Items Tagged with 'home sales'

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3 reasons why California housing is about to grind slower

Realtors report selling homes fast, for now
Homes sales in California increased again in May for the third straight month, but this could all change due tight housing inventory and reduced affordability. The California Association of Realtors' vice president and chief economist gives these 3 reasons for why the Golden State's housing market will grind slower for the remainder of the year.
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California selling fewer homes so far this year

Annually, home prices still increasing
New data shows that home sales decreased annually in the Golden State, but increased monthly. Prices continue to increase due to lack of affordable inventory. Despite rising home prices, cash sales also increased from last month. PropertyRadar’s director of economic research explains why.
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Florida housing market improves in April

New listings and median price increase
A number of factors combined to move Florida's housing market forward in April. Higher sales prices, more listings entering the market and low mortgage rates all played a hand. That being said, affordable housing still seems to be struggling.
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Existing home sales manage to increase two months straight

Overcomes low inventory, rising home prices
Last month's existing home sales marked a real rebound in sales after choppiness in activity this year from unevenness in the rate of new listings coming onto the market. Turns out, existing homes sales managed to do it again, moving higher for the second consecutive month despite rising home prices and low housing inventory.
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Despite odds, existing-home sales on track to best year in a decade

NAR forecast for 2016
The positive recent news for existing-home sales is predicted to last through the whole year, meaning 2016 could the best year in a decade. Lawrence Yun, chief economist of the National Association of Realtors, presented his strong outlook for 2016 at this year's Realtors Legislative Meetings & Trade Expo. Here's more of why Yun is so bullish.
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California pending home sales decrease for third consecutive month

Real estate deals also become increasingly harder to find
It’s no secret that California holds some of the hottest markets for real estate, but its ever-increasing sales prices and lack of new inventory is reducing the number of sales. The California Association of Realtors made predictions for the 2016 market, but how close were those predictions to reality?
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Existing home sales rebound 5.1% in March

More than 40% of homes sold in less than a month
Existing home sales rose in March, as buyers pushed past "depressed inventory levels and steady price growth" to close on a home. The strength of the market is built on the performance of the mid-priced markets, as sales are softer at the very low and very high ends of the market.
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Indictment: Killer murdered man and then sold victim's home

Allegedly buried victim in yard
Robert Shumway, a former Dallas Area Rapid Transit driver, bought his house in 1984 and lived there for more than 30 years. And according to an indictment covered in the Dallas Morning News, Shumway was murdered and buried there, too. Read all about the real estate transaction at the heart of this case right here.
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