Items Tagged with 'housing inventory'

ARTICLES

New home sales post biggest July gain since the housing bust

Sales up by double digits in all areas
New home sales kept up the strong pace from June and soared in July, and while the news didn’t come as a surprise, it’s definitely welcome, according to these industry experts. Here’s proof that demand for new homes remains solid in a low interest rate, low unemployment environment.
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RE/MAX: Housing market definitely cooling down

Home sales decrease from June
A new report from RE/MAX shows that the housing market is cooling down as home sales fell in July. Median home prices also dipped slightly. However, one expert points out that the market still varies drastically from one region to the next.
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Equifax: Mortgage defaults projected to keep going down

The ten states with the highest write-offs
The remnants of the financial crisis continue to slowly disappear as the number of foreclosures begin to return to levels witnessed before 2008. This news isn’t universal though as some areas remain elevated. Here's what Amy Crews Cutts, senior vice president and chief economist at Equifax, says is keeping the housing market healthy, along what areas aren't seeing results.
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Home sale volume in Texas hits all-time high

Home prices keep going up
Texas home sales and prices may be the only thing rising as fast as the summer temperatures in the Lone Star State. In fact, the Texas Association of Realtors says this quarter demonstrates an all-time high for sales volume in the state.
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Affordability constraints hold back pending home sales

Investor activity at lowest point since 2009
Pending home sales barely moved in June as current market conditions such as low inventory and high home prices prevented more growth. Until inventory conditions markedly improve, prospective buyers are likely to run into situations of being priced out of the market or outbid on the very few properties for sale.
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Trulia: Building permits preventing new housing growth

Pacific West and Northeast pulling down national average
Of the 100 largest metros, Las Vegas is the most elastic housing market in the U.S. Prices over this period increased 71.4%, but the housing stock increased 87.8%, leading to an elasticity estimate of 1.17. Other metros are not so fortunate.
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