Items Tagged with 'home sales'

ARTICLES

  • Freddie Mac: Mortgage rates reach highest level since 2011

    Mortgage rates climb for fifth consecutive week
    Mortgage rates spiked to their highest level in over seven years, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater said the 30-year fixed-rate mortgage climbed for the fifth consecutive week to 4.72%, which is a high not seen since April 28, 2011.
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  • Freddie Mac: August forecast shows affordability hinders growth

    Supply and demand deter prospective homebuyers
    Home sales growth is expected to slow through the remainder of the year, as a lack of affordability and supply contribute to a continual slowdown, according to Freddie Mac’s August Forecast. Freddie Mac Chief Economist Sam Khater said these challenges were predominantly seen in expensive markets out West.
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  • 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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