Items Tagged with 'housing inventory'

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Pending home sales hit highest level since July

Existing home sales for 2016 expected to be at highest pace since 2006
Pending home sales increased slightly in October, by enough to hit the highest level since July. In fact, the National Association of Realtors' chief economist believes that, at this pace, this year could close out with the highest pace in existing home sales since 2006.
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Here are 5 bold predictions for housing in 2017

Plus, a bonus
Next year is less than two months away, and the holidays are likely to fly by. Giving his predictions for next year, Joe Melendez, CEO of ValueInsured, forecasts that 2017 could be a wild ride. "One thing I do feel certain about is that those who are most adaptive to change and innovation – those wanting to move beyond points, rates and the typical upgrade offers – will succeed in 2017."
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Home price increases speed up in third quarter, hit new peak

West still holds most expensive markets
Home prices continue their upward trend, but even sped up in the third quarter due to a lack of housing inventory available. One market hovered near its previous quarter’s median home price of $1 million. And yet, despite all this, economists still explain that the market is more affordable.
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