Items Tagged with 'housing inventory'

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Existing home sales grow at highest pace in 9 years

Housing market still needs more recovery
Despite rising home prices and lack of inventory, existing home sales in May grew at their fastest pace in almost a decade. Not everyone, however, sees this as good news for the market. Zillow's chief economist points out that, while encouraging, the market still has a long way to go.
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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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Competition about to be the next top homebuyer concern?

Industry addresses affordability concerns
Affordability, while the number one homebuyer concern, might soon be unseated by worrying about buyer competition. The rising concern isn’t too much of a surprise given this rough stat for potential homebuyers. On the positive side, the industry is stepping up to address affordability problems.
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Pending home sales surge to 10-year high

Seller's market overcomes industry roadblocks
Despite tight inventory and affordability concerns, Pending home sales still increased for the third consecutive month in April, surging to the highest level in over a decade. Here's why Lawrence Yun, National Association of Realtors' chief economist, said sales are beating the odds.
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New home sales reverse course, rise in April

Moves higher for spring-buying season
The latest April new home sales report shows signs that the housing market could finally be returning to normal after a series of up and down reports. One chief economist noted that so far in 2016, new home sales have declined each month. However, sales are now up a whopping 24% from last April.
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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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