Articles Tagged with ''home sales''

NAR: Pending home sales climb in all four major regions

An uptick in existing inventory may be the reason
Pending home sales climbed in all four major regions in June, but still fell short of last year's gains, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun believes the worst of the supply crunch affecting most of the country has possibly passed.
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Decreasing home sales signal homebuilder pessimism

New home sales decrease 5.3% in June
New home sales decreased in June but slightly increased from last year, according to the new report from the Census Bureau and the Department of Housing and Urban Development. Zillow Senior Economist Aaron Terrazas questions if sputtering permits in the first half of 2018 could possibly reflect growing homebuilder pessimism.
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Existing home sales decrease for third consecutive month

But median sales price reaches all-time high
Existing home sales decreased for the third consecutive month in June, but the ongoing supply and demand imbalance helped push the median sales price to an all-time high, according to NAR. But the association said it’s important to note that despite the modest year-over-year rise in inventory, the current level is far from what is needed to satisfy demand levels.
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Texas real estate agent posts $1.9B in home sales in 2017

The first-ever billion dollar real estate agent is pushing the $2 billion mark utilizing a cloud-based listing service
Ben Caballero, world record holder, first-ever billion dollar real estate agent and president and CEO of HomesUSA posted $1.9 billion in sales in 2017, setting a new world record for home sales in a single year. How did he create this sales volume? Read to find out.
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Realtors: Low supply continues to curb our home sales

Home sales fall to third-lowest level this year
After two consistent months of modest increases, pending home sales fell to their third-lowest level over the past year. NAR Chief Economist Lawerence Yun explained that the market will also experience difficulties this summer as home buyers combat gas prices, low supply and rising mortgage rates.
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Home sales continue to soar in Bay Area

Sales over $1 million reach record high
The Bay Area continues to see homes fly off the market even amid rapidly rising home prices. Not only does the median home price continue to increase, but the number of homes that sold for $1 million or more this February rose about 33% year over year, to a record high level.
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What would happen to mortgage lending if interest rates doubled?

It happened once before in the 80s, remember?
[Op-ed] At its most extreme point in 1980, mortgage rates experienced a 50% year-over-year increase. What would happen to home sales if the same, albeit unlikely, scenario were to occur again? First American Chief Economist Mark Fleming answers that question for our readers.
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Northwest housing activity heats up at start of 2018

Fears of tax reform impact lessen
Housing activity in the Northwest sped up at the start of 2018 despite fears that tax reform would slow it down, according to the latest report from Northwest Multiple Listing Service. But although interest rates are rising and inventory is still tight, the local market in the Northwest remains competitive.
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