Items Tagged with 'home sales'


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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U.S. January 2016 home prices rise just 0.1%

Home prices now up 26.7% since 2012 low
The numbers that closed out last year have repeated in January 2016’s home price index report. While home prices continue to increase, they are rising slowly. Prices are now just 5.4% below the high in June 2006.
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Cash sales for 2015 lowest since 2008

Accounted for 33.9% of total annual sales
As the market continues to improve from the housing crisis, cash sales hit their lowest percentage since 2008. Although there is still ground to be made up, if it continues at its current rate, the percentage of cash sales would be at pre-crisis rates by 2017.
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Pro Teck: Home prices up 9.02% annually in February

Here are the top 10 CBSAs with the largest percent increase
Home prices continued to rise as the market approaches the spring home-buying season, with the average home selling price increasing 9.02% annually in February 2016. This month Pro Teck Valuation Services’ Home Value Forecast also includes the top 10 CBSAs with largest 12-month percent increase.
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