Articles Tagged with ''New Home Sales''

New home sales finish 2017 at highest level in a decade

More new homes sold last year than in any year since 2007
Earlier this week, a report from the National Association of Realtors showed that 2017 was the best year for existing home sales since 2006. As it turns out, existing homes weren’t the only ones selling at a record level last year.
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Here are 6 housing predictions to know for 2018

New home sales take on inventory shortages
As 2017 comes to an end, economists are forecasting the future of housing in 2018. One company, realtor.com, gives its forecast for five areas of housing in 2018. Will home sales increase, or will housing inventory continue to keep potential homebuyers out of the market?
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New home sales 10-year high baffles economists

What waiting one month could mean for new home prices
New home sales surged in September, rising at their fastest pace in 10 years and baffling economists. While some experts gave various opinions for the possible reason for the increase, they were all shocked as the data seemed to predict a decrease in new home sales.
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New home sales decrease to new 2017 low in August

Median home price plummets
New home sales in August decreased to a seasonally adjusted annual rate of 560,000, a new low for 2017. However, housing inventory also increased, reaching 6.1 months at the current sales rate. But this uptick in new homes for sale did not bring the housing market to equilibrium, but rather, helped make up for the lack of existing homes for sale.
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Freddie Mac: New home sales set to take over in 2018

Will help reduce home-price growth
Going into 2018, Freddie Mac predicted new home sales will continue to grow, even becoming the primary driver of home sales. This gradual increase in new homes, combined with gradual increases in mortgage rates, will help reduce rapidly-rising home prices next year. While Freddie Mac forecasts home prices will continue to increase, it will be at a slower pace.
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New homes becoming more affordable in Texas metros

Competition still high as days on market decrease
The rolling 12-month average of new home prices in Texas dipped in July from June, but it is not due to the lack of housing demand. In fact, the number of days on market dropped in all four of Texas’ major metropolitan areas. Here’s why home prices could be slowing down in the Lone Star State.
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New home sales drop in July

But home supply nears equilibrium
New home sales plummeted in July from the month and year before. However, despite the falling sales pace, home prices still increased. Housing supply, however, showed improvement as it continued its upward course.
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