Items Tagged with 'Real estate market'

ARTICLES

  • Leading indicators point to a May pick-up in home sales

    Applications for purchase mortgages surpass last year
    Mortgage credit availability is the highest ever recorded for the spring housing market. Fixed rate for home loans are near 4% and wages are up. Hmmmm. What can that mean for the spring selling season? Unless Americans don’t want to own houses anymore – and that hasn’t happened yet – it means this month’s data should look pretty good.
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  • Home inventory was flat in Q1 as listings lingered on market

    Trulia report shows high prices stunted demand
    The U.S. inventory of homes for sale was flat in the first quarter, compared with a year earlier, the first time since 2016 there wasn’t a decline, according to a Trulia report. Inventory increased in 50 of the nation’s 100 largest metro areas, up from just 19 areas one year ago.
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  • Homeowners are staying put, just not for as long as before

    After reaching a record high, homeownership tenure slips in Q1
    At the end of last year, the length of time that a homeowner stayed put hit a record high at an average of 8.17 years. But the latest data from the first quarter of 2019 reveals that the average tenure has begun to backslide as more Americans opt to relocate.
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  • How much can home staging boost your sale price?

    One quarter of agents say it bumps price by 10%
    It makes sense that staging a listing to make a home more appealing might influence a buyer’s decision. But, that’s just a nebulous idea until you put a dollar value on it. So, here it is: 25% of agents representing buyers in a survey by the National Association of Realtors last month said staging increased offers by up to 5%. Using NAR’s March median price of $259,400, that’s $12,970. About 12% said it increased offers by up to 10%, or $25,940.
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  • Average home seller saw a 31% return on their investment

    Those who sold in Q1 pocketed an average of $57,500
    Home prices are appreciating, and home sellers are realizing a sizable return on their investment as a result. Those who sold their homes in the first quarter of 2019 made a 31.5% return, pocketing an average gain of $57,500, according to the latest from ATTOM Data Solutions.
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  • Ouch! New tax code hit Wall Street where it hurts: Hamptons home prices

    Sales tumbled 18% in Wall Street’s summer playground
    Home sales and prices tumbled in 2019’s first quarter in the Hamptons, the summer playground for Wall Street bankers and Hollywood glitterati. Wall Street bonuses are down and the new federal tax code is making it more expensive to own luxury properties in states that have high property taxes.
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  • [Pulse] Did Amazon's about-face on its NY HQ2 plans turn the Long Island City real estate market upside down?

    Real estate in the Queens neighborhood was hot even before the tech giant set its sights on the area
    Well before Amazon announced its plans to pursue a second headquarters in Long Island City, the Queens neighborhood was among the fast-growing real estate markets of NYC. Major players in the real estate industry set their foot on the once-crumbling industrial neighborhood and secured millions of dollars to finance massive commercial and industrial projects. Yet, Amazon’s snafu announced last week still stunned the LIC real estate market.
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