Items Tagged with 'home sales'

ARTICLES

  • Home sales will be stymied in 2019 by high prices and "underbuilding"

    Grant Thornton chief economist says housing market will "tread water"
    A shortage of entry-level homes will stymie the housing market this year, nullifying much of the impact of lower mortgage rates, according to a forecast by Diane Swonk, Grant Thornton chief economist. "The housing market will tread water in 2019 as supply constraints and affordability problems offset any gains from slightly lower mortgage rates," Swonk said.
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  • Housing starts fall to slowest pace since 2017 led by flood-ravaged Midwest

    Single-family starts decline while multifamily unchanged
    Housing starts in March fell to the slowest pace in almost two years, according to a report from the Department of Housing and Urban Development and the Department of Commerce. The decline was led by single-family starts while multifamily starts, a category including condominiums and apartments that tends to be more volatile, remained unchanged from the prior month.
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  • Fed minutes show "patience" may wear thin by end of year

    Views "could shift" in either direction
    While members of the Federal Open Market Committee voice a unanimous call for "patience" at the end of their March 20 meeting, details about the meeting released Wednesday showed some dissenting opinions. "Several participants noted that their views of the appropriate target range for the federal funds rate could shift in either direction," the minutes said.
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  • Want to sell your house? List in the 1st week of April

    Here's why this week is the best time to put your house on the market this year
    The first week in April is the best time to list your house. Why? There is a confluence of factors that reach a fever pitch during this specific week to make it ideal for home sellers. Namely, high buyer demand, limited competition, quick sales and strong prices. Realtor.com breaks it down, and the calculable advantage for sellers who list now may surprise you.
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  • New home sales pick up the pace on lower mortgage rates

    Housing market strongest in a year
    Sales of new homes rose in February to the highest level in almost a year as lower mortgage rates enticed buyers. New homes are considered a leading indicator of the spring market because they can take about six months to finish and families who want to move before the start of the school year in September have to sign contracts earlier than existing homebuyers.
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  • Millennials, seniors are fleeing cities in search of affordable housing

    Home building and sales are heating up in the "exurbs," and the trend could be risky
    While the housing market on the whole has experienced a slowdown, there are some unexpected markets that are heating up. They’re called the exurbs – or remote areas just beyond affluent suburbs – and Millennials and retirees are flocking to them. Why? Because rising home prices and high mortgage rates are driving some homebuyers out of urban centers toward remote locations where homes are more affordable.
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  • Freddie Mac: Housing market will regain momentum this spring

    Rising sales demand and more inventory will spark action
    Lower than expected mortgage rates and moderating home prices are projected to heat up the spring home-buying season, according to Freddie Mac's March Forecast. Freddie Mac Chief Economist Sam Khater said rising sales demand coupled with more inventory than previous spring seasons suggests that the housing market is in the early stages of regaining momentum.
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