2016.
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California home sales come tumbling back down to earth

Home values remain strong
Just one month after posting a nearly four-year high, home sales in California took a step backwards in the month of July, with year-to-date sales falling from the previous year for first time in 18 months, according to a new report from the California Association of Realtors.
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Home sales are rising, so why isn't inventory going up?

First-time homebuyers play a key role
Two facts stand out in today’s housing market: rising home sales and flat/falling inventory. But if people are buying more homes, why aren’t there more homes for sale? Genworth Mortgage Insurance's chief economist explains what exactly is going on and what it means for first-time homebuyers.
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