Items Tagged with 'home sales'

ARTICLES

  • 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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  • New home sales unexpectedly plummet in January

    Falls from decade-high pace set in 2017
    New home sales decreased significantly in January, falling from 2017’s decade-high pace. Experts explain the drop was unexpected and disappointing, but point out there are still a few reasons to be optimistic in January’s report.
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  • NAR: Pending home sales rise for 3rd straight month, but there’s trouble on the horizon

    Realtors wary of tax reform impact on home sales
    Pending home sales rose in December for the third straight month, providing further evidence that 2017 was a positive year for housing, but the National Association of Realtors doesn’t expect the good times to keep rolling. But combine continually low housing inventory and the Republican tax plan and you have a recipe for a slowdown, according to NAR Chief Economist Lawrence Yun.
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  • 2017 was the best year for existing home sales since 2006

    But weak December dents progress
    Despite a weak December ending a trend of two straight months of increases, there were still more existing homes sold last year than in any year since 2006. Last year's total of 5.51 million homes sold bests 2016’s total of 5.45 million and becomes the highest that figure has been since 2006, when there were 6.48 million existing homes sold.
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  • New homes sales at highest level in a decade

    When will housing contribute to GDP?
    While this is good news for the market, there may be a bigger, better knock-on effect for the national economy if this keeps up. Read more for the latest indicators and where housing stands as part of the greater national economy.
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